Punta Gorda, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Punta Gorda, 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

Punta Gorda Housing Market Information

With 18,150 people, 8,629 houses or apartments, and a median cost of homes of $428,911, Punta Gorda house prices are not only among the most expensive in Florida, Punta Gorda real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Punta Gorda, accounting for 58.43% of the city's housing units. Other types of housing that are prevalent in Punta Gorda include large apartment complexes or high rise apartments ( 24.89%), duplexes, homes converted to apartments or other small apartment buildings ( 9.25%), and a few row houses and other attached homes ( 4.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Punta Gorda. Owner-occupied housing accounts for 78.06% of Punta Gorda's homes, and 59.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Punta Gorda 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 Punta Gorda built between 2000 and later ( 30.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.49%). There's also some housing in Punta Gorda built before 1939 ( 1.53%).

Vacant housing appears to be an issue in Punta Gorda. Fully 26.31% of the housing stock is classified as vacant. Left unchecked, vacant Punta Gorda homes and apartments can be a drag on the real estate market, holding Punta Gorda 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.

Punta Gorda Home Appreciation Rates

Punta Gorda's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Punta Gorda during the period has been just -1.29%, which is lower than 70% of US communities.

Appreciation rates are so strong in Punta Gorda that despite a nationwide downturn in the housing market, Punta Gorda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Punta Gorda appreciation rates continue to be some of the highest in America, at 10.91%, which is higher than appreciation rates in 95.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Punta Gorda. Punta Gorda appreciation rates in the latest quarter were at 4.72%, which equates to an annual appreciation rate of 20.27%.

Importantly, this makes Punta Gorda one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Punta Gorda's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Punta Gorda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Punta Gorda - 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 Punta Gorda real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$428,911

Punta Gorda, FL HOME PRICES

Value Range
> $1,309,000 2.0
$981,001 - $1,309,000 1.4
$654,001 - $981,000 9.7
$523,001 - $654,000 10.5
$393,001 - $523,000 19.0
$262,001 - $393,000 18.1
$131,001 - $262,000 21.2
$65,001 - $131,000 12.7
$0 - $65,000 5.5

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
8.13313020039845 14.7435897435897

Number Of Homes And Apartments:
8,629

Punta Gorda 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
68.31% 3.06% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,282 / per month

Homeownership Rate

Homeownership
Owners 78.06
Renters 21.94
Vacant 26.31

Housing Market Details

 

Age of Homes

AGE OF Punta Gorda HOMES
2000 or Newer 30.9
1970 - 1999 63.1
1940 - 1969 4.5
1939 or Older 1.5

Types of Homes

TYPE OF Punta Gorda HOMES
Single-Family 58.4
Townhomes 4.8
Small Apt. Buildings 9.2
Apt. Complexes 24.9
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Punta Gorda HOMES
No Bedroom 1.32
1 Bedroom 2.53
2 Bedrooms 36.80
3 Bedrooms 53.13
4 Bedrooms 5.96
5 or more bedrooms 0.26