Punta Gorda, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Punta Gorda, FL Real Estate Data


Punta Gorda Housing Market Information

With 18,150 people, 8,495 houses or apartments, and a median cost of homes of $327,421, real estate costs in Punta Gorda are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Punta Gorda, accounting for 60.01% of the city's housing units. Other types of housing that are prevalent in Punta Gorda include large apartment complexes or high rise apartments ( 24.96%), duplexes, homes converted to apartments or other small apartment buildings ( 8.20%), and a few row houses and other attached homes ( 3.75%).

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 78.21% of Punta Gorda's homes, and 59.82% 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 ( 30.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.06%). There's also some housing in Punta Gorda built before 1939 ( 1.56%).

Vacant housing appears to be an issue in Punta Gorda. Fully 27.55% 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

Homes have actually lost value in Punta Gorda over the last then years, as home values have seen a decline of 19.23% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Punta Gorda home appreciation rates at 3.34%, which equates to an annual appreciation rate of 14.04%.

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 12.35%, which is higher than appreciation rates in 99.62% 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 3.34%, which equates to an annual appreciation rate of 14.04%.

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 80% 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:
$327,421

Punta Gorda, FL HOME PRICES

Value Range
> $1,305,000 1.2
$979,001 - $1,305,000 1.7
$653,001 - $979,000 8.7
$522,001 - $653,000 8.4
$392,001 - $522,000 21.6
$261,001 - $392,000 17.9
$131,001 - $261,000 22.1
$65,001 - $131,000 12.3
$0 - $65,000 6.3

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.2940797563975 25.2136752136752

Number Of Homes And Apartments:
8,495

Rent & Ownership

 

Average Market Rent:
$1,268 / per month

Homeownership Rate

Homeownership
Owners 78.21
Renters 21.79
Vacant 27.55

Housing Market Details

 

Age of Homes

AGE OF Punta Gorda HOMES
2000 or Newer 30.3
1970 - 1999 62.1
1940 - 1969 6.1
1939 or Older 1.6

Types of Homes

TYPE OF Punta Gorda HOMES
Single-Family 60.0
Townhomes 3.8
Small Apt. Buildings 8.2
Apt. Complexes 25.0
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Punta Gorda HOMES
No Bedroom 0.84
1 Bedroom 2.03
2 Bedrooms 36.98
3 Bedrooms 53.56
4 Bedrooms 6.27
5 or more bedrooms 0.33

Punta Gorda Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
66.59% 3.05% 5 8
* 10 is highest