Real Estate Investing in New Port Richey, Florida (34652)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34652 (New Port Richey, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.9% of homes vacant — above national norms.
What’s happening in New Port Richey, FL (34652)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34652 New Port Richey
Not every below-median market is a bargain. New Port Richey's 34652 ZIP shows signals that favor experienced operators who can absorb the risk $218K pricing implies.
Rent of $1,649/mo on a $218K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 34652 sits below the stated 0.0% once reality is priced in.
The gap between 34652 and stronger New Port Richey ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 34652 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at New Port Richey's stable or hybrid ZIPs before stepping into 34652. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Port Richey:
Property Strategy for 34652
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $78,410 | $1,420 | 13.0% | +6.7% | $78,410 |
| 2BR | $183,571 | $1,660 | 6.5% | +8.3% | $91,786 |
| 3BR | $274,750 | $2,120 | 5.6% | +7.1% | $91,583 |
| 4BR | $559,434 | $2,580 | 3.3% | +8.3% | $139,859 |
| 5BR | $833,861 | — | — | +9.4% | $166,772 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34652 Compare?
| Metric | 34652 | New Port Richey | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $218,458 | $291,619 | N/A | $374,697 |
| 5-Year CAGR | 4.1% | 4.2% | N/A | 7.4% |
| Avg Rent | $1,649 | $1,785 | N/A | - |
| Cap Rate | 5.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34652 (New Port Richey, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 34652 (New Port Richey, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Pasco County
Manage rentals here? List your business →Dennis Property Management offers rental agency and management services in the Tampa Bay area, including multi-family management, investor packages, and resources for homeowners and tenants. summary from their website
Jerome Property Management LLC offers property management services. summary from their website
Paragon Property Services, LLC offers full-service home inspection services in Central Florida, including Lake, Sumter, Seminole, Orange, Osceola, Polk, Pasco, Hernando, Hillsborough, Volusia, and Cit summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $218,458 |
| Monthly Rent | $1,649 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -3.1% ▼ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 34652
Population: 25,900
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 34652
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
COTEE RIVER ELEMENTARY SCHOOL
DEER PARK ELEMENTARY SCHOOL
PEPIN ACADEMIES OF PASCO COUNTY
CALUSA ELEMENTARY SCHOOL
GULF MIDDLE SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,108 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in New Port Richey, FL?
The median home value in New Port Richey, FL is roughly $218K. That puts it reasonable relative to the FL statewide average.
Is New Port Richey, FL landlord-friendly?
FL ranks as a landlord-friendly state for landlord-tenant law. New Port Richey generally follows the statewide framework, so landlords face reasonable operating rules.
Are renters plentiful in New Port Richey, FL?
New Port Richey, FL draws a consistent base of working renters. Demand at the $1,649/mo rent level is reasonable for standard single-family and small multi rentals.
Does a duplex house hack pencil in New Port Richey, FL?
For house hackers, New Port Richey, FL is a challenging. The $1,649/mo rent on a unit helps defray the mortgage on a $218K property.
Should investors worry about vacancy in New Port Richey, FL?
New Port Richey, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
You know 34652 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34652 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 34652 ranks in Tampa-St. Petersburg-Clearwater, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 34652 (New Port Richey)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 34652 (New Port Richey, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.