Port Charlotte, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Port Charlotte Neighborhoods Since 2000




Port Charlotte, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Port Charlotte Housing Market Information

With 57,254 people, 23,486 houses or apartments, and a median cost of homes of $170,932, Port Charlotte real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Port Charlotte, accounting for 84.69% of the town's housing units. Other types of housing that are prevalent in Port Charlotte include large apartment complexes or high rise apartments ( 10.00%), row houses and other attached homes ( 2.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Charlotte. Owner-occupied housing accounts for 75.15% of Port Charlotte's homes, and 58.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Port Charlotte built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Port Charlotte built between 1940-1969 ( 16.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.40%).

Vacant housing appears to be an issue in Port Charlotte. Fully 20.77% of the housing stock is classified as vacant. Left unchecked, vacant Port Charlotte homes and apartments can be a drag on the real estate market, holding Port Charlotte real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Port Charlotte Home Appreciation Rates

Homes have actually lost value in Port Charlotte over the last then years, as home values have seen a decline of 21.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Port Charlotte home appreciation rates at 4.72%, which equates to an annual appreciation rate of 20.27%.

Appreciation rates are so strong in Port Charlotte that despite a nationwide downturn in the housing market, Port Charlotte real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Charlotte appreciation rates continue to be some of the highest in America, at 13.21%, which is higher than appreciation rates in 98.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Charlotte. Port Charlotte appreciation rates in the latest quarter were at 4.72%, which equates to an annual appreciation rate of 20.27%.

Importantly, NeighborhoodScout’s exclusive research found that Port Charlotte's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Florida, our data show that Port Charlotte's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Port Charlotte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Charlotte - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Port Charlotte real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$170,932

Port Charlotte, FL HOME PRICES

Value Range
> $1,448,000 0.5
$1,086,001 - $1,448,000 0.2
$724,001 - $1,086,000 0.9
$579,001 - $724,000 0.9
$434,001 - $579,000 3.2
$290,001 - $434,000 10.0
$145,001 - $290,000 40.2
$73,001 - $145,000 32.8
$0 - $73,000 11.3

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
41.3219266377593 58.1196581196581

Number Of Homes And Apartments:
23,486

Port Charlotte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
61.38% 2.81% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,388 / per month

Homeownership Rate

Homeownership
Owners 75.15
Renters 24.85
Vacant 20.77

Housing Market Details

 

Age of Homes

AGE OF Port Charlotte HOMES
2000 or Newer 12.4
1970 - 1999 70.5
1940 - 1969 16.8
1939 or Older 0.2

Types of Homes

TYPE OF Port Charlotte HOMES
Single-Family 84.7
Townhomes 2.3
Small Apt. Buildings 2.0
Apt. Complexes 10.0
Mobile Homes 0.9
Other 0.2

Home Size

SIZE OF Port Charlotte HOMES
No Bedroom 1.22
1 Bedroom 3.90
2 Bedrooms 35.90
3 Bedrooms 52.92
4 Bedrooms 5.31
5 or more bedrooms 0.75