Fort Myers, FL—33905
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 $283,000, with a year-over-year change of -9.7%. This indicates that home prices in Fort Myers, FL are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | -9.7% |
| Single Family | $294,000 | -9.3% |
| Condos | $171,000 | -11.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | -9.9% |
2 Bed | $176,000 | -11.1% |
3 Bed | $288,000 | -10.0% |
4 Bed | $390,000 | -8.9% |
| 5 Bed | $505,000 | -7.3% |
% of Housing Stock
Rental Trends — Fort Myers, FL
As of July '25, Rentcast reports the average rent in Fort Myers, FL is $2,350, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is studios: $1,420, 1-bedrooms: $1,320, 2-bedrooms: $1,850, 3-bedrooms: $2,540, 4-bedrooms: $2,600. The most common rental property sizes in Fort Myers, FL are 2-bedroom and 3-bedroom, accounting for 43.5% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,350 |
| Studio Rent | $1,260 | $1,420 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,500 | $1,850 |
| 3 Bed Rent | $2,100 | $2,540 |
| 4 Bed Rent | $2,500 | $2,600 |
% 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 87. This is a increase of 14.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -8.0% |
Listing Count | 400 | 36.0% |
| Listings as % of Homes | 1.1% | 36.0% |
Days on Market | 87 | 14.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 40,900, which has increased by 10.3% over the past 5 years. Fort Myers, FL is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,900 | 10.3% |
% Under 18 | 20.3% | 0.0% |
% Seniors | 20.8% | 18.9% |
% WFH | 13.1% | 297.0% |
% w/ College Degree | 21.6% | 22.7% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly white area, with 53.3% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 33.6% of the population. Foreign-born residents account for 19.9% of the population in Fort Myers, FL, and this percentage has increased by 4.2% 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 | 53.3% | -9.5% |
% Black | 9.0% | 26.8% |
% Hispanic | 33.6% | 8.0% |
% Asian | 1.8% | -14.3% |
% Foreign Born | 19.9% | 4.2% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 921 mortgage originations in Fort Myers, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Fort Myers, FL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 921 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 7.0% |
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 4.6%. 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. In Fort Myers, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 325 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 84.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,300 | $1,470 |
| 2 Bedroom | $320 | $1,500 | $1,820 |
| 3 Bedroom | $290 | $2,100 | $2,390 |
| 4 Bedroom | $160 | $2,500 | $2,660 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $283,000 |
| Median Household Income | $70,000 |