Nearly half of all mortgaged residential properties in the United States are considered "equity-rich," according to a new report from ATTOM Data Solutions, which has counted 10 straight quarters of this rising trend.

ATTOM defines equity-rich as when the the amount of money that is still owed on a property is no more than 50% of its estimated market value.

The national rate is 48.5%. New Jersey falls well below the national equity-rich rate at 40.2%.

The state, however, compares favorably, at 2.7%, with the 2.9% U.S. average of mortgages that are considered seriously underwater.

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Breaking the numbers down at the municipal level, the ZIP code 08202 — Avalon in Cape May County — ranks 13th nationwide with 82.4% equity-rich properties.

The Jersey Shore actually dominates the Garden State's top 10 ZIPs, while three of the bottom 10 ZIPs in terms of equity-rich homes can be found in or around the state capital of Trenton.

TOP 10 EQUITY-RICH ZIP CODES IN NEW JERSEY

08202 (Avalon)
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08243 (Sea Isle City)
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08008 (Beach Haven)
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07762 (Spring Lake)
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08226 (Ocean City)
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08204 (Cape May)
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08402 (Margate City)
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08260 (Wildwood)
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08735 (Lavallette)
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08251 (Villas)
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The bottom 10 ZIP codes, according to ATTOM

07103 (Newark, 29.6%)

07874 (Stanhope, 29.5%)

08618 (Trenton, 29.1%)

07419 (Hamburg, 28.6%)

08104 (Camden, 28.5%)

07921 (Bedminster, 28.0%)

08629 (Trenton, 27.3%)

08085 (Swedesboro, 26.9%)

07020 (Edgewater, 24.6%)

08611 (Trenton, 19.3%).

Patrick Lavery is a reporter and anchor for New Jersey 101.5. You can reach him at patrick.lavery@townsquaremedia.com

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