Estero, Florida Housing Market Prices
Estero Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% above the Florida median$325,672
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Median rent 16% above the Florida median$1,931
Housing Market Overview
| Metric | Estero | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,672 | $311,338 | $248,835 |
| Price Trend (Annual %) | 9.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,931 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Estero is about 5% higher than in Florida. Rent is about 16% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Estero, up about 9.5% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Estero rose about 47.2% between 2015 and 2024, from $1,312 to $1,931. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Estero.
Buying the median-priced home in Estero costs roughly 14.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Estero. The price-to-rent ratio in Florida is about 15.6.
| Metric | Estero | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,672 | $311,338 | $248,835 |
| Median Household Income | $103,671 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Estero rose about 83.5%, while median household income rose about 65.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Estero | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 57.7% | 58.5% |
| Rental Rate | 9.5% | 27.7% | 31.2% |
| Vacancy Rate | 29.7% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Estero has a homeownership rate of 60.8%, higher than the Florida average of 57.7%. Its housing vacancy rate is 29.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Estero | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.07 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2002 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Estero was built around 2002. On average, 2.1 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Estero, FL Housing Compared With Nearby Cities
How Estero, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Estero, FL | 34,171 | $325,672 #2/2 | $1,931 #1/2 | 86.4% #1/2 |
| Bonita Springs, FL | 54,736 | $605,532 | $1,872 | 81.1% |
Frequently Asked Questions
Common questions about the housing market in Estero, Florida.
What is the median home price in Estero, Florida?
The median home price in Estero, Florida is $325,672, higher than the Florida average of $311,338.
What is the average home price in Estero, Florida?
The typical home price in Estero, Florida, reported as the median sale price, is $325,672. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Estero, Florida?
The median gross rent in Estero, Florida is $1,931 per month, higher than the Florida average of $1,668.
What was the median gross rent in Estero in 2020?
In 2020, the median gross rent in Estero, Florida was $1,585 per month.
What is the price-to-rent ratio in Estero, Florida?
The price-to-rent ratio in Estero, Florida is about 14.1, meaning it would take roughly 14.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Estero.
Are home prices or rent rising faster in Estero, Florida?
Both home prices and rent are rising in Estero, up about 9.5% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Estero, Florida?
60.8% of households in Estero, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Estero, Florida?
The housing vacancy rate in Estero, Florida is 29.7%, higher than the Florida average of 14.6%.
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