High-equity owners tend to be older

Percent of households by age group

Source: PPIC calculations based on American Community Survey data accessed via IPUMS USA, University of Minnesota. NOTES: High-equity homeowners are those with at least $1 million in equity. Among homeowners with no mortgage, equity is equal to respondents’ reports of housing value. Among those with a mortgage, equity is equal to reported housing value less mortgage principal. We estimated mortgage principal based on the monthly mortgage amount. Contact author for details. Get the data Embed