Florida has long been known as one of the best places to invest in real estate. With an expanding population and plenty of demand, real estate prices have been steadily rising, creating a profitable real estate investing climate.
Port Richey, Florida is one of the communities where we are finding a great deal of value for real estate investors. This Tampa Bay port city on Florida’s Gulf Coast is slowly beginning to attract investors, and will continue to do so as word spreads about the profits that can be gleaned from its real estate market.
Port Richey and Real Estate Values
There are numerous influences in and around Port Richey that have created a profitable real estate investing environment.
Port Richey borders the larger city of New Port Richey, giving residents access to the New Port Richey Public Library and the West Pasco Historical Society Museum and Library, both of which are fascinating for history buffs and residents.
Educational opportunities in Port Richey are also drawing families, and older adults wanting to be near their children and grandchildren, to the city. Several high schools in the area, including Gulf High School, Ridgewood High School, River Ridge High School, and J. W. Mitchell High School, provide quality education for children, and provide great jobs for area residents.
And even though Port Richey is a small community, Gulf View Square Mall is just to the north and provides a place for recreation and high-end shopping.
When it comes to recreation, Port Richey is a great place to live for anyone wishing to enjoy the outdoors. Numerous local parks, including city parks as well as wildlife preserves and state parks, are a favorite for residents seeking to take advantage of the sunny weather. Other outdoor activities, including boating, fishing, kayaking, water skiing, hiking, and camping are also popular.
Perhaps most importantly, Port Richey is close to the larger cities of Tampa, Clearwater, and St. Petersburg, which means that attractions such as Busch Gardens, the Museum of Science & Industry, the Florida Aquarium, and many others are easily accessible.
Profitable Real Estate Investing in Port Richey
Real estate investing in Port Richey is profitable because home values and rents are increasing, while property prices remain relatively low. According to NerdWallet’s “Best Places to Invest in Real Estate in Florida”, Port Richey has seen a 43.89% increase in home values in the past 10 years; however, home prices are only at $47 per square foot, compared to $119 in Tampa and $283 in Miami.
Furthermore, Port Richey has a market health score of 1.09, which is very favorable (especially when compared with scores such as -1.6 in Jacksonville and 0.35 in Tallahassee). This indicates that Port Richey’s real estate investing market is still a profitable environment, and has the potential to produce real estate investment profits for years to come.
Graystone Investment Group
Graystone Investment Group is an experienced Investment Group wholesaling properties in Port Richey, Florida and all of metro Tampa Bay.
Unlike other wholesaling groups, we find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years, at no extra charge.