The typical owner-occupied home in New Port Richey is worth about $183,100, 49% below the Florida median of $359,000 and 45% below the national median of $332,700. Owners pay a median $1,308 a year in property taxes, about 0.71% of their home's value, lower than the Florida rate of 0.76%. The median household earns $47,606 a year, so the median home costs 3.8 times the median income (4.8 times for Florida). 57% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
New Port Richey at a glance
| New Port Richey | Florida | U.S. | |
|---|---|---|---|
| Median home value | $183,100 | $359,000 | $332,700 |
| Median property tax paid per year | $1,308 | $2,730 | $3,119 |
| Property tax as a share of value | 0.71% | 0.76% | 0.94% |
| Median household income | $47,606 | $74,568 | $80,734 |
| Homes lived in by their owners | 57% | 68% | 65% |
| Owner homes with a mortgage | 49% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,396 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 23.6% | 21.0% |
| Median rent | $1,193 | $1,669 | $1,413 |
| Rent as a share of renters' income | 31.2% | 35.2% | 30.6% |
| Median year homes were built | 1980 | 1988 | 1980 |
| Vacant homes | 13.8% | 14.7% | 10.1% |
| Population | 17,425 | 22,416,077 | 334,922,499 |
What a typical home costs per month in New Port Richey
At this week's average 30-year rate of 7.11%, buying the median New Port Richey home of $183,100 with 20% down costs about $1,170 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,475, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $50,143 for the 20%-down payment. That payment is 29% of the median New Port Richey household income of $47,606; at that income and 20% down, the 28% guideline points to a home of about $174,000.
The median rent here is $1,193 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $36,620 |
|---|---|
| Loan amount | $146,480 |
| Principal and interest | $985 |
| Property taxes (0.71% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| PMI | $0 |
| Total per month | $1,170 |
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| Down payment | $6,408 |
|---|---|
| Loan amount | $179,784 |
| Principal and interest | $1,209 |
| Property taxes (0.71% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| FHA mortgage insurance | $81 |
| Total per month | $1,475 |
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Questions about home buying in New Port Richey
What is the median home value in New Port Richey?
About $183,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Port Richey?
Homeowners pay a median $1,308 a year, which is about 0.71% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in New Port Richey?
For the median home with 20% down at 7.11%, the payment is about $1,170 a month. Keeping that under 28% of gross income takes about $50,143 a year.
More about New Port Richey
- Mortgage Refinance in New Port Richey
- Debt Relief in New Port Richey
- Home Equity Loans in New Port Richey
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data