Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,664, 2,879 total housing units (homes and apartments), and a median house value of $763,886, Fort Myers Beach house prices are not only among the most expensive in Florida, Fort Myers Beach real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Fort Myers Beach, accounting for 58.44% of the town's housing units. Other types of housing that are prevalent in Fort Myers Beach include single-family detached homes ( 30.81%), duplexes, homes converted to apartments or other small apartment buildings ( 7.57%), and a few row houses and other attached homes ( 2.12%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Dwellings in Fort Myers Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 70.26% of the homes in Fort Myers Beach have two or fewer bedrooms.
There is a lot of housing in Fort Myers Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Myers Beach built between 1940-1969 ( 13.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.26%). There's also some housing in Fort Myers Beach built before 1939 ( 1.58%).
A decent proportion of the Fort Myers Beach housing stock is seasonally occupied. That is, homes and condos in Fort Myers Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Fort Myers Beach housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Fort Myers Beach has experienced some of the highest home appreciation rates of any community in the nation. Fort Myers Beach real estate appreciated 123.96% over the last ten years, which is an average annual home appreciation rate of 8.40%, putting Fort Myers Beach in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Myers Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Fort Myers Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Myers Beach's appreciation rate has been -7.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Myers Beach were at -1.88%, which equates to an annual appreciation rate of -7.30%.
Notably, Fort Myers Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Fort Myers Beach's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fort Myers Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Myers Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Myers Beach real estate investment or home purchase decisions.
$763,886
for Florida
for nation
2,879
$2,786 / per month