Median listing price
: $59,900 Comparably priced car
: Cadillac CTS-V ($71,000) Housing price change (year over year)
: -0.1% Median household income
: $31,016 Unemployment rate
Port Richey was clearly devastated by foreclosures, job losses and builders who overestimated demand for new homes. That’s evident in its whopping 24.7% vacant housing rate, which is more than twice the national average. Housing prices in the area have fallen 48% from their peak, according to Federal Housing Finance Agency (FHFA) data.
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