Port Charlotte, FL is an area on the West Coast of Florida that is making waves as a top place to live in the southeast part of the United States. Recently ranked by CNN Money as the top place to retire, Port Charlotte is home to 48,000 people. These people range from retirees to families to everyone in between.
A Place For Retirees
The area has also been called one of the best places to live, when retired, on a budget by Where To Retire Magazine. "This increase in exposure to the area through these media outlets is allowing for increased speculation and the need for housing to supply the demand of both northerners looking to retire south, and Florida residents looking to make the hop over to this booming golden years town.
With an average age of 44, the town is old enough to have strong business ties and young enough to foster growth and education for the region.
The area was hit hard by Hurricane Charlie, as was much of the Central Part of Florida. Many home developments and forecasts were either halted or put on pause for months, if not years due to the devastating damage.
Now a few years after this natural disaster, Port Charlotte is back and booming, with the development of new homes, town homes, apartments and rental properties coming into town and feeding their 3% annual growth.
Compared to most of the state of Florida, which was hit hard by the housing collapse, Port Charlotte is coming back to life. Vacant land is being picked up by investors and turned over to developers for speculation and the start of development.
A Place For Fun
Port Charlotte also has some fun in them as well. With recent renovations at the newly crowned Mosaic Field at Charlotte Sports Park, the home of the Tampa Bay Rays minor league team the Port Charlotte Stone Crabs, the city features sports and family activities that is rooted in the American culture.
An Investment Opportunity
For those looking to invest in Port Charlotte Real Estate, now is a great time to get in the game. With prices still low enough to get you excited about the region, and the growth and press of the area starting to increase you are looking at an area that is ready to hit the ground running and bounce back with this economy. There are very affordable single-family homes and multi-unit housing facilities that are going to be win-win for the investor as well as the people you have the ability to bring into these places to make a living, whether they are retired or are building a family. The schools in the area are top notch with 6 elementary schools that filter in one high school.
If you are looking to add to your portfolio, or start your investing career in this down market, I would seriously consider taking a gander at the Port Charlotte area. Located just 100 miles south of Tampa and just north of growing Sarasota, you are in a great region that can only grow in leaps and bounds as Florida continues to expand and experience a population boom.