Households owned 71.9% of the value of their homes outright in Q2 2026, according to the Federal Reserve’s Financial Accounts of the United States. The rest, 28.1%, was owed to lenders. The share was 72.1% a year earlier and 72.3% two years earlier.
Owners’ equity in household real estate totaled $35.81T in Q2 2026, while mortgage debt on one- to four-family homes was $14.01T.
The share fell to a low of 46.0% in Q1 2012, after the housing crash, and has climbed since then as home values grew faster than mortgage debt. The highest reading in the series was 84.1% in Q4 1947.
What this measures
The figure is total owners’ equity divided by the total market value of real estate owned by households. It is a national aggregate. It includes homes with no mortgage at all, so it says nothing about any one borrower: a household with a new mortgage may have little equity even when the national share is high. Home values are the Federal Reserve’s estimates, and past quarters are revised when new data arrive.
By quarter
| Quarter | Owners' equity share | Owners' equity | One- to four-family mortgages owed |
|---|---|---|---|
| Q2 2026 | 71.9% | $35.81T | $14.01T |
| Q4 2025 | 71.2% | $34.07T | $13.79T |
| Q4 2024 | 71.4% | $33.50T | $13.39T |
| Q4 2023 | 70.9% | $31.71T | $13.03T |
| Q4 2022 | 69.8% | $29.23T | $12.65T |
| Q4 2021 | 69.8% | $27.31T | $11.81T |
| Q4 2020 | 66.6% | $21.47T | $10.78T |
| Q4 2019 | 63.6% | $18.14T | $10.39T |
| Q4 2018 | 63.4% | $17.55T | $10.12T |
| Q4 2017 | 63.1% | $16.81T | $9.85T |
| Q4 2016 | 61.4% | $15.24T | $9.59T |
| Q4 2015 | 59.2% | $13.68T | $9.44T |
| Q4 2014 | 56.7% | $12.23T | $9.34T |
| Q4 2013 | 53.5% | $10.83T | $9.40T |
| Q4 2012 | 48.6% | $9.00T | $9.51T |
| Q4 2011 | 46.2% | $8.38T | $9.75T |
| Q4 2010 | 47.1% | $8.88T | $9.96T |
| Q4 2009 | 46.5% | $9.05T | $10.41T |
| Q4 2008 | 49.7% | $10.41T | $10.54T |
| Q4 2007 | 54.5% | $12.69T | $10.58T |
| Q4 2006 | 59.0% | $14.23T | $9.90T |
| Q4 2005 | 61.8% | $14.39T | $8.90T |
| Q4 2004 | 61.7% | $12.63T | $7.84T |
| Q4 2003 | 61.1% | $10.85T | $6.90T |
| Q4 2002 | 62.7% | $10.10T | $6.02T |
| Q4 2001 | 63.7% | $9.34T | $5.31T |
| Q4 2000 | 62.6% | $8.03T | $4.81T |
| Q4 1999 | 60.5% | $6.77T | $4.42T |
| Q4 1998 | 60.3% | $6.14T | $4.05T |
| Q4 1997 | 59.8% | $5.58T | $3.75T |
| Q4 1996 | 60.2% | $5.35T | $3.54T |
| Q4 1995 | 60.9% | $5.17T | $3.32T |
| Q4 1994 | 62.1% | $5.20T | $3.17T |
| Q4 1993 | 62.5% | $5.01T | $3.00T |
| Q4 1992 | 62.9% | $4.81T | $2.84T |
| Q4 1991 | 63.6% | $4.66T | $2.67T |
| Q4 1990 | 65.1% | $4.64T | $2.49T |
| Q4 1989 | 67.7% | $4.73T | $2.26T |
| Q4 1988 | 68.1% | $4.39T | $2.06T |
| Q4 1987 | 68.9% | $4.06T | $1.83T |
| Q4 1986 | 69.3% | $3.72T | $1.65T |
| Q4 1985 | 70.1% | $3.40T | $1.45T |
| Q4 1984 | 70.5% | $2.97T | $1.24T |
| Q4 1983 | 69.3% | $2.52T | $1.12T |
| Q4 1982 | 70.1% | $2.42T | $1.03T |
| Q4 1981 | 69.7% | $2.29T | $1.00T |
| Q4 1980 | 68.5% | $2.02T | $0.93T |
| Q4 1979 | 68.2% | $1.78T | $0.83T |
| Q4 1978 | 67.9% | $1.50T | $0.71T |
| Q4 1977 | 68.0% | $1.28T | $0.60T |
| Q4 1976 | 67.5% | $1.07T | $0.52T |
| Q4 1975 | 67.5% | $0.95T | $0.46T |
| Q4 1974 | 66.7% | $0.84T | $0.42T |
| Q4 1973 | 69.5% | $0.87T | $0.38T |
| Q4 1972 | 68.7% | $0.76T | $0.34T |
| Q4 1971 | 67.7% | $0.65T | $0.31T |
| Q4 1970 | 67.3% | $0.59T | $0.29T |
| Q4 1969 | 66.5% | $0.55T | $0.28T |
| Q4 1968 | 65.8% | $0.51T | $0.26T |
| Q4 1967 | 64.1% | $0.44T | $0.25T |
| Q4 1966 | 64.1% | $0.42T | $0.23T |
| Q4 1965 | 63.8% | $0.39T | $0.22T |
| Q4 1964 | 65.1% | $0.38T | $0.20T |
| Q4 1963 | 66.5% | $0.37T | $0.19T |
| Q4 1962 | 68.4% | $0.36T | $0.17T |
| Q4 1961 | 69.9% | $0.36T | $0.15T |
| Q4 1960 | 71.0% | $0.35T | $0.14T |
| Q4 1959 | 71.9% | $0.33T | $0.13T |
| Q4 1958 | 73.3% | $0.32T | $0.12T |
| Q4 1957 | 74.3% | $0.31T | $0.11T |
| Q4 1956 | 75.0% | $0.30T | $0.10T |
| Q4 1955 | 76.1% | $0.28T | $0.09T |
| Q4 1954 | 77.7% | $0.26T | $0.08T |
| Q4 1953 | 79.1% | $0.25T | $0.07T |
| Q4 1952 | 80.2% | $0.24T | $0.06T |
| Q4 1951 | 80.9% | $0.22T | $0.05T |
| Q4 1950 | 81.4% | $0.20T | $0.05T |
| Q4 1949 | 82.7% | $0.18T | $0.04T |
| Q4 1948 | 83.2% | $0.17T | $0.03T |
| Q4 1947 | 84.1% | $0.15T | $0.03T |
| Q4 1946 | 82.7% | $0.11T | $0.02T |
| Q4 1945 | 83.9% | $0.10T | $0.02T |
Year-end (fourth quarter) values from 1945, plus the latest quarter. Before 1952 the Federal Reserve published year-end values only. The CSV has every quarter available. Dollar amounts are not adjusted for inflation.
Source
Board of Governors of the Federal Reserve System, Financial Accounts of the United States (Z.1), via the Federal Reserve Bank of St. Louis FRED series HOEREPHRE, OEHRENWBSHNO and HHMSDODNS, retrieved October 28, 2026. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "Homeowners' Equity Share of Home Value," My Credit Guide, October 28, 2026, https://mycreditguide.org/data/homeowner-equity-share/.