New Port Richey, FL—34652
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Port Richey, FL
As of Oct '25, the median home price in New Port Richey, FL is $212,000, with a year-over-year change of -10.1%. This indicates that home prices in New Port Richey, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | -10.1% |
| Single Family | $234,000 | -8.6% |
| Condos | $108,000 | -21.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $78,000 | -25.0% |
2 Bed | $184,000 | -11.5% |
3 Bed | $275,000 | -9.2% |
4 Bed | $559,000 | -12.1% |
| 5 Bed | $834,000 | -9.6% |
% of Housing Stock
Rental Trends — New Port Richey, FL
As of July '25, Rentcast reports the average rent in New Port Richey, FL is $1,820, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in New Port Richey, FL is studios: $2,800, 1-bedrooms: $1,250, 2-bedrooms: $1,600, 3-bedrooms: $2,110, 4-bedrooms: $3,320. The most common rental property sizes in New Port Richey, FL are 2-bedroom and 3-bedroom, accounting for 56.5% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,820 |
| Studio Rent | $2,800 | $2,800 |
| 1 Bed Rent | $1,300 | $1,250 |
| 2 Bed Rent | $1,520 | $1,600 |
| 3 Bed Rent | $2,000 | $2,110 |
| 4 Bed Rent | $3,000 | $3,320 |
% of Rental Stock
Property Listings — New Port Richey, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in New Port Richey, FL is 85. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $273,000 | 10.0% |
Listing Count | 417 | 17.0% |
| Listings as % of Homes | 1.4% | 17.0% |
Days on Market | 85 | 5.0% |
Demographics — New Port Richey, FL
As of the latest ACS Survey released in 2023, New Port Richey, FL has a population of 25,900, which has increased by 10.6% over the past 5 years. New Port Richey, FL is a less popular place for families, as children make up 14.6% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | 10.6% |
% Under 18 | 14.6% | -6.4% |
% Seniors | 25.7% | -6.2% |
% WFH | 14.7% | 86.1% |
% w/ College Degree | 19.8% | 17.9% |
As of the latest ACS Survey released in 2023, New Port Richey, FL is a predominantly white area, with 78.0% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in New Port Richey, FL is hispanic, making up 12.9% of the population. Foreign-born residents account for 9.3% of the population in New Port Richey, FL, and this percentage has decreased by 7.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.0% | -4.8% |
% Black | 4.2% | 55.6% |
% Hispanic | 12.9% | -3.0% |
% Asian | 0.7% | -50.0% |
% Foreign Born | 9.3% | -7.9% |
Mortgage and Risk — New Port Richey, FL
According to HUD data as of 2023, there were 513 mortgage originations in New Port Richey, FL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in New Port Richey, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 513 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — New Port Richey, FL
As of 2024, the percent of homes in New Port Richey, FL under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Port Richey, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 205 |
Total Units Section 8 | 201 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,300 | $1,420 |
| 2 Bedroom | $150 | $1,520 | $1,670 |
| 3 Bedroom | $140 | $2,000 | $2,140 |
| 4 Bedroom | -$400 | $3,000 | $2,600 |
Affordability — New Port Richey, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $212,000 |
| Median Household Income | $52,400 |