New Port Richey, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the New Port Richey, Florida rental market.
New Port Richey, Florida
Average Apartment Rent
$1,343
Y-o-Y Change in Average
Apartment Rent
-7.3%
As of November 2024
Compared to a year ago, New Port Richey, Florida apartments have recorded a -7.3% rent decrease.
New Port Richey, Florida Average apartment rent trend
New Port Richey, Florida Average Apartment Rent
New Port Richey, Florida Apartment rent ranges
At 66.08%, apartments priced $1,000 - $1,500 represent the bulk of New Port Richey, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 10.56%.
New Port Richey, Florida Housing tenure**
Renters take up 43% of New Port Richey, Florida real estate, occupying a total of 3,278 units, while homeowners live in 4,380 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$33,134
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
5.9%
New Port Richey, Florida Renter-occupied housing units by no. of bedrooms**
There are 2,069 rentals in New Port Richey, Florida with 2 beds making up the highest share of the market, at 63%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 41 units. Overall, the median number of rooms in New Port Richey, Florida homes for rent is 4.2.
New Port Richey, Florida Renter-occupied units by age of householder**
Most condos for rent in New Port Richey, Florida are occupied by residents in the 65 - 74 years age group (20%), followed by those in the 25 - 34 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
New Port Richey, Florida Renter-occupied housing units by family type**
New Port Richey, Florida Renter-occupied housing units by the presence of own children**
A total of 1,673 apartments for rent in New Port Richey, Florida, or 51% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 858 units. All in all, the median size of a renter-occupied household in New Port Richey, Florida is 2.24.
New Port Richey, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 8% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in New Port Richey, Florida.
New Port Richey, Florida Renter-occupied units by year structure built**
The highest share of New Port Richey, Florida apartment rentals, namely 30% or 986 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (29%, 954 units), and the ones Built 1990 - 1999 (10%, 327 units).
New Port Richey, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most New Port Richey, Florida renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their New Port Richey, Florida condos for rent is 2017.
New Port Richey, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 54% of New Port Richey, Florida renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 17% have No vehicle available.
New Port Richey, Florida Means of transportation to work of householders living in renter-occupied housing units**
New Port Richey, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all New Port Richey, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
