Punta Gorda, FL—33983
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Punta Gorda, FL
As of Oct '25, the median home price in Punta Gorda, FL is $302,000, with a year-over-year change of -12.3%. This indicates that home prices in Punta Gorda, 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 | $302,000 | -12.3% |
| Single Family | $331,000 | -12.0% |
| Condos | $139,000 | -19.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $147,000 | -19.2% |
3 Bed | $330,000 | -12.5% |
4 Bed | $370,000 | -10.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Punta Gorda, FL
As of July '25, Rentcast reports the average rent in Punta Gorda, FL is $2,020, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Punta Gorda, FL is studios: $1,900, 1-bedrooms: $1,350, 2-bedrooms: $1,770, 3-bedrooms: $2,160, 4-bedrooms: $2,440. The most common rental property sizes in Punta Gorda, FL are 2-bedroom and 3-bedroom, accounting for 44.9% and 42.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,020 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $1,300 | $1,350 |
| 2 Bed Rent | $1,600 | $1,770 |
| 3 Bed Rent | $2,000 | $2,160 |
| 4 Bed Rent | $2,240 | $2,440 |
% of Rental Stock
Property Listings — Punta Gorda, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Punta Gorda, FL is 114. This is a increase of 27.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -4.0% |
Listing Count | 284 | 6.0% |
| Listings as % of Homes | 2.0% | 6.0% |
Days on Market | 114 | 27.0% |
Demographics — Punta Gorda, FL
As of the latest ACS Survey released in 2023, Punta Gorda, FL has a population of 18,200, which has increased by 26.4% over the past 5 years. Punta Gorda, FL is a less popular place for families, as children make up 14.6% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | 26.4% |
% Under 18 | 14.6% | -14.6% |
% Seniors | 36.4% | 5.2% |
% WFH | 12.7% | 56.8% |
% w/ College Degree | 22.5% | -11.1% |
As of the latest ACS Survey released in 2023, Punta Gorda, FL is a predominantly white area, with 78.1% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Punta Gorda, FL is hispanic, making up 9.3% of the population. Foreign-born residents account for 11.1% of the population in Punta Gorda, FL, and this percentage has decreased by 1.8% 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 | 78.1% | -3.0% |
% Black | 9.0% | 0.0% |
% Hispanic | 9.3% | 16.2% |
% Asian | 1.1% | -52.2% |
% Foreign Born | 11.1% | -1.8% |
Mortgage and Risk — Punta Gorda, FL
According to HUD data as of 2023, there were 486 mortgage originations in Punta Gorda, FL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Punta Gorda, FL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 486 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Punta Gorda, FL
As of 2024, the percent of homes in Punta Gorda, FL under the Section 8 program is 1.4%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Punta Gorda, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,300 | $1,180 |
| 2 Bedroom | -$120 | $1,600 | $1,480 |
| 3 Bedroom | $70 | $2,000 | $2,070 |
| 4 Bedroom | $40 | $2,240 | $2,280 |
Affordability — Punta Gorda, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $302,000 |
| Median Household Income | $67,700 |