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Are you equity rich? Homeowners in these 25 Tampa Bay ZIP code areas are

Overall, Pinellas County has the most equity rich homeowners, Pasco the fewest

The Tampa Bay area has bounced back in spectacular fashion from the 2008 housing crash. Nowhere are the gains greater than in Pinellas County.

As of September, four out of 10 mortgaged homes in Pinellas were worth at least 50 percent more than what the owners owed on their loans. And of the 25 Tampa Bay ZIP code areas with the largest percentage of equity rich homes, all but five were in Pinellas.

Pinellas was also the only Tampa Bay county to exceed the national average. However at least 20 percent of homeowners in Hernando, Hillsborough and Pasco could boast of being equity rich, according to a new report by the real estate site ATTOM Data Solutions.

In most parts of the country, “the latest numbers reveal another profound impact of the extended housing boom, as far more homeowners find themselves on the right side of the balance sheet instead of the wrong side,'' Todd Teta, ATTOM’s chief product officer said in a release. "This is a complete turnabout from what was happening when the housing market crashed ... and (homeowners) with properties still worth a lot less than their mortgages represent just a small segment of the market.''

ZIP code 33785, which includes Indian Rocks Beach, had the highest percentage of equity rich homes at 39.9 percent, closely followed by ZIPs encompassing the downtown and Snell Isle areas of St. Petersburg.

The Hillsborough ZIP that includes the West Shore area ranked fifth on the list with 38 percent of mortgaged homes there worth far more than the borrowed amounts. Other Hillsborough ZIPs in the top 25 were Tampa’s Egypt Lake, Town 'n' Country, Palma Ceia and Davis Islands. All were above 32 percent.

Generally speaking, homeowners in wealthy waterfront areas are most apt to be equity rich although parts of inland Pinellas Park also ranked in the top 25. Homeowners in areas with new subdivisions like Riverview tend to have less equity.

Pasco’s top ZIP was one including Holiday and Forest Hills (26 percent of homes were equity rich) while Spring Hill took Hernando’s honors at 24 percent.

Nationally, 26.7 percent of homes were equity rich with homeowners in California, Hawaii, Vermont, New York and Washington state having the most equity.

Tampa Bay’s top 25 most equity rich ZIPS:

33785: Indian Rocks Beach — 39.9 %

34698: Dunedin — 39.1%

33701: St. Petersburg — 38.3%

33704: St. Petersburg — 38.3 %

33607: Tampa — 38%

33706: St. Petersburg — 37.8%

33708: St. Petersburg — 37.4%

33767: Clearwater Beach — 37.2%

33707: St. Petersburg - 36.9%

33715: St. Petersburg — 36.4%

33763: Clearwater —34.9%

33614: Tampa— 33.7%

33710: St. Petersburg — 33.5%

33782: Pinellas Park— 33.2%

33774: Largo — 33.1%

33713: St. Petersburg — 32.8%

33712: St. Petersburg — 32.7%

33776: Seminole — 32.6%

33778: Largo — 32.6%

33634: Tampa — 32.5%

33629: Tampa — 32.5%

33703: St. Petersburg — 32.4%

33606: Tampa — 32.2%

33765: Clearwater —31.7%

33709: St. Petersburg — 31.6%

Times staff writer Connie Humburg contributed to this report.

Source: ATTOM Data Solutions