This statistic shows the U.S. counties with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017. In November 2017, the GOP proposed a change to the federal income tax structure, which would allow homeowners to only deduct interest paid up to 500,000 U.S. dollars towards their mortgage from their federal income taxes, rather than up to one million U.S. dollars as is currently allowed. In that year, 29.2 percent of the homes in Nantucket County (Martha's Vineyard), Massachusetts had mortgages worth more than 500,000 U.S. dollars, which means that 29.2 percent of homeowners in that county could see an increase in their federal income taxes if this proposed change becomes reality.
Counties in the United States with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017
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ATTOM Data Solutions. (November 6, 2017). Counties in the United States with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017 [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/785355/counties-share-homes-with-high-mortgages-us/
ATTOM Data Solutions. "Counties in the United States with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017." Chart. November 6, 2017. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/785355/counties-share-homes-with-high-mortgages-us/
ATTOM Data Solutions. (2017). Counties in the United States with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017. Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/785355/counties-share-homes-with-high-mortgages-us/
ATTOM Data Solutions. "Counties in The United States with The Highest Proportion of Homes with Mortgages above 500,000 U.S. Dollars as of November 2017." Statista, Statista Inc., 6 Nov 2017, https://www.statista.com/statistics/785355/counties-share-homes-with-high-mortgages-us/
ATTOM Data Solutions, Counties in the United States with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017 Statista, https://www.statista.com/statistics/785355/counties-share-homes-with-high-mortgages-us/ (last visited May 11, 2024)
Counties in the United States with the highest proportion of homes with mortgages above 500,000 U.S. dollars as of November 2017 [Graph], ATTOM Data Solutions, November 6, 2017. [Online]. Available: https://www.statista.com/statistics/785355/counties-share-homes-with-high-mortgages-us/