Fort Myers, FL—33908
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 $324,000, with a year-over-year change of -13.8%. 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 | $324,000 | -13.8% |
| Single Family | $421,000 | -11.7% |
| Condos | $259,000 | -16.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $122,000 | -17.0% |
2 Bed | $233,000 | -16.2% |
3 Bed | $388,000 | -12.6% |
4 Bed | $625,000 | -9.7% |
| 5 Bed | $794,000 | -6.8% |
% of Housing Stock
Rental Trends — Fort Myers, FL
As of July '25, Rentcast reports the average rent in Fort Myers, FL is $2,890, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is 1-bedrooms: $1,630, 2-bedrooms: $2,770, 3-bedrooms: $3,050, 4-bedrooms: $3,990. The most common rental property sizes in Fort Myers, FL are 2-bedroom and 1-bedroom, accounting for 49.5% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,630 |
| 2 Bed Rent | $2,100 | $2,770 |
| 3 Bed Rent | $2,500 | $3,050 |
| 4 Bed Rent | $3,500 | $3,990 |
% 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 117. This is a increase of 18.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | -8.0% |
Listing Count | 848 | 21.0% |
| Listings as % of Homes | 1.2% | 21.0% |
Days on Market | 117 | 18.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 38,300, which has increased by 6.2% over the past 5 years. Fort Myers, FL is a less popular place for families, as children make up 7.7% of the population. The area has a moderately educated workforce, with 44.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,300 | 6.2% |
% Under 18 | 7.7% | -21.4% |
% Seniors | 48.3% | -4.4% |
% WFH | 22.4% | 169.9% |
% w/ College Degree | 44.4% | 8.3% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly white area, with 87.7% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 6.2% of the population. Foreign-born residents account for 9.7% of the population in Fort Myers, FL, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.7% | 1.3% |
% Black | 2.7% | 50.0% |
% Hispanic | 6.2% | -28.7% |
% Asian | 1.5% | -34.8% |
% Foreign Born | 9.7% | -5.8% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 534 mortgage originations in Fort Myers, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Fort Myers, FL. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 534 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 16.0% |
% Cash Out Refinance | 5.0% |
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 2.0%. 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 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 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,500 | $1,690 |
| 2 Bedroom | -$10 | $2,100 | $2,090 |
| 3 Bedroom | $250 | $2,500 | $2,750 |
| 4 Bedroom | -$450 | $3,500 | $3,050 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $324,000 |
| Median Household Income | $74,700 |