New Port Richey, FL 34655 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

View in Interactive Map

New Port Richey, FL—34655

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$376,000

5.8% YoY Growth

Household Income

$85,100

37.6% YoY Growth

Days on Market

80

7.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$2,220

1.3% YoY Growth

1-Bed Rent

$1,520

26.7% YoY Growth

2-Bed Rent

$1,800

0.0% YoY Growth

3-Bed Rent

$2,300

4.4% YoY Growth

Other Zip Codes in New Port Richey, FL

34652 34653 34654

Home Price Trends — New Port Richey, FL

As of Dec '25, the median home price in New Port Richey, FL is $376,000, with a year-over-year change of -5.8%. This indicates that home prices in New Port Richey, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$376,000	-5.8%
Single Family	$391,000	-5.8%
Condos	$191,000	-9.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Port Richey, FL

As of July '25, Rentcast reports the average rent in New Port Richey, FL is $2,310, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in New Port Richey, FL is 1-bedrooms: $1,520, 2-bedrooms: $1,860, 3-bedrooms: $2,390, 4-bedrooms: $2,780. The most common rental property sizes in New Port Richey, FL are 2-bedroom and 3-bedroom, accounting for 48.3% and 19.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,220	$2,310
Studio Rent	N/A	N/A
1 Bed Rent	$1,520	$1,520
2 Bed Rent	$1,800	$1,860
3 Bed Rent	$2,300	$2,390
4 Bed Rent	$2,730	$2,780

Loading chart...

% of Rental Stock

Studio

4.1%

1 Bedroom

16.1%

2 Bedrooms

48.3%

3 Bedrooms

19.0%

4 Bedrooms

8.8%

5+ Bedrooms

3.7%

Property Listings — New Port Richey, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in New Port Richey, FL is 72. This is a increase of 6.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$377,000	-2.0%
Listing Count	310	8.0%
Listings as % of Homes	1.0%	8.0%
Days on Market	80	7.0%

Loading chart...

Demographics — New Port Richey, FL

As of the latest ACS Survey released in 2023, New Port Richey, FL has a population of 47,700, which has increased by 21.1% over the past 5 years. New Port Richey, FL is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	47,700	21.1%
% Under 18	20.7%	10.7%
% Seniors	22.8%	-18.3%
% WFH	18.5%	96.8%
% w/ College Degree	36.9%	23.0%

Loading chart...

As of the latest ACS Survey released in 2023, New Port Richey, FL is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in New Port Richey, FL is hispanic, making up 8.8% of the population. Foreign-born residents account for 11.9% of the population in New Port Richey, FL, and this percentage has increased by 32.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.5%	-2.2%
% Black	2.5%	13.6%
% Hispanic	8.8%	4.8%
% Asian	2.3%	0.0%
% Foreign Born	11.9%	32.2%

Loading chart...

Mortgage and Risk — New Port Richey, FL

According to HUD data as of 2023, there were 1115 mortgage originations in New Port Richey, FL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,115
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	12.0%

Loading chart...

Loading chart...

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 0.7%. 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	43
Total Units Section 8	43
% Rentals under Section 8	0.7%
% Occupied Section 8	70.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$370	$1,520	$1,890
2 Bedroom	$420	$1,800	$2,220
3 Bedroom	$540	$2,300	$2,840
4 Bedroom	$730	$2,730	$3,460