These 13 cities have the biggest scars from the housing crash

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Shutterstock

Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets still showing scars from the housing crash.

“Roughly half of American wealth is held in home equity,” wrote Zillow Chief Economist Dr. Svenja Gudell in a press release. “Paying off the home mortgage is a key step toward retirement for most Americans, and it’s clear from these results that Generation X is further from that goal than older generations because of the Great Recession.

The rankings are based on Zillow’s home equity research of more than 50 million homeowners with a mortgage.

Here’s the list of the cities still showing scars from the housing crash, ranked by percent of homes in negative equity:


13. Riverside, CA

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Steve Jacobs

Percent of Homes in Negative Equity, 2017 Q1: 10.1%

Loan-to-Value Ratio, All Mortgaged Homeowners: 62.4

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 68.4

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 71.2

Source:Zillow


12. Phoenix, AZ

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Dreamframer/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 10.6%

Loan-to-Value Ratio, All Mortgaged Homeowners: 65.8

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 72.2

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 73.8

Source:Zillow


11. Detroit, MI

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Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 11.4%

Loan-to-Value Ratio, All Mortgaged Homeowners: 60.5

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 67.1

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 65.3

Source:Zillow


10. Philadelphia, PA

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f11photo/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 11.4%

Loan-to-Value Ratio, All Mortgaged Homeowners: 65.8

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 75.3

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 81.5

Source:Zillow


9. Kansas City, MO

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Stuart Seeger/Flickr

Percent of Homes in Negative Equity, 2017 Q1: 12.0%

Loan-to-Value Ratio, All Mortgaged Homeowners: 69.4

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 75.1

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 79.5

Source:Zillow


8. Washington, DC

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Orhan Cam/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 12.1%

Loan-to-Value Ratio, All Mortgaged Homeowners: 66.4

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 74.0

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 77.5

Source:Zillow


7. Atlanta, GA

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Sean Pavone/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 12.2%

Loan-to-Value Ratio, All Mortgaged Homeowners: 66.3

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 71.2

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 72.2

Source:Zillow


6. Indianapolis, IN

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KYPhua/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 12.2%

Loan-to-Value Ratio, All Mortgaged Homeowners: 71.1

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 76.2

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 81.3

Source:Zillow


5. St. Louis, MO

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Joe Raedle/Getty Images

Percent of Homes in Negative Equity, 2017 Q1: 12.4%

Loan-to-Value Ratio, All Mortgaged Homeowners: 67.5

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 75.1

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 77.9

Source:Zillow


4. Cleveland, OH

source
f11photo/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 13.4%

Loan-to-Value Ratio, All Mortgaged Homeowners: 67.2

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 75.9

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 77.2

Source:Zillow


3. Baltimore, MD

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m01229/Flickr

Percent of Homes in Negative Equity, 2017 Q1: 13.8%

Loan-to-Value Ratio, All Mortgaged Homeowners: 69.5

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 79.0

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 82.3

Source:Zillow


2. Las Vegas, NV

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littleny/Shutterstock

Percent of Homes in Negative Equity, 2017 Q1: 15.9%

Loan-to-Value Ratio, All Mortgaged Homeowners: 70.7

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 75.0

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 74.6

Source:Zillow


1. Chicago, IL

source
Shutterstock/f11photo

Percent of Homes in Negative Equity, 2017 Q1: 16.4%

Loan-to-Value Ratio, All Mortgaged Homeowners: 68.6

Loan-to-Value Ratio, Mortgaged Gen X Homeowners: 77.3

Loan-to-Value Ratio, Mortgaged Millennial Homeowners: 76.5

Source:Zillow


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