New Port Richey, FL is an area with a strong housing market. The median value of houses in the city is $318,800, which is slightly lower than the US median value of $338,100. Despite this difference, New Port Richey has seen a much higher rate of appreciation in the housing market over the past year. The US 1-year appreciation rate was 8.27%, however New Port Richey enjoyed a 19.50% appreciation in house prices over the same period. This indicates that New Port Richey is a great place to invest in real estate and a prudent option for potential buyers.
The median home cost in New Port Richey is $318,800. Home appreciation the last 10 years has been 212.0%. Home Appreciation in New Port Richey is up 28.1%.
Average Age of Homes
- The median age of New Port Richey real estate is 40 years old
The Rental Market in New Port Richey
- Renters make up 33.1% of the New Port Richey population
- 3.2% of houses and apartments in New Port Richey, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.