503 N. 81st St., in East Saint Louis, is currently on the market for $24,900; A report found East Saint Louis to have the highest number of "seriously underwater" mortgages in Metro East. | Zillow
503 N. 81st St., in East Saint Louis, is currently on the market for $24,900; A report found East Saint Louis to have the highest number of "seriously underwater" mortgages in Metro East. | Zillow
Approximately one in six homeowners in Metro East have 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 Metro East Sun analysis of the report found that, across 22 Metro East zip codes, 15.29 percent of homeowners were "seriously underwater," as defined by Attom.
In East Saint Louis, over 40 percent of homeowners owe 25 percent more than their home's estimated market value, Attom reports.
Across Bellville and Granite City, between around 20 and 25 percent of homeowners face a major mortgage crisis. The number of homeowners deemed "seriously underwater" was close to 20 percent in Alton, as well.
Monroe did better than its counterparts, posting a "seriously underwater" rate of 6.8 percent.
Metro East includes 440,001 people and 131,488 owner-occupied homes, which represent 68.11 percent of all housing units.
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Underwater mortgages in Metro East
More than 20,000 homeowners in Metro East are "seriously underwater" on their mortgages. Where do they live?
| Zip | County | Includes | Zip Population | Zip Housing Units | # Owner-Occupied Homes | % Owner-Occupied Homes | % seriously underwater | # seriously underwater |
| 62206 | Saint Clair | East Saint Louis | 15,713 | 7,190 | 4,420 | 61.47% | 40.6% | 1,796 |
| 62220 | Saint Clair | Belleville | 20,063 | 9,376 | 6,250 | 66.66% | 24.6% | 1,537 |
| 62040 | Madison | Granite City | 42,495 | 19,799 | 11,872 | 59.96% | 20.5% | 2,428 |
| 62002 | Madison | Alton | 32,040 | 15,956 | 9,477 | 59.39% | 19.8% | 1,875 |
| 62226 | Saint Clair | Belleville | 29,862 | 13,622 | 8,774 | 64.41% | 18.9% | 1,655 |
| 62095 | Madison | Wood River | 10,876 | 5,270 | 3,214 | 60.99% | 18.5% | 596 |
| 62024 | Madison | East Alton | 9,772 | 4,703 | 2,936 | 62.43% | 17.9% | 526 |
| 62249 | Madison | Highland | 15,790 | 6,438 | 4,959 | 77.03% | 16.7% | 828 |
| 62234 | Madison | Collinsville | 32,054 | 14,690 | 9,515 | 64.77% | 15.2% | 1,446 |
| 62223 | Saint Clair | Belleville | 17,297 | 7,854 | 5,527 | 70.37% | 14.5% | 801 |
| 62221 | Saint Clair | Belleville | 28,402 | 12,659 | 8,516 | 67.27% | 14.3% | 1,221 |
| 62208 | Saint Clair | Fairview Heights | 16,885 | 8,181 | 5,597 | 68.41% | 13.1% | 734 |
| 62010 | Madison | Bethalto | 11,309 | 4,694 | 3,359 | 71.56% | 11.5% | 386 |
| 62035 | Madison | Godfrey | 16,247 | 7,006 | 4,817 | 68.76% | 11.2% | 540 |
| 62258 | Saint Clair | Mascoutah | 9,467 | 3,780 | 2,995 | 79.23% | 10.9% | 325 |
| 62025 | Madison | Edwardsville | 34,092 | 13,058 | 9,880 | 75.66% | 9.9% | 979 |
| 62294 | Madison | Troy | 14,261 | 5,226 | 4,566 | 87.37% | 9.2% | 421 |
| 62269 | Saint Clair | O Fallon | 31,674 | 12,351 | 9,933 | 80.42% | 9.0% | 891 |
| 62298 | Monroe | Waterloo | 16,557 | 6,744 | 4,486 | 66.52% | 8.1% | 362 |
| 62034 | Madison | Glen Carbon | 13,827 | 5,804 | 4,190 | 72.19% | 7.6% | 319 |
| 62062 | Madison | Maryville | 8,204 | 3,373 | 2,740 | 81.23% | 7.2% | 196 |
| 62236 | Monroe | Columbia | 13,114 | 5,291 | 3,465 | 65.49% | 6.8% | 236 |
| TOTALS | 440,001 | 193,065 | 131,488 | 68.11% | 15.29% | 20,098 |
Source: Attom Data Solutions. Includes ZIP Codes with 2,500 or more properties with loans.
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