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Charlotte County, FL

Port Charlotte

RANK #978 / 996 NAT  ·  #41 / 41 FL  ·  POP 189,900

1YR FORECAST: -4.0%

5YR OUTLOOK: +3%

Our model projects Charlotte County's housing market at -4.0% over the next year, underperforming most U.S. counties.

[01] Why Charlotte County?

Punta Gorda, the county seat, stands out as a historic town overlooking Charlotte Harbor, featuring brick streets and restored late 19th and early 20th-century buildings. Charlotte County, located on Florida's southwestern coast, is approximately 100 miles south of Tampa and 30 miles north of Fort Myers. The community offers a relaxed, coastal atmosphere with extensive natural amenities, including 219 miles of shoreline, over 70 parks, and numerous waterways. Residents and visitors can enjoy kayaking in Charlotte Harbor, cycling on trails like the Cape Haze Pioneer Trail, or exploring environmental parks such as Cedar Point Environmental Park, which features mangrove forests and salt marshes.

Life in Charlotte County is characterized by its outdoor focus and a blend of demographics, including retirees and families. The public school system, Charlotte County Public Schools, serves areas like Port Charlotte, Punta Gorda, and Englewood, with top-ranked schools including Florida Southwestern Collegiate High School. While public transportation is available as a shared-ride, curb-to-curb service, many residents rely on personal vehicles for commuting. The local economy is experiencing growth, with recent developments in industrial and logistics sectors, particularly around the Punta Gorda Airport. Healthcare, retail, construction, and hospitality also contribute to the economic landscape.

[02] Market Snapshot

Housing Ratio
6.7x

Above national median (4.7x)

GDP Growth
+5.2%

Well above national median

Home Prices
-12.1%

Prices declining

Climate & Terrain
5.1

Favorable climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 6.7x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Walmart Associates, Inc. Retail
    1,000+
  2. 2
    Peace River Regional Medical Center Healthcare
  3. 3
    Charlotte Regional Medical Center Healthcare
    500+
  4. 4
    Publix Supermarkets Retail
  5. 5
    Fawcett Memorial Hospital, Inc. Healthcare
    250+
  6. 6
    Charlotte County Government Government
  7. 7
    Charlotte County Sheriff's Office Government
  8. 8
    Charlotte State Bank & Trust Finance
  9. 9
    Sunseeker Resorts Hospitality

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Charlotte County U.S. National

The Numbers

DEMOGRAPHICS
Population
189,900
+2.74% YoY
Median Household Income
$62,164
Median Home Value
$265,800
-12.13% 12mo
Median Rent
$1,206
Average Annual Pay
$54,082
+3.2% YoY
Employment
56,024
+4.4% YoY
Income-to-Home-Value
0.2339
Near national average
Migration Inflow
3.58%
of pop. from another state
Bachelor's Degree+
25.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$320,000
Days on Market
77
Slower market
Months of Supply
6.2
Buyer's market
Sale-to-List Ratio
95.6%
Negotiation room for buyers
Sold Above List
6.8%
Listings w/ Price Drops
35.8%
Building Permits (2024)
4,585
Single-Family Permits
3,583

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
2.0
per 100K · nat avg 6.3
Firearm Fatalities
15.6
per 100K · nat avg 14.8
Injury Deaths
87.7
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$349M
TOTAL
PROJECT AMOUNT STATUS
Amazon Logistics/Distribution Center
Amazon
$100M Under Construction
Green Pasture Solar Farm
Florida Power & Light Co.
$74M Operating
FPL Babcock Ranch Solar Energy Center
Florida Power & Light Co.
$74M Operating
Boca Grande Peninsula Resort & Marina
Unknown
$50M Under Construction
Livano Charlotte Harbor (Apartment Complex)
Unknown
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +5.2% 85 percentile
Population Growth +2.7% 94 percentile
Income Growth +7.4% 24 percentile
Vacancy Rate 1.6% 18 percentile
Rent Growth -0.9% 5 percentile
Price/Rent 12x 68 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Charlotte County, FL a good place to move to?

The data is not encouraging — Charlotte County scores just 1/100 on the Boom Town Index, ranking #978 of 996 counties. Job growth at +4.4% and median household income of $62,164 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Charlotte County affordable?

Charlotte County leans toward the expensive side. A median home value of $265,800 against an income-to-home-value ratio of 0.23 means housing eats a bigger share of local earnings than the national norm. Renters face $1,206/month on average.

Is Charlotte County growing or shrinking?

Charlotte County is growing on multiple fronts. Population is up +2.7% year-over-year while employers added jobs at a +4.4% clip. Home values shifted -12.1% in the past year.

Are people moving to Charlotte County?

There's a moderate stream of newcomers. About 3.58% of residents moved from another state, which is above average and suggests Charlotte County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

Is the housing market declining in Charlotte County?

Home values fell -12.1% over the past year in Charlotte County, bringing the median down to $265,800. A drop of that magnitude usually reflects weakening demand or population outflow — worth watching if you're considering buying here.

[09] Similar Counties by Size & Score

Manatee County, FL 2 Osceola County, FL 2 Lee County, FL 2 Indian River County, FL 4 Pasco County, FL 4 Sarasota County, FL 6 Chittenden County, VT 1 Coweta County, GA 1