Report: 10 percent of homes in Rock Island "seriously underwater" on their mortgages
Nearly one out of every 10 homeowners in Rock Island has a mortgage that's 125 percent or more of their home's value as of March 31, according to a report by Attom Data Solutions, a California-based provider of property data.
A Rock Island Today analysis of the report found that, across four Rock Island zip codes, 9.62 percent of homeowners were "seriously underwater," as defined by Attom.
In portions of Rock Island proper, more than one in 10 homeowners (11.3 percent) owe 25 percent more than their home's estimated market value, Attom reports.
Across Milan and East Moline, the numbers hold similar: approximately 10 percent of homeowners face a mortgage crisis.
Moline fared a bit better than its counterparts, posting a "seriously underwater" rate of 8.4 percent.
Rock Island County includes 118,185 people and 30,140 owner-occupied homes, which represent 56.66 percent of all housing units.
Underwater mortgages in Rock Island
More than 2,000 homeowners in Rock Island are "seriously underwater" on their mortgages. Where do they live?
|Zip||Includes||Zip Population||Zip Housing Units||# Owner-Occupied Homes||% Owner-Occupied Homes||% seriously underwater||# seriously underwater|
Source: Attom Data Solutions. Includes ZIP Codes with 2,500 or more properties with loans.
Organizations in this Story
504 3rd Ave
Rock Island, IL - 61201