Compare Punta Gorda, FL mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Punta Gorda.
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January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Punta Gorda. Understand how much you need to earn to afford a home in Punta Gorda, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Punta Gorda fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Punta Gorda is right for you.
The median home value for Punta Gorda, FL (Charlotte County) is $298,044
Based on current mortgage rates and a 10% down payment, you need to make $48,833 per year to buy the median priced home in Punta Gorda
With this income, you could qualify for a $268,240 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Punta Gorda is $1,131
The median household income for Punta Gorda, FL (Charlotte County) is $59,072
Based on this income, you can afford a home valued at approximately $360,533
The home price you can afford to buy based on household income in Punta Gorda is 121% of the median home value which means housing prices are average. Punta Gorda (Charlotte County) ranks 56 out of 67 counties in Florida and 2,881 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Punta Gorda, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Punta Gorda (Charlotte County) below.
Conforming loan limits for Punta Gorda, FL
FHA loan limits for Punta Gorda, FL