Port Richey, FL—34668
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Port Richey, FL
As of Oct '25, the median home price in Port Richey, FL is $225,000, with a year-over-year change of -6.6%. This indicates that home prices in Port Richey, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | -6.6% |
| Single Family | $229,000 | -6.1% |
| Condos | $146,000 | -13.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $210,000 | -6.2% |
3 Bed | $251,000 | -5.6% |
4 Bed | $282,000 | -6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Port Richey, FL
As of July '25, Rentcast reports the average rent in Port Richey, FL is $1,720, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Port Richey, FL is studios: $1,180, 1-bedrooms: $1,170, 2-bedrooms: $1,680, 3-bedrooms: $1,860, 4-bedrooms: $2,120. The most common rental property sizes in Port Richey, FL are 2-bedroom and 3-bedroom, accounting for 52.2% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,720 |
| Studio Rent | $1,180 | $1,180 |
| 1 Bed Rent | $1,180 | $1,170 |
| 2 Bed Rent | $1,620 | $1,680 |
| 3 Bed Rent | $1,820 | $1,860 |
| 4 Bed Rent | $2,100 | $2,120 |
% of Rental Stock
Property Listings — Port Richey, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Port Richey, FL is 71. This is a increase of 13.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | -3.0% |
Listing Count | 401 | 12.0% |
| Listings as % of Homes | 1.2% | 12.0% |
Days on Market | 71 | 13.0% |
Demographics — Port Richey, FL
As of the latest ACS Survey released in 2023, Port Richey, FL has a population of 48,000, which has increased by 1.5% over the past 5 years. Port Richey, FL is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,000 | 1.5% |
% Under 18 | 19.6% | -1.0% |
% Seniors | 22.5% | 0.4% |
% WFH | 9.6% | 68.4% |
% w/ College Degree | 12.7% | -3.1% |
As of the latest ACS Survey released in 2023, Port Richey, FL is a predominantly white area, with 69.6% of the population identifying as white. The white population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Port Richey, FL is hispanic, making up 22.7% of the population. Foreign-born residents account for 10.9% of the population in Port Richey, FL, and this percentage has decreased by 1.8% 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 | 69.6% | -11.0% |
% Black | 3.9% | 18.2% |
% Hispanic | 22.7% | 57.6% |
% Asian | 1.0% | -41.2% |
% Foreign Born | 10.9% | -1.8% |
Mortgage and Risk — Port Richey, FL
According to HUD data as of 2023, there were 1019 mortgage originations in Port Richey, FL, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Port Richey, FL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,019 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Port Richey, FL
As of 2024, the percent of homes in Port Richey, FL under the Section 8 program is 6.3%. 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 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 | 571 |
Total Units Section 8 | 426 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,180 | $1,540 |
| 2 Bedroom | $190 | $1,620 | $1,810 |
| 3 Bedroom | $500 | $1,820 | $2,320 |
| 4 Bedroom | $720 | $2,100 | $2,820 |
Affordability — Port Richey, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $225,000 |
| Median Household Income | $45,800 |