Fort Myers, FL—33966
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 $333,000, with a year-over-year change of -10.0%. 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 | $333,000 | -10.0% |
| Single Family | $402,000 | -9.5% |
| Condos | $256,000 | -12.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | -11.7% |
3 Bed | $390,000 | -8.9% |
4 Bed | $547,000 | -6.0% |
| 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 $2,280, with a year-over-year rent change of -17.4%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is studios: $1,350, 1-bedrooms: $1,520, 2-bedrooms: $2,270, 3-bedrooms: $2,240, 4-bedrooms: $5,080. The most common rental property sizes in Fort Myers, FL are 2-bedroom and 1-bedroom, accounting for 47.2% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,280 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,560 | $1,520 |
| 2 Bed Rent | $1,650 | $2,270 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $3,700 | $5,080 |
% 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 72. This is a increase of 7.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $328,000 | -13.0% |
Listing Count | 153 | -2.0% |
| Listings as % of Homes | 1.1% | -2.0% |
Days on Market | 72 | 7.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 11,900, which has increased by 16.8% over the past 5 years. Fort Myers, FL is a moderately popular place for families, as children make up 17.9% 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 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 16.8% |
% Under 18 | 17.9% | 15.5% |
% Seniors | 26.8% | -14.4% |
% WFH | 12.4% | 110.2% |
% w/ College Degree | 44.4% | 3.0% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 11.8% of the population. Foreign-born residents account for 13.0% of the population in Fort Myers, FL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.2% | -12.0% |
% Black | 7.4% | 138.7% |
% Hispanic | 11.8% | -8.5% |
% Asian | 3.7% | 105.6% |
% Foreign Born | 13.0% | 0.0% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 288 mortgage originations in Fort Myers, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Fort Myers, FL. Investor activity is low, as 1.0% 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 | 288 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 10.0% |
% 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 6.6%. 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. 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 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 133 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,560 | $1,540 |
| 2 Bedroom | $260 | $1,650 | $1,910 |
| 3 Bedroom | $310 | $2,200 | $2,510 |
| 4 Bedroom | -$910 | $3,700 | $2,790 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $333,000 |
| Median Household Income | $86,800 |