Fort Myers, FL—33967
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 $358,000, with a year-over-year change of -8.0%. This indicates that home prices in Fort Myers, FL are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $358,000 | -8.0% |
| Single Family | $363,000 | -8.1% |
| Condos | $237,000 | -15.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | -11.0% |
3 Bed | $359,000 | -8.2% |
4 Bed | $465,000 | -8.1% |
| 5 Bed | $643,000 | -6.4% |
% of Housing Stock
Rental Trends — Fort Myers, FL
As of July '25, Rentcast reports the average rent in Fort Myers, FL is $2,470, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Fort Myers, FL is 1-bedrooms: $1,440, 2-bedrooms: $1,990, 3-bedrooms: $2,550, 4-bedrooms: $2,880. The most common rental property sizes in Fort Myers, FL are 3-bedroom and 2-bedroom, accounting for 42.3% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,800 | $1,990 |
| 3 Bed Rent | $2,450 | $2,550 |
| 4 Bed Rent | $3,000 | $2,880 |
% 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 66. This is a increase of 6.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | -16.0% |
Listing Count | 187 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 66 | 6.0% |
Demographics — Fort Myers, FL
As of the latest ACS Survey released in 2023, Fort Myers, FL has a population of 27,300, which has increased by 9.2% over the past 5 years. Fort Myers, FL is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 36.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | 9.2% |
% Under 18 | 21.6% | 8.0% |
% Seniors | 17.3% | 32.1% |
% WFH | 11.7% | 216.2% |
% w/ College Degree | 36.3% | 24.7% |
As of the latest ACS Survey released in 2023, Fort Myers, FL is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Fort Myers, FL is hispanic, making up 23.1% of the population. Foreign-born residents account for 14.4% of the population in Fort Myers, FL, and this percentage has decreased by 5.3% 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 | 66.7% | -5.3% |
% Black | 2.6% | -7.1% |
% Hispanic | 23.1% | 4.1% |
% Asian | 2.9% | 31.8% |
% Foreign Born | 14.4% | -5.3% |
Mortgage and Risk — Fort Myers, FL
According to HUD data as of 2023, there were 500 mortgage originations in Fort Myers, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 500 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
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 0.1%. 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 | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,400 | $1,650 |
| 2 Bedroom | $240 | $1,800 | $2,040 |
| 3 Bedroom | $230 | $2,450 | $2,680 |
| 4 Bedroom | -$20 | $3,000 | $2,980 |
Affordability — Fort Myers, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $358,000 |
| Median Household Income | $84,800 |