Rent to own Homes in Port Charlotte, FL
Rent well and prosper! Port Charlotte was recently voted one of the country's top places to retire by U.S. News & World Report. The average household income has increased by 32% since 2009, and a healthy 20% of residents choose to rent.
Port Charlotte, FL is a great place for affordable rent-to-own homes! With a median household income of over $50,255 and a median rent of $1,040, the Port Charlotte, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Port Charlotte, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Port Charlotte, FL Property Resources
Rent to own Homes in Cities Near Port Charlotte, FL
- Arcadia
- Bokeelia
- Burnt Store Marina
- Cape Coral
- Charlotte Harbor
- Charlotte Park
- Cleveland
- Englewood
- Grove City
- Harbour Heights
- Limestone
- Manasota Key
- Myakka City
- North Fort Myers
- North Port
- Old Miakka
- Palmona Park
- Pine Island Center
- Pineland
- Placida
- Port Charlotte
- Punta Gorda
- Rotonda
- Rotonda West
- Solana
- Southeast Arcadia
- South Venice
- Suncoast Estates
- Venice
- Venice Gardens
- Warm Mineral Springs
Buying a Home in Port Charlotte, FL
Port Charlotte, FL is seeing rapid growth and Port Charlotte, FL's' housing market remains optimal with an average home price that is -18% below the 2024 national average. Port Charlotte, FL is part of Charlotte county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Charlotte is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Port Charlotte, FL
Median Rent in Port Charlotte, FL
Top Reasons to Live in Port Charlotte
Even the food is healthy! The Port Charlotte Farmer's Market held every Friday is where you can find locally-grown produce such as zucchini, pineapples, oranges and more. Enjoy live entertainment while you shop by local bands like 4Ever Erin and Steely Pan.
Enjoy a booming economy! According to the Sarasota Herald-Tribune, Port Charlotte's unemployment rate is decreasing, meaning more jobs for everyone. Future job growth is expected to be 28.08% over the next 10 years.
The history is fascinating! The first residents of Port Charlotte were paleo-Indians who hunted wooly mammoth just before the last Ice Age. This was when Port Charlotte was located further inland. After the sea levels rose came the Shell People, who were eventually wiped out by invading Spaniards. Finally, the Seminole Indians made their way Eastward and populated the area.
The taxes are manageable! The real estate taxes paid on homes with mortgages were just $1,496 in 2011, while property owners with paid mortgages were just $1,573. The sales tax everywhere in Florida is currently 6%.
Sports is alive! The Charlotte Stone Crabs are based in Port Charlotte. They are a minor league baseball team and are considered a feeder team for the Tampa Bay Rays. Fans can watch them play at Charlotte Sports Park, which also serves as the Tampa Bay Rays spring training location.
Make plenty of income! Median income in Port Charlotte is $116, 167 as of 2011. When you compare that to the median gross rent of only $945, that's a lot of discretionary spending money left over for recreation, savings and education costs. Because of that, lots of Port Charlotte residents choose the rent to own option for housing.
A strong real estate market! Home sales in Port Charlotte have been rising steadily since 2009, from less than 800 sales a year to more than 1,000 in 2013. That translates to plenty of houses to choose from on the market. Try rent to own homes or rent to own houses to find a house to buy with no money down.
Temperate climate! Port Charlotte has a warm, humid subtropical climate, and winters are mild. Residents celebrate the enjoyable climate with trips to Port Charlotte Beach Park and Kiwanis Park.
Spend your money here! There's plenty of shopping to do at the Port Charlotte Town Center, where one of the largest food courts is serving up delectable delights from around the world. Shop at Family Fusion, Aeropostale or Yankee Candles for all your gift-giving needs.
Different house styles! Architects like Thomas A. Huff and Bernard Rown design and build homes in Port Charlotte with backyard swimming pools and cages, architectural elements like arched doorways, and more.