Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 15,842 people, 6,575 houses or apartments, and a median cost of homes of $85,622, house prices in New Port Richey are some of the most affordable in Florida as well as the nation.
Single-family detached homes are the single most common housing type in New Port Richey, accounting for 42.95% of the city's housing units. Other types of housing that are prevalent in New Port Richey include large apartment complexes or high rise apartments ( 20.81%), duplexes, homes converted to apartments or other small apartment buildings ( 17.29%), and a few mobile homes or trailers ( 12.48%).
People in New Port Richey primarily live in small (one, two or no bedroom) single-family detached homes. New Port Richey has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in New Port Richey built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in New Port Richey built between 1940-1969 ( 17.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.81%). There's also some housing in New Port Richey built before 1939 ( 2.22%).
Vacant housing appears to be an issue in New Port Richey. Fully 25.11% of the housing stock is classified as vacant. Left unchecked, vacant New Port Richey homes and apartments can be a drag on the real estate market, holding New Port Richey real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in New Port Richey over the last then years, as home values have seen a decline of 30.99% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows New Port Richey home appreciation rates at 1.28%, which equates to an annual appreciation rate of 5.24%.
Appreciation rates are so strong in New Port Richey that despite a nationwide downturn in the housing market, New Port Richey real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Port Richey appreciation rates continue to be some of the highest in America, at 12.18%, which is higher than appreciation rates in 97.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Port Richey. New Port Richey appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.
Relative to Florida, our data show that New Port Richey's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Port Richey differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Port Richey - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Port Richey real estate investment or home purchase decisions.
|$1,015,001 - $1,353,000||0.5|
|$677,001 - $1,015,000||0.8|
|$541,001 - $677,000||1.5|
|$406,001 - $541,000||1.6|
|$271,001 - $406,000||4.8|
|$135,001 - $271,000||18.2|
|$67,001 - $135,000||41.6|
|$0 - $67,000||30.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF New Port Richey HOMES|
|2000 or Newer||6.8|
|1970 - 1999||73.3|
|1940 - 1969||17.6|
|1939 or Older||2.2|
|TYPE OF New Port Richey HOMES|
|Small Apt. Buildings||17.3|
|SIZE OF New Port Richey HOMES|
|5 or more bedrooms||1.30|