New Port Richey, FL 34652 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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New Port Richey, FL—34652

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$218,000

3.8% YoY Growth

Household Income

$52,400

41.0% YoY Growth

Days on Market

75

16.0% Longer YoY

Home Price Forecast

-0.9%

Median Rent

$1,600

1.1% YoY Growth

1-Bed Rent

$1,300

0.8% YoY Growth

2-Bed Rent

$1,520

1.8% YoY Growth

3-Bed Rent

$2,000

3.7% YoY Growth

Other Zip Codes in New Port Richey, FL

34653 34655 34654

Home Price Trends — New Port Richey, FL

As of May '26, the median home price in New Port Richey, FL is $218,000, with a year-over-year change of -3.8%. This indicates that home prices in New Port Richey, FL are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$218,000	-3.8%
Single Family	$240,000	-2.4%
Condos	$102,000	-17.1%

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 $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

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% of Rental Stock

Studio

5.8%

1 Bedroom

14.6%

2 Bedrooms

56.5%

3 Bedrooms

22.1%

4 Bedrooms

1.1%

Property Listings — New Port Richey, FL

As of May '26, Realtor.com reports that the median days on market for a home in New Port Richey, FL is 75. This is a increase of 16.0% 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	$270,000	10.0%
Listing Count	463	4.0%
Listings as % of Homes	1.4%	4.0%
Days on Market	75	16.0%

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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 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%

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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%

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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%

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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 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