Total monthly cost of ownership
Cost to Own a Home in Punta Gorda, Florida
A $482,000 home here costs
$3,923per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $168,000 a year.
A standard mortgage calculator would have told you $2,628. The real number is $1,295 higher every month, 49% more than the payment most buyers budget for.
Compare Charlotte County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Punta Gorda against Charlotte County and Florida
| Measure | Punta Gorda | Charlotte County |
|---|---|---|
| Median home value | $482,300 | $291,000 |
| Median property tax | $4,432 | $2,581 |
| Effective tax rate | 0.919% | 0.887% |
| Median gross rent | $1,235 | $1,289 |
| Population | 19,886 | 195,083 |
The weather behind that power bill
Punta Gorda sits in Charlotte County, which averages a high of 92.5°F in its hottest month and a low of 50.5°F in its coldest, with 52.97" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 3,772 cooling and 355 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Charlotte County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Charlotte County
Full Charlotte County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Punta Gorda averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Punta Gorda every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Punta Gorda I already own here and may sell
Common questions
How much does it cost to own a home in Punta Gorda?
A $482,000 home in Punta Gorda, Florida costs approximately $3,923 per month with 20% down at 7.24%. That is $2,628 principal and interest, $369 property tax, $291 homeowners insurance, $233 utilities and $402 set aside for maintenance.
What is the property tax rate in Punta Gorda?
Punta Gorda has an effective property tax rate of 0.919%, based on a median home value of $482,300 and median real estate taxes of $4,432. That is higher than the Charlotte County average of 0.887%.
What is the average home price in Punta Gorda?
The median owner-occupied home value in Punta Gorda, Florida is $482,300, against $291,000 across Charlotte County.
Is it cheaper to rent or buy in Punta Gorda?
Median gross rent in Punta Gorda is $1,235 a month, against $3,923 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Punta Gorda?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Punta Gorda, Florida at today's rate takes a household income of roughly $168,000 a year. That covers the full $3,923 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Punta Gorda, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.