New Port Richey, FL


Highest Appreciating New Port Richey Neighborhoods Since 2000

New Port Richey, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

New Port Richey Housing Market Information

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.

New Port Richey Home Appreciation Rates

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.

Average Home Values


Median Home Value:

New Port Richey, FL HOME PRICES

Value Range
> $1,353,000 0.3
$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

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
87.020977381929 96.5811965811966

Number Of Homes And Apartments:

New Port Richey Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
47.71% 2.29% 2 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$955 / per month

Homeownership Rate

Owners 54.71
Renters 45.29
Vacant 25.11

Housing Market Details


Age of Homes

AGE OF New Port Richey HOMES
2000 or Newer 6.8
1970 - 1999 73.3
1940 - 1969 17.6
1939 or Older 2.2

Types of Homes

TYPE OF New Port Richey HOMES
Single-Family 42.9
Townhomes 6.5
Small Apt. Buildings 17.3
Apt. Complexes 20.8
Mobile Homes 12.5
Other 0.0

Home Size

SIZE OF New Port Richey HOMES
No Bedroom 2.27
1 Bedroom 13.53
2 Bedrooms 60.39
3 Bedrooms 19.52
4 Bedrooms 3.00
5 or more bedrooms 1.30