---
title: The Most Underwater Homes -- That Aren't in CA, FL, AZ or NV
description: It's not just the states hit hardest by the housing bust where homes are underwater, though it may seem that way from the stats.
authors:
  - name: Lisa Gibbs
    url: https://money.com/author/lisa-gibbs/
    at_money_since: 2012
    articles: 11
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published: '2014-06-05T13:54:29.000Z'
modified: '2024-04-14T09:10:32.000Z'
section: Housing
tags:
  - Akron
  - atlanta
  - Atlantic City
  - Cincinnati
  - Cleveland
  - Dayton
  - Detroit
  - Flint
  - Housing Market
  - Memphis
  - real estate
  - Savannah
  - Toledo
  - underwater homes
word_count: 154
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![The Most Underwater Homes -- That Aren't in CA, FL, AZ or NV](https://money.com/img/logo-social.png)

It’s no surprise that lots of homeowners in the states hit hardest by the collapse of housing prices – California, Florida, Arizona and Nevada – don’t yet have enough equity to pay off their mortgage. That’s despite the healthy increase in home prices.

See our story: [Where Are the Most Underwater Homes](https://money.com/where-are-the-most-underwater-homes-these-13-cities/ "Where Are The Most Underwater Homes? These 13 Cities")

Nine of the top 10 most underwater cities (using the largest 170 metros) are in Florida, with Las Vegas rounding it out, according to research firm CoreLogic. Finally, we get to Flint, Mich.

So, here, just to mix it up a bit, we give you the most underwater cities that are NOT in what's known among real estate geeks as CANFLAZ:

| City | % Underwater |
| --- | --- |
| Flint, Mich. | 27.5% |
| Detroit | 26.9% |
| Elgin, Ill. | 24.4% |
| Toledo | 24.1% |
| Cleveland | 23.9% |
| Chicago | 22.4% |
| Memphis | 21.2% |
| Akron | 21.2% |
| Cincinnati | 20.8% |
| Lansing, Mich. | 20.3% |
| Atlantic City | 20.3% |
| Dayton | 20.1% |
| Atlanta | 19.5% |
| Lake County, Ill. | 19.3% |
| Savannah | 19.2% |

Source: CoreLogic

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