Will County Gazette

Roughly one in 10 homeowners in Will County has a mortgage that's 125 percent or more of his home's value as of March 31, according to a report by Attom Data Solutions, a California-based provider of property data.

A Will County Gazette analysis of the report found that across 24 Will County zip codes, 11.3 percent of homeowners were "seriously underwater," as defined by Attom.

In much of Joliet, approximately a third of homeowners owe 25 percent more than their home's estimated market value, Attom reports.

In Crete, more than 20 percent of homeowners are in major mortgage trouble, while in Monee, Crest Hill, Wilmington and Lockport, the number of homeowners deemed "seriously underwater" was above average.     

Channahon, Naperville and Plainfield fared best, with "seriously underwater" rates of less than 7 percent.

Will County includes 627,236 people and 224,598 owner-occupied homes, which represent 80 percent of all housing units.

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Underwater mortgages in Will County

More than 20,000 homeowners in Will County are "seriously underwater" on their mortgages. Where do they live?

Zip	Includes	Zip Population	Zip Housing Units	# Owner- Occupied Homes	% Owner- Occupied Homes	% seriously underwater	# seriously underwater
60433	Joliet	17,415	6,288	4,297	68.3%	32.3%	1,390
60432	Joliet	20,851	7,083	4,304	60.8%	32.2%	1,387
60417	Crete	16,022	14,132	5,085	36.0%	23.3%	1,183
60436	Joliet	18,145	6,360	4,597	72.3%	20.9%	960
60449	Monee	9,519	3,645	2,535	69.5%	17.2%	436
60403	Cresthill	18,415	7,549	4,858	64.4%	15.7%	762
60481	Wilmington	11,642	5,693	3,497	61.4%	14.8%	516
60435	Joliet	49,789	19,869	12,468	62.8%	13.3%	1,658
60441	Lockport	35,843	12,941	10,383	80.2%	12.2%	1,271
60431	Joliet	23,273	7,722	7,644	99.0%	11.7%	892
60440	Bolingbrook	53,587	17,722	13,733	77.5%	11.7%	1,612
60446	Romeoville	40,135	12,953	11,088	85.6%	9.4%	1,042
60448	Mokena	25,332	8,763	7,722	88.1%	9.2%	708
60491	Lockport	22,479	8,114	6,798	83.8%	8.9%	602
60423	Frankfort	30,688	10,588	9,800	92.6%	8.8%	863
60442	Manhattan	9,983	3,531	3,000	85.0%	8.7%	260
60544	Plainfield	25,307	9,432	8,353	88.6%	8.5%	709
60490	Bolingbrook	20,784	5,747	6,037	105.0%	8.2%	497
60451	New Lenox	34,826	11,642	10,801	92.8%	7.5%	807
60404	Shorewood	18,025	6,140	6,064	98.8%	7.1%	429
60410	Channahon	13,045	4,268	3,733	87.5%	6.6%	247
60564	Naperville	41,635	13,400	12,733	95.0%	6.5%	831
60585	Plainfield	23,306	7,140	6,949	97.3%	6.5%	454
60586	Plainfield	47,190	13,876	13,729	98.9%	5.7%	785
	TOTALS	627,236	224,598	180,208	80.2%	11.3%	20,302

Source: Attom Data Solutions. Includes ZIP Codes with 2,500 or more properties with loans.