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Special Report: Negative Equity in Boston is Nearly Nonexistent

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Negative equity is not only down in Boston, but almost entirely absent in the area’s housing market.

negative-equity-price-tiers-inequality-housing-market

Last week, we reported a much-needed dosage of good news – that after peaking a few years back, negative equity in Boston has fallen an insane 56.6 percent, keeping it well ahead of the national average.

This week, we’re reporting even more good news – simply, that across all price points, negative equity in Boston is extremely low.

Based on exclusive numbers that Zillow provided us, here is now it breaks down:

  • In Boston’s upper-tier markets, which Zillow considers homes priced $489,650 and above, only 3.92 percent of homes are in negative equity.
  • In the middle-tier markets, which are priced $295,850 to $489,650, that share rises to just 6.71 percent.
  • And finally, in the lower-tier markets priced $295,850 and below, that share increases to 17.14 percent.

See our graph below to see how Boston numbers compare with other major metro areas:

Read More Related to This Post

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