Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 60,625, 26,838 total housing units (homes and apartments), and a median house value of $329,963, Port Charlotte real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Port Charlotte, accounting for 84.83% of the town's housing units. Other types of housing that are prevalent in Port Charlotte include large apartment complexes or high rise apartments ( 9.97%), row houses and other attached homes ( 2.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Charlotte. Owner-occupied housing accounts for 80.48% of Port Charlotte's homes, and 59.01% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Port Charlotte 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 Port Charlotte built between 1940-1969 ( 15.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.29%).
Vacant housing appears to be an issue in Port Charlotte. Fully 14.88% of the housing stock is classified as vacant. Left unchecked, vacant Port Charlotte homes and apartments can be a drag on the real estate market, holding Port Charlotte 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.
In the last 10 years, Port Charlotte has experienced some of the highest home appreciation rates of any community in the nation. Port Charlotte real estate appreciated 183.54% over the last ten years, which is an average annual home appreciation rate of 10.98%, putting Port Charlotte in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Charlotte definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Port Charlotte appreciation rates have trailed the rest of the nation. In the last twelve months, Port Charlotte's appreciation rate has been -1.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Charlotte were at -2.19%, which equates to an annual appreciation rate of -8.47%.
Notably, Port Charlotte's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Port Charlotte's latest annual appreciation rate is lower than 90% 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 town. Individual neighborhoods within Port Charlotte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Charlotte - 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 Port Charlotte real estate investment or home purchase decisions.
$329,963
for Florida
for nation
26,838
$1,858 / per month