Department of Numbers

Punta Gorda, Florida Home Affordability

The data below measures home affordability for the Punta Gorda, Florida metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Punta Gorda home affordability to other cities.

Punta Gorda, Florida Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Punta Gorda HPI series. Median household income data for Punta Gorda is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Punta Gorda, Florida Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 107.7
September 2011 105.0
June 2011 100.5
March 2011 107.5
December 2010 113.9
September 2010 114.9
June 2010 116.6
March 2010 120.3
December 2009 123.3

Punta Gorda, Florida Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Punta Gorda median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Punta Gorda, Florida Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 87.5
September 2011 85.2
June 2011 81.5
March 2011 87.3
December 2010 92.5
September 2010 93.3
June 2010 94.7
March 2010 97.7
December 2009 102.1

Punta Gorda, Florida Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Punta Gorda, Florida and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Punta Gorda, Florida Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $222,238
December 2011 $221,163
November 2011 $220,362
October 2011 $218,247
September 2011 $217,201
August 2011 $213,090
July 2011 $206,171
June 2011 $207,139
May 2011 $204,019
April 2011 $199,355
March 2011 $199,355
February 2011 $196,859
January 2011 $201,201

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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