Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$298,912−3.3% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$64,798About 0.9× the local median income ($72,816): affordable for a typical household
Days on market80 daysFaster than a year ago: sellers have the edge
Next 12 months−1.8%Zillow expects prices to dip slightly
The typical home in Punta Gorda, FL is worth $298,912, down 3.3% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $312,543, so the area is 4.4% undervalued. It is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are down 20% from a year ago, 19% of listings have had a price cut. Zillow expects prices to fall about 1.8% over the next year. A household needs about $64,798 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,816. Typical rent is $1,851 a month, or $2,089 for a house. In the latest IRS figures, 3,727 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$298,912
Change in 1 year
−3.3%
Overvalued %
−4.4%
Show 7 more
Fair home value
$312,543
Change in 5 years
−1.4%
Zillow forecast, next 12 months
−1.8%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,620
Income needed to afford it
$64,798
Property tax rate
0.85%
Rent and investing
Typical rent
$1,851
Typical rent for houses
$2,089
Price-to-rent ratio
13.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,575
Gross rental yield
7.43%
Cap rate (estimate)
4.83%
Market activity
Listings vs a year ago
−19.5%
Days on market
80
Listings with a price cut
18.7%
Show 3 more
Homes for sale
2,856
Pending sales per 100 listings
23
Asking price per sq ft
$214
People and jobs
Median household income
$72,816
Population change (1 year)
+2.7%
Unemployment rate
5.4%
Show 4 more
Population
217,212
Income adjusted for cost of living
$72,454
Net moves in (IRS)
+3,727
Cost of living (US = 100)
100.5
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
95.2
Flood risk score
90.4
Show 3 more
Wildfire risk score
92.5
Walkability (1 to 20)
7.2
Road, rail and air noise
54 dB
Questions people ask
Is Punta Gorda, FL overvalued?
Home prices in Punta Gorda, FL are slightly below what local incomes have historically supported: fair value is about $312,543, so the area is 4.4% undervalued.
Is Punta Gorda, FL a buyer's or seller's market?
Punta Gorda, FL is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are down 20% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Punta Gorda, FL?
Home values in Punta Gorda, FL are down 3.3% over the last year. Zillow's forecast for the next 12 months is −1.8%.
How much do you need to earn to buy a home in Punta Gorda, FL?
A household needs about $64,798 a year to afford the typical home in Punta Gorda, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,816.