How much is a home worth in ZIP code 33948?

The typical home in 33948 is worth $264,029, based on the Zillow Home Value Index.

Are home values rising in 33948?

Home values in 33948 are down 9.5% over the past year, and up 2.7% a year over five years.

What is the typical rent in 33948?

A typical home in 33948 rents for about $1,956 a month, a gross rental yield of 8.9%.

What is the property tax rate in 33948?

The effective property tax rate in 33948 is 0.7% — roughly $1,973 a year on a typical home.

ZIP code 33948 has a population of 18,696 and a median household income of $62,744.

HousingHandbookReference data

…

U.S. ZIP Code · FL33948

Charlotte County · Punta Gorda, FL

Typical home value

$264,029^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -9.5%
5-year / yr: +2.7%
10-year / yr: +5.4%

Relative price

vs U.S.: -7.1%
vs metro: -15.0%
vs state: -23.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33948 is worth $264,029 — 15.0% below the Punta Gorda, FL median. Over the past year, values have fallen 9.5%. Homes here rent for a typical $1,956 a month — a 8.9% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,956^[2]
Gross yield: 8.9%^[2]
Cap rate: 5.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,973^[3]

#Climate risk

FEMA National Risk Index ratings for Charlotte County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively High
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Very High
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 18,696^[3]
Median household income: $62,744^[3]

#Migration

Household moves in and out of Charlotte County over a year, from IRS tax-return data.

Net migration: +1,867^[5]
Moved in: 9,442
Moved out: 7,575

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 1
Middle: 1
High: 3

PORT CHARLOTTE HIGH SCHOOL
High · Grades 9–12 · CHARLOTTE
1,659 students
MEADOW PARK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · CHARLOTTE
669 students
MURDOCK MIDDLE SCHOOL
Middle · Grades 6–8 · CHARLOTTE
635 students
THE ACADEMY
High · Grades 6–12 · CHARLOTTE
298 students
CHARLOTTE VIRTUAL FRANCHISE
Other · Grades K–12 · CHARLOTTE
81 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.9%

Net yield (after ~40% expenses)5.3%

Annual rent$23,471

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,335

Loan principal$211,223

Down payment$52,806

Total interest paid$269,404

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.88

Monthly cost to own$1,720

Monthly rent$1,956

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 50th percentile^[1]
Rental yield: 73rd percentile^[2]
Property tax: 8th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33948?: The typical home in 33948 is worth $264,029, based on the Zillow Home Value Index.
Are home values rising in 33948?: Home values in 33948 are down 9.5% over the past year, and up 2.7% a year over five years.
What is the typical rent in 33948?: A typical home in 33948 rents for about $1,956 a month, a gross rental yield of 8.9%.
What is the property tax rate in 33948?: The effective property tax rate in 33948 is 0.7% — roughly $1,973 a year on a typical home.
Who lives in 33948?: ZIP code 33948 has a population of 18,696 and a median household income of $62,744.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33980 vs 33948 →
Port Charlotte CDP, FL
Typical home
$252,517
Gross yield
10.3%
34224 vs 33948 →
Englewood CDP, FL
Typical home
$280,706
Gross yield
8.1%
33954
Port Charlotte CDP, FL
Typical home
$297,688
Gross yield
7.2%
33983
Harbour Heights CDP, FL
Typical home
$304,068
Gross yield
7.3%
33952
Port Charlotte CDP, FL
Typical home
$217,884
Gross yield
9.2%
33953
Port Charlotte CDP, FL
Typical home
$310,528
Gross yield
6.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 33948 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL33948

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