Fort Myers, FL—33901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Myers, FL
As of Oct '25, the median home price in Fort Myers, FL is $257,000, with a year-over-year change of -12.6%. This indicates that home prices in Fort Myers, FL are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | -12.6% |
| Single Family | $278,000 | -12.0% |
| Condos | $157,000 | -19.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $114,000 | -18.6% |
2 Bed | $176,000 | -15.4% |
3 Bed | $306,000 | -12.1% |
4 Bed | $506,000 | -9.0% |
| 5 Bed | $879,000 | -7.9% |
% of Housing Stock
Rental Trends — Fort Myers, FL
As of July '25, Rentcast reports the average rent in Fort Myers, FL is $1,730, with a year-over-year rent change of -19.2%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is studios: $1,140, 1-bedrooms: $1,320, 2-bedrooms: $1,640, 3-bedrooms: $2,630, 4-bedrooms: $2,820. The most common rental property sizes in Fort Myers, FL are 2-bedroom and 1-bedroom, accounting for 43.5% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,730 |
| Studio Rent | $1,100 | $1,140 |
| 1 Bed Rent | $1,250 | $1,320 |
| 2 Bed Rent | $1,400 | $1,640 |
| 3 Bed Rent | $2,000 | $2,630 |
| 4 Bed Rent | $2,650 | $2,820 |
% of Rental Stock
Property Listings — Fort Myers, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Myers, FL is 111. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -22.0% |
Listing Count | 228 | 10.0% |
| Listings as % of Homes | 0.9% | 10.0% |
Days on Market | 111 | 37.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 24,400, which has increased by 16.5% over the past 5 years. Fort Myers, FL is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,400 | 16.5% |
% Under 18 | 20.5% | 15.2% |
% Seniors | 20.7% | -4.2% |
% WFH | 13.9% | 256.4% |
% w/ College Degree | 29.3% | 14.0% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly white area, with 50.2% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 22.8% of the population. Foreign-born residents account for 22.2% of the population in Fort Myers, FL, and this percentage has increased by 15.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.2% | -6.7% |
% Black | 21.9% | -1.8% |
% Hispanic | 22.8% | 21.9% |
% Asian | 1.3% | -40.9% |
% Foreign Born | 22.2% | 15.6% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 290 mortgage originations in Fort Myers, FL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Fort Myers, FL. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 290 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Fort Myers, FL
As of 2024, the percent of homes in Fort Myers, FL under the Section 8 program is 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Myers, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 812 |
Total Units Section 8 | 621 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 75.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,250 | $1,320 |
| 2 Bedroom | $230 | $1,400 | $1,630 |
| 3 Bedroom | $140 | $2,000 | $2,140 |
| 4 Bedroom | -$270 | $2,650 | $2,380 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $257,000 |
| Median Household Income | $51,600 |