New Port Richey, FL

Population: 14,961
Average annual home appreciation rate: 15.22%
Total of homes for sale in this market:
Median home price: $82,691
Median Rent: $671 per room
Home price range: 33.33% of homes are between $91,001 – $182,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 43.19% or homes are SINGLE FAMILY DETACHED
Number of vacant homes: 21.80%
Number of renters: 43.77%
Number of owner occupied: 56.23%
Number people living below poverty level: 20.69%
Unemployment rate: 11.40%
Is this area perfect for real estate deals going on right now? Data shows New Port Richey is one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. With home prices where they are, higher rental rates, high overall home appreciation rate, multiple vacant properties, and high poverty/unemployment rate… the New Port Richey market could very well be the “perfect storm” for savvy cash investors. There are great opportunities to be had here.

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