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Punta Rassa

Learn about the people, housing, costs and businesses in Punta Rassa, Florida

Median Home$477,000
Median Rent$3,258/month
Population1,435
Leading IndustriesTransportation · Professional Services · Retail3% transportation
Home Value Growth+10.0% over 2 years
Retirees30% of residentswell above average
Renters74% of occupied units
NotableHighly Educated30% bachelor's · 12% graduate · top 9% nationally
Punta Rassa
FL

Frequently Asked Questions

What are today's mortgage rates in Punta Rassa?

As of today, the 30-year fixed mortgage rate for Punta Rassa is approximately 6.864% (6.899% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Punta Rassa?

The median home value in Punta Rassa is $477k. The median monthly rent is $3,258. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Punta Rassa?

Home values in Punta Rassa have increased 10.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Punta Rassa?

Based on a typical all-in ownership cost of $2,877/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $123k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Punta Rassa is $62k/year.

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What industries drive the economy in Punta Rassa?

The largest employment sectors in Punta Rassa are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.