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Texas A&M - 12 days ago

WalletHub: Texas city home to most overloaded mortgage debtors

​​WASHINGTON – Willis is the city with the most overloaded mortgage debtors, according to a WalletHub study.
The Montgomery County city has a median mortgage debt of $143,676 and a median house value of $82,300 for a mortgage debt-to-house-value ratio of 175 percent.
The median income is $31,250. The mortgage debt-to-income ratio is 460 percent.
Other cities with the most overloaded mortgage debtors include Bell Gardens​, Calif.; Ewa Beach, H Dumfries, Va.; and Blacklist Estates, Ohio.
The Real Estate Center has more information on housing #58;​
2020 Texas Housing Economic Outlook Texas Housing InsightHome Price Index​Housing Affordability Data​​Source #58; WalletHub​


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