Port Richey among U.S. cities with most manageable levels of mortgage debt

Florida has three cities that are ''least leveraged'' on mortgage debt.
This house in Port Richey sold in 2018 for $109,000. [SUSAN TAYLORMARTIN | Times]
This house in Port Richey sold in 2018 for $109,000. [SUSAN TAYLORMARTIN | Times]
Published March 27

Port Richey is among 20 U.S. cities where homeowners have the most manageable levels of mortgage debt. The online financial site WalletHub.com compared the median mortgage debt in 2,500 U.S. cities to the median income and median home value. Port Richey, Homosassa and Naples were among the "least overleveraged'' communities, meaning homeowners can generally afford their mortgages. Of the 20 "most overleveraged'' cities, 13 are in California with its sky-high home prices.

Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Follow @susanskate.

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