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 95,949 people, 35,426 houses or apartments, and a median cost of homes of $430,427, Fort Myers real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Fort Myers, accounting for 42.65% of the city's housing units. Other types of housing that are prevalent in Fort Myers include single-family detached homes ( 36.91%), duplexes, homes converted to apartments or other small apartment buildings ( 9.59%), and a few row houses and other attached homes ( 8.53%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Fort Myers primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Fort Myers has a mixture of owner-occupied and renter-occupied housing.
Fort Myers homes and real estate are some of the newest in America. 48.42% of Fort Myers's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Myers real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.62%), and between 1940-1969 ( 13.97%). There's also some housing in Fort Myers built before 1939 ( 2.98%).
Vacant housing appears to be an issue in Fort Myers. Fully 22.32% of the housing stock is classified as vacant. Left unchecked, vacant Fort Myers homes and apartments can be a drag on the real estate market, holding Fort Myers real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Fort Myers has experienced some of the highest home appreciation rates of any community in the nation. Fort Myers real estate appreciated 165.09% over the last ten years, which is an average annual home appreciation rate of 10.24%, putting Fort Myers in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Myers 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 appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Myers's appreciation rate has been 2.09%, 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 were at -1.88%, which equates to an annual appreciation rate of -7.30%.
Notably, Fort Myers's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Fort Myers's latest annual appreciation rate is lower than 70% 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 city. Individual neighborhoods within Fort Myers differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Myers - 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 real estate investment or home purchase decisions.
$430,427
for Florida
for nation
35,426
$2,136 / per month