U.S. HELOC Market Volume (2009–2025)

FreeRateUpdate’s authoritative dataset tracking total U.S. home-equity (HELOC) balances from 2009–2025.

Figure 1 — HELOC Balances Outstanding, 2009–2025 (Billions USD)

Chart & Key Data (2009–2025)

Line chart of HELOC balances outstanding from 2009 to 2025 showing decline from $732B to ~$340B by 2021, followed by consecutive increases to $413B in 2025.
Source: Internal analysis of industry data. Values in billions of U.S. dollars.

Key Insights

  • HELOC balances fell from $732B in 2009 to ~$340B in 2021.
  • Balances have risen for 13 consecutive quarters to $413B YTD 2025.

Sample data table for crawler readability

Sample data excerpt (billions USD)
Year Balance ($B)
2025413
2024389
2023366
2022346
2021341
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