New Port Richey, FL34653

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$246,000
8.1% YoY Growth
Median Household Income
$47,700
18.2% 5-Year Growth
Days on Market
79
19.0% Longer than last year
Home Price Forecast
0.2%
Median Rent
$1,750
4.3% YoY Growth
1-Bed Rent
$1,300
4.0% YoY Growth
2-Bed Rent
$1,500
0.6% YoY Growth
3-Bed Rent
$1,920
3.9% YoY Growth

Other Zip Codes in New Port Richey, FL

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 79. This is a increase of 19.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$268,000-7.0%
Listing Count
2209.0%
Listings as % of Homes0.8%9.0%
Days on Market
7919.0%
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Demographics — New Port Richey, FL

As of the latest ACS Survey released in 2023, New Port Richey, FL has a population of 36,100, which has increased by 3.1% over the past 5 years. New Port Richey, FL is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
36,1003.1%
% Under 18
16.5%-14.5%
% Seniors
27.4%10.5%
% WFH
11.6%132.0%
% w/ College Degree
17.7%12.7%
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As of the latest ACS Survey released in 2023, New Port Richey, FL is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in New Port Richey, FL is hispanic, making up 13.9% of the population. Foreign-born residents account for 11.4% of the population in New Port Richey, FL, and this percentage has increased by 72.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
73.8%-8.4%
% Black
5.8%87.1%
% Hispanic
13.9%-2.8%
% Asian
1.8%125.0%
% Foreign Born
11.4%72.7%
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Mortgage and Risk — New Port Richey, FL

According to HUD data as of 2023, there were 709 mortgage originations in New Port Richey, FL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% 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. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
709
% Conventional Loans
70.0%
% Government Loans
30.0%
% Investor Loans
2.0%
% Second Loans
2.0%
% Cash Out Refinance
15.0%

Loan Activity

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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 4.1%. 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. In New Port Richey, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD
348
Total Units Section 8
203
% Rentals under Section 8
4.1%
% Occupied Section 8
70.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$110$1,300$1,410
2 Bedroom$160$1,500$1,660
3 Bedroom$210$1,920$2,130
4 Bedroom$290$2,300$2,590

Affordability — New Port Richey, FL

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio5.5
Median Home Price$246,000
Median Household Income$47,700

New Port Richey, FL — ZIP Code Boundary Map

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Frequently Asked Questions