As home prices rise, more home owners in some parts of the country are seeing gains in equity.

Read more: Many Owners May Underestimate Their Equity

Nearly 20 percent of all properties with a mortgage are considered “equity rich,” according to RealtyTrac’s second quarter U.S. Home Equity & Underwater Report. The number of equity-rich home owners with a mortgage has risen by 1 million compared to a year ago.

“Some are leveraging that equity into a higher LTV refinance or a move-up purchase, some may be downsizing into an all-cash purchase and some may be cashing out of home ownership altogether,” says Daren Blomquist, RealtyTrac’s vice president.

Not surprisingly, the highest equity places tend to be in areas that have seen the largest increases in home prices. RealtyTrac reported the following major metro areas had the highest percentage of equity-rich properties:

1. San Jose, Calif.: 43.8%
2. San Francisco, Calif.: 38.3%
3. Honolulu, Hawaii: 36.7%
4. Los Angeles, Calif.: 32%
5. New York: 30.7%
6. Pittsburgh, Pa.: 29.4%
7. Poughkeepsie, N.Y.: 28%
8. Oxnard, Calif.: 27.5%
9. San Diego, Calif.: 26.9%

Source: “Shares of Seriously Underwater Foreclosure Properties Drops to New Low in Q2 2015,” RealtyTrac (July 29, 2015)

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