Port Charlotte, Florida Housing Market Prices
Port Charlotte Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% below the Florida median$273,908
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Median rent 7% below the Florida median$1,559
Housing Market Overview
| Metric | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $273,908 | $311,338 | $248,835 |
| Price Trend (Annual %) | 10.9% | 11.2% | 7.5% |
| Median Gross Rent | $1,559 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Port Charlotte is about 12% lower than in Florida. Rent is about 7% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Port Charlotte, up about 10.9% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Port Charlotte rose about 72.5% between 2015 and 2024, from $904 to $1,559. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Port Charlotte.
Buying the median-priced home in Port Charlotte costs roughly 14.6 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 Port Charlotte. The price-to-rent ratio in Florida is about 15.6.
| Metric | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $273,908 | $311,338 | $248,835 |
| Median Household Income | $63,811 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Port Charlotte rose about 329.1%, while median household income rose about 44.9% between 2009 and 2025 — 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 | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.3% | 57.7% | 58.5% |
| Rental Rate | 15.0% | 27.7% | 31.2% |
| Vacancy Rate | 14.7% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Port Charlotte has a homeownership rate of 70.3%, higher than the Florida average of 57.7%. Its housing vacancy rate is 14.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1981 | 1988 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Port Charlotte was built around 1981. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Port Charlotte, FL Housing Compared With Nearby Cities
How Port Charlotte, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Port Charlotte, FL | 57,766 | $273,908 #1/2 | $1,559 #2/2 | 82.4% #1/2 |
| North Port, FL | 83,833 | $204,299 | $1,887 | 81.7% |
Frequently Asked Questions
Common questions about the housing market in Port Charlotte, Florida.
What is the median home price in Port Charlotte, Florida?
The median home price in Port Charlotte, Florida is $273,908, lower than the Florida average of $311,338.
What is the average home price in Port Charlotte, Florida?
The typical home price in Port Charlotte, Florida, reported as the median sale price, is $273,908. 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 Port Charlotte, Florida?
The median gross rent in Port Charlotte, Florida is $1,559 per month, lower than the Florida average of $1,668.
What was the median gross rent in Port Charlotte in 2020?
In 2020, the median gross rent in Port Charlotte, Florida was $1,042 per month.
What is the price-to-rent ratio in Port Charlotte, Florida?
The price-to-rent ratio in Port Charlotte, Florida is about 14.6, meaning it would take roughly 14.6 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 Port Charlotte.
Are home prices or rent rising faster in Port Charlotte, Florida?
Both home prices and rent are rising in Port Charlotte, up about 10.9% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Port Charlotte, Florida?
70.3% of households in Port Charlotte, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Port Charlotte, Florida?
The housing vacancy rate in Port Charlotte, Florida is 14.7%, about the same as the Florida average.
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