Port Charlotte, FL—33948
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Port Charlotte, FL
As of Oct '25, the median home price in Port Charlotte, FL is $264,000, with a year-over-year change of -11.7%. This indicates that home prices in Port Charlotte, FL are decreasing. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | -11.7% |
| Single Family | $275,000 | -11.3% |
| Condos | $139,000 | -14.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | -14.1% |
3 Bed | $291,000 | -11.3% |
4 Bed | $349,000 | -9.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Port Charlotte, FL
As of July '25, Rentcast reports the average rent in Port Charlotte, FL is $2,240, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Port Charlotte, FL is 1-bedrooms: $1,190, 2-bedrooms: $1,980, 3-bedrooms: $2,420, 4-bedrooms: $2,520. The most common rental property sizes in Port Charlotte, FL are 3-bedroom and 2-bedroom, accounting for 49.5% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,940 | $2,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,190 |
| 2 Bed Rent | $1,640 | $1,980 |
| 3 Bed Rent | $2,100 | $2,420 |
| 4 Bed Rent | $2,300 | $2,520 |
% of Rental Stock
Property Listings — Port Charlotte, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Port Charlotte, FL is 94. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -4.0% |
Listing Count | 289 | 3.0% |
| Listings as % of Homes | 1.7% | 3.0% |
Days on Market | 94 | 3.0% |
Demographics — Port Charlotte, FL
As of the latest ACS Survey released in 2023, Port Charlotte, FL has a population of 18,700, which has increased by 14.5% over the past 5 years. Port Charlotte, FL is a less popular place for families, as children make up 11.8% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 14.5% |
% Under 18 | 11.8% | -14.5% |
% Seniors | 38.5% | 12.2% |
% WFH | 18.0% | 172.7% |
% w/ College Degree | 19.9% | -2.9% |
As of the latest ACS Survey released in 2023, Port Charlotte, FL is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Port Charlotte, FL is black, making up 7.0% of the population. Foreign-born residents account for 10.8% of the population in Port Charlotte, FL, and this percentage has decreased by 16.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.8% | -1.7% |
% Black | 7.0% | -2.8% |
% Hispanic | 6.6% | -25.8% |
% Asian | 2.2% | 57.1% |
% Foreign Born | 10.8% | -16.3% |
Mortgage and Risk — Port Charlotte, FL
According to HUD data as of 2023, there were 348 mortgage originations in Port Charlotte, FL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Port Charlotte, FL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 348 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Port Charlotte, FL
As of 2024, the percent of homes in Port Charlotte, FL under the Section 8 program is 3.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Port Charlotte, FL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,100 | $1,220 |
| 2 Bedroom | -$100 | $1,640 | $1,540 |
| 3 Bedroom | $60 | $2,100 | $2,160 |
| 4 Bedroom | $70 | $2,300 | $2,370 |
Affordability — Port Charlotte, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $264,000 |
| Median Household Income | $60,800 |