:|
:|
:|
:|
 
spacer
Housing Profile
Charlotte County, Florida
  • Population, 2015: 167140. Charlotte County ranks # 29 of Florida's 67 counties in population.
  • Households, 2015: 77358
  • Homeownership Rate, 2015: 80.2%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Charlotte County is projected to have a population of 209602, ranking it # 31 of Florida's 67 counties.

Projected Total Population, Charlotte County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Charlotte County 159978 167140 178199 187902 195901 202700 209602
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $177036. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $60738.
  • Condominium, average just value, 2016: $162953.

Home Sales Prices

  • The average sales price for a single family home was $224556 in 2016. The median sales price that year was $186500, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Charlotte County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Charlotte County Single Family Homes 78000 85000 87000 88900 97000 107000 122000 138600 167000 225000 215900 209450 156950 130000 110600 110000 119000 141000 150000 172450 186500
Charlotte County Condominiums 73000 76250 70500 76500 74500 76350 88000 109900 143950 199000 235000 288250 153000 124900 119700 90000 109900 113000 115000 132000 140500
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Charlotte County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Charlotte County 900 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Charlotte County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $606 for a studio apartment, $634 for a one-bedroom, $848 for a two-bedroom, $1169 for a three-bedroom, and $1303 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Charlotte County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Charlotte County 150 261 483 3247 4420 3630 1739 1217 15147
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 18 licensed manufactured housing parks in Charlotte with 2536 lots in 2012.
  • There are 421 licensed condominium developments in Charlotte with 13647 units in 2012. Of these, 19 properties with 300 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Charlotte County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Charlotte County Charlotte One to four-family (other than manufactured housing) 6687 5468 3345 1634 1492 1352 1415 2698 3137 3659
Charlotte County Charlotte Manufactured housing 203 112 75 38 15 18 21 45 50 61
Charlotte County Charlotte Multifamily 4 5 0 6 0 0 0 8 2 2
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

  • The Punta Gorda MSA had a foreclosure rate for 1-4 unit homes of 8.78% and a serious delinquency (90+ day) rate of 3.6% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 28173 Charlotte County households (36%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 13927 households in Charlotte County (18%) pay more than 50% of income for housing.

Households by Cost Burden, Charlotte County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 49185 14246 13927
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Charlotte County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 41813 10640 9556
Renter 7372 3606 4371
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Charlotte County and the surrounding metro area, the HUD-estimated median income for a family of four is $52400 in 2016.

Households by Income and Cost Burden, Charlotte County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 753 595 5561
30.01-50% AMI 2246 2111 3500
50.01-80% AMI 5839 4667 3019
80.01+% AMI 40347 6873 1847
Total 49185 14246 13927
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 38307 households in Charlotte County (49.5%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 34156 of elderly households in Charlotte (89.2%) own their homes.
  • 11973 elderly households (31%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Charlotte County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 26334 6382 5591
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Charlotte County was 1727 square feet.

Year Structure Built, Charlotte County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Charlotte County 25763 17902 29750 15888 7581 3298 184 593 100959 25.5 17.7 29.5 15.7 7.5 4.0
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Charlotte County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Charlotte County 773 1.1 948 1.3 1576 1.6 539 0.5
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File