Fort Myers, FL—33916
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 $215,000, with a year-over-year change of -11.1%. 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 | $215,000 | -11.1% |
| Single Family | $215,000 | -10.4% |
| Condos | $212,000 | -14.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | -13.0% |
2 Bed | $189,000 | -13.7% |
3 Bed | $221,000 | -10.9% |
4 Bed | $280,000 | -10.3% |
| 5 Bed | $307,000 | -9.2% |
% of Housing Stock
Rental Trends — Fort Myers, FL
As of July '25, Rentcast reports the average rent in Fort Myers, FL is $2,120, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is studios: $1,750, 1-bedrooms: $1,530, 2-bedrooms: $1,900, 3-bedrooms: $2,440, 4-bedrooms: $2,860. The most common rental property sizes in Fort Myers, FL are 2-bedroom and 3-bedroom, accounting for 45.2% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,120 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | $1,250 | $1,530 |
| 2 Bed Rent | $1,750 | $1,900 |
| 3 Bed Rent | $2,300 | $2,440 |
| 4 Bed Rent | $2,650 | $2,860 |
% 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 80. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $306,000 | -3.0% |
Listing Count | 238 | 5.0% |
| Listings as % of Homes | 1.4% | 5.0% |
Days on Market | 80 | -1.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 27,600, which has increased by 17.9% over the past 5 years. Fort Myers, FL is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 17.9% |
% Under 18 | 22.0% | -20.0% |
% Seniors | 12.9% | 4.0% |
% WFH | 9.4% | 394.7% |
% w/ College Degree | 21.2% | 8.2% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly black area, with 35.3% of the population identifying as black. The black population has shrunk by 18.1% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 30.2% of the population. Foreign-born residents account for 21.5% of the population in Fort Myers, FL, and this percentage has decreased by 6.9% 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 | 27.6% | 5.7% |
% Black | 35.3% | -18.1% |
% Hispanic | 30.2% | 5.6% |
% Asian | 2.2% | 2,100.0% |
% Foreign Born | 21.5% | -6.9% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 239 mortgage originations in Fort Myers, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% 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. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 239 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% 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 12.0%. 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 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,209 |
Total Units Section 8 | 895 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 77.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,250 | $1,280 |
| 2 Bedroom | -$160 | $1,750 | $1,590 |
| 3 Bedroom | -$210 | $2,300 | $2,090 |
| 4 Bedroom | -$330 | $2,650 | $2,320 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $215,000 |
| Median Household Income | $49,400 |