Real Estate Investing in New Port Richey, Florida (34655)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34655 (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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
What’s happening in New Port Richey, FL (34655)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34655 New Port Richey
The 34655 ZIP covers a section of New Port Richey that demands careful diligence. Prices near $379K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 34655 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within FL, ZIP 34655 trails on several market indicators that neighboring Pasco County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Demographically, 34655 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. significant returns are possible in 34655, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New Port Richey:
Property Strategy for 34655
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,927 | $2,220 | 7.0% | +8.0% | $113,963 |
| 3BR | $385,169 | $2,840 | 5.3% | +7.8% | $128,390 |
| 4BR | $522,299 | $3,460 | 4.8% | +8.4% | $130,575 |
| 5BR | $622,714 | — | — | +8.7% | $124,543 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34655 Compare?
| Metric | 34655 | New Port Richey | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $379,150 | $291,619 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 4.2% | N/A | 7.4% |
| Avg Rent | $1,951 | $1,785 | N/A | - |
| Cap Rate | 4.0% | 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 34655 (New Port Richey, FL). Anonymous, moderated, never written by AI.
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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 | $379,150 |
| Monthly Rent | $1,951 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 34655
Population: 47,696
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 34655
Schools in This ZIP Code
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
How does New Port Richey, FL stack up for property investment?
Yes - New Port Richey, FL a 3.0/5 investability score. With $379K home prices against $1,951/mo monthly rent, the market delivers a reasonable entry point for new investors.
How qualified is the tenant pool in New Port Richey, FL?
Expect a solid tenant pool in New Port Richey, FL. The rental market absorbs $1,951/mo rents without meaningful friction.
How much is rent in New Port Richey, FL?
New Port Richey, FL rentals go for roughly $1,951/mo a month. That puts gross yield in solid territory relative to $379K acquisition costs.
Does a duplex house hack pencil in New Port Richey, FL?
The a challenging house-hack environment in New Port Richey, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors worry about vacancy in New Port Richey, FL?
Vacancy in New Port Richey, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,951/mo.
You know 34655 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34655 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 34655 ranks in Tampa-St. Petersburg-Clearwater, FL
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