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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Port Richey, FL Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Port Richey, FL Housing Market Trends

With 3,359 people, 1,458 houses or apartments, and a median cost of homes of $452,522, Port Richey real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Port Richey, accounting for 45.86% of the city's housing units. Other types of housing that are prevalent in Port Richey include large apartment complexes or high rise apartments ( 25.07%), mobile homes or trailers ( 16.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.53%).

People in Port Richey primarily live in small (one, two or no bedroom) single-family detached homes. Port Richey has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in 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 Port Richey built between 2000 and later ( 16.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.93%). There's also some housing in Port Richey built before 1939 ( 1.54%).

Vacant housing appears to be an issue in Port Richey. Fully 20.02% of the housing stock is classified as vacant. Left unchecked, vacant Port Richey homes and apartments can be a drag on the real estate market, holding 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.

Port Richey Home Appreciation Rates

In the last 10 years, Port Richey has experienced some of the highest home appreciation rates of any community in the nation. Port Richey real estate appreciated 291.50% over the last ten years, which is an average annual home appreciation rate of 14.62%, putting Port Richey in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Richey definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Port Richey's appreciation rate, at 7.65%, has been at or slightly above the national average. In the latest quarter, Port Richey's appreciation rate has been 0.30%, which annualizes to a rate of 1.19%.

Notably, Port Richey's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Port Richey's latest annual appreciation rate is higher than 60% 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 Port Richey differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in 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 Port Richey real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$452,522

Port Richey, FL Home Prices
> $1,757,000
$1,318,001 - $1,757,000
$878,001 - $1,318,000
$702,001 - $878,000
$527,001 - $702,000
$352,001 - $527,000
$176,001 - $352,000
$88,001 - $176,000
$0 - $88,000
6.8%
6.8%
3.4%
3.4%
6.3%
6.3%
5.6%
5.6%
9.1%
9.1%
30.0%
30.0%
28.0%
28.0%
6.3%
6.3%
4.6%
4.6%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

1,458

Port Richey Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,932 / per month

Homeownership Rate

Owners
Renters
60.4%
60.4%
39.6%
39.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.0%
20.0%
80.0%
80.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.7%
16.7%
67.8%
67.8%
13.9%
13.9%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
45.9%
45.9%
6.1%
6.1%
6.5%
6.5%
25.1%
25.1%
16.0%
16.0%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.2%
5.2%
17.0%
17.0%
47.9%
47.9%
20.8%
20.8%
8.9%
8.9%
0.3%
0.3%
0% 100.0%
% of Homes