Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,510 | $293,727 | $242,182 |
| Price Trend (Annual %) | 7.9% | 12.0% | 8.2% |
| Median Gross Rent | $1,288 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Charlotte County is about 28% lower than in Florida. Rent is about 18% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Charlotte County, up about 7.9% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Charlotte County rose about 45.5% between 2015 and 2023, from $885 to $1,288. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Charlotte County.
Buying the median-priced home in Charlotte County costs roughly 13.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Charlotte County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,510 | $293,727 | $242,182 |
| Median Household Income | $66,048 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.2 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Charlotte County rose about 125.4%, while median household income rose about 48.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 57.1% | 58.2% |
| Rental Rate | 12.8% | 27.7% | 31.3% |
| Vacancy Rate | 23.9% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Charlotte County has a homeownership rate of 63.3%, higher than the Florida average of 57.1%. Its housing vacancy rate is 23.9%, compared with 15.2% in Florida.
Housing Stock
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1993 | 1987 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Charlotte County was built around 1993. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Charlotte County, Florida.
What is the median home price in Charlotte County, Florida?
The median home price in Charlotte County, Florida is $212,510, lower than the Florida average of $293,727.
What is the average home price in Charlotte County, Florida?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Charlotte County, Florida?
The median gross rent in Charlotte County, Florida is $1,288 per month, lower than the Florida average of $1,564.
What was the median gross rent in Charlotte County in 2020?
In 2020, the median gross rent in Charlotte County, Florida was $1,040 per month.
What is the price-to-rent ratio in Charlotte County, Florida?
The price-to-rent ratio in Charlotte County, Florida is about 13.7, meaning it would take roughly 13.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Charlotte County.
Are home prices or rent rising faster in Charlotte County, Florida?
Both home prices and rent are rising in Charlotte County, up about 7.9% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Charlotte County, Florida?
63.3% of households in Charlotte County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Charlotte County, Florida?
The housing vacancy rate in Charlotte County, Florida is 23.9%, higher than the Florida average of 15.2%.