Punta Rassa, FL housing market
The median sale price was $603,000 in May 2026.
Home values, sales, trends and how Punta Rassa compares with the towns next door — updated as new data is published.
Punta Rassa at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 38% in 5 years
The federal house price index for the ZIP code around Punta Rassa rose 38% over the past 5 years, slower than across Florida (60%). Last year prices fell 12%. Carrying the Census median home value forward with that index puts the typical Punta Rassa home at roughly $856,000 today.
Show as a table
| Year | Change that year | Since 2000 | Florida since 2000 |
|---|---|---|---|
| 2025 | −12% | +171% | +264% |
| 2024 | +4.4% | +209% | +266% |
| 2023 | +4.8% | +196% | +254% |
| 2022 | +26% | +183% | +226% |
| 2021 | +15% | +125% | +163% |
| 2020 | +2.6% | +96% | +128% |
| 2019 | +2.4% | +91% | +117% |
| 2018 | +9.6% | +86% | +106% |
| 2017 | +1.4% | +70% | +90% |
| 2016 | +6.1% | +68% | +76% |
| 2015 | +16% | +58% | +61% |
| 2014 | +1.6% | +36% | +47% |
| 2013 | +13% | +34% | +34% |
| 2012 | +0.2% | +19% | +24% |
| 2011 | −2.6% | +18% | +26% |
| 2010 | −15% | +22% | +36% |
| 2009 | −15% | +42% | +50% |
| 2008 | −23% | +67% | +83% |
| 2007 | −4.9% | +116% | +117% |
| 2006 | +19% | +127% | +123% |
| 2005 | +26% | +91% | +92% |
| 2004 | +17% | +52% | +51% |
| 2003 | +6.8% | +30% | +30% |
| 2002 | +12% | +22% | +20% |
| 2001 | +9.1% | +9.1% | +9.7% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 33908, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Punta Rassa and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Punta Rassa | −12.5%† | $2,260 | $91,000 |
| Iona | −12.5%† | $2,260 | $66,827 |
† FHFA price index change, where Zillow has no home value for the town.
6.5 years of income
The typical Punta Rassa home costs about 6.5 years of the town's median household income, more than across Florida (5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,260
HUD's Fair Market Rent for a two-bedroom in Punta Rassa is $2,260 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Punta Rassa pay a median of $2,771. A two-bedroom takes about 30% of the town's median household income.
Studio $1,880 · 4 bedrooms $3,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (33908; Cape Coral-Fort Myers, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.