Fort Myers, FL—33907
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 $208,000, with a year-over-year change of -15.3%. This indicates that home prices in Fort Myers, FL are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | -15.3% |
| Single Family | $254,000 | -13.3% |
| Condos | $158,000 | -21.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $106,000 | -23.7% |
2 Bed | $163,000 | -18.9% |
3 Bed | $290,000 | -12.7% |
4 Bed | $449,000 | -10.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Myers, FL
As of July '25, Rentcast reports the average rent in Fort Myers, FL is $1,810, with a year-over-year rent change of -12.1%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is studios: $825, 1-bedrooms: $1,340, 2-bedrooms: $1,850, 3-bedrooms: $2,260, 4-bedrooms: $2,760. The most common rental property sizes in Fort Myers, FL are 2-bedroom and 1-bedroom, accounting for 53.1% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,810 |
| Studio Rent | $600 | $825 |
| 1 Bed Rent | $1,320 | $1,340 |
| 2 Bed Rent | $1,650 | $1,850 |
| 3 Bed Rent | $2,300 | $2,260 |
| 4 Bed Rent | $2,720 | $2,760 |
% 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 94. This is a increase of 21.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $214,000 | -10.0% |
Listing Count | 206 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 94 | 21.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 24,800, which has increased by 2.6% over the past 5 years. Fort Myers, FL is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | 2.6% |
% Under 18 | 17.5% | -12.1% |
% Seniors | 24.3% | 15.2% |
% WFH | 11.0% | 378.3% |
% w/ College Degree | 25.7% | -3.7% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly white area, with 52.0% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 29.8% of the population. Foreign-born residents account for 25.7% of the population in Fort Myers, FL, and this percentage has increased by 21.2% 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 | 52.0% | -8.9% |
% Black | 10.3% | -16.9% |
% Hispanic | 29.8% | -1.3% |
% Asian | 2.0% | 233.3% |
% Foreign Born | 25.7% | 21.2% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 301 mortgage originations in Fort Myers, FL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 301 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 10.0% |
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 1.5%. 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 | 97 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,320 | $1,490 |
| 2 Bedroom | $190 | $1,650 | $1,840 |
| 3 Bedroom | $120 | $2,300 | $2,420 |
| 4 Bedroom | -$30 | $2,720 | $2,690 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $208,000 |
| Median Household Income | $49,800 |