Learn more about Homes for Sale in Port Richey FL. If you are looking for the perfect place to retire, you likely want to keep away from the hustle and bustle of a big city. Port Richey, FL is an excellent place to consider purchasing your retirement home, as it has a small town feel, a growing retirement community, and a relaxed pace of living. Most of Port Richey homes for sale are below $80,000 price range, because of prices of the home Port Richey real estate market is one of the most affordable in Central Florida.
Port Richey is a suburban city in Pasco County, Florida. It is a part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. Its population stands at 2,723 people. As this is a coastal town, you are bound to experience and enjoy the bracing sea breeze and beautiful ocean views from any of the 15 constituent neighborhoods.
This is an ideal place to purchase your home if you do not want to be overtaken by rapid growth. Although the town is growing, it is at a comfortable pace that guarantees no major changes to the neighborhoods. The median cost of a home in the city is $59,800 most of the homes being around thirty years old. Prices of homes have recently risen and the appreciation rate in the last one year has been recorded at 12.30%. This means that any purchase of a home here is an excellent investment.
55.24% of homes in Port Richey are owner occupied all year round and 26.38% are vacant. Only 18.38% of the homes have been rented. The cost of a home in this region varies so much, and it depends on the size of the home as well as the type of home that you need to buy. Studio apartments are the smallest homes you will get in the region and these will give you a return of about $636 from renters. A one bedroomed home or apartment for rent will get you about $796.
Vacant houses for sale are at 4.53%, lower than those that are available for renting. Most of the vacant houses are available for people who buy or rent for vacation purposes. The city of Port Richey is an amazing place to visit during the holidays. There are so many recreation parks and museums that you can visit while there, and some of the best beaches in Florida are just close by. Homes available for vacations vary in size too, therefore you can shop as per the size of a home that you are looking for or even as per the amount of money you want to spend on it.
Port Richey, FL Home Buying Information
- First Time Home Buyers – Are you a first home time buyer in Port Richey Florida? There are many new loan programs out there, if you have a little money there are programs out there for you! A new conventional loan program out that offer 3% down. Get more information about First Time Home Buyers Program in Port Richey.
- VA Loan Programs for Veterans – This is an awesome program for Veterans, the VA guaranteed a loan to honorable discharged Veterans. First step is to go to the nearest Port Richey Veteran Affair office to get a certificate. To see if you qualify for a VA home loan, fill out the form and receive a call from one of our preferred VA mortgage lenders.
- Port Richey FL Foreclosure Properties – If you are investor or just interested in buying Port Richey foreclosure homes for sale or Port Richey real estate for sale at below market value? Use my search page Port Richey Foreclosure homes to find out more.
If you do not mind living with different kind of people, this will be a perfect place to settle in. In Port Richey, you will find people from different parts of the world, not just Americans. This is a place with different age groups as well, not just people in a certain age set. In as much as the majority here are retirees, there is a good number of the younger people too, with 19.45% of the population being married people with children.
Economically speaking, Port Richey is a good city to consider settling in. The cost of living is rational and job opportunities are available. The unemployment rate is currently at 6.5%, which is lower than average in the country today. Job growth is at 3.13% and it is expected to go up over the years, which is a good thing to hold onto if you will need a job in the future.
As a retirement community, you will be making an excellent decision choosing a home in Port Richey. This place is also ideal for anyone else that wants to enjoy the feel of a small town and the benefits that comes with it.
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