Fort Myers, Florida Housing Market Prices
Fort Myers 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% below the Florida median$294,691
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Median rent 7% below the Florida median$1,556
Housing Market Overview
| Metric | Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,691 | $311,338 | $248,835 |
| Price Trend (Annual %) | 12.7% | 11.2% | 7.5% |
| Median Gross Rent | $1,556 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fort Myers is about 5% lower than in Florida. Rent is about 7% lower 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 Fort Myers, up about 12.7% and 7.9% a year respectively. Home prices are changing faster.
Median rent in Fort Myers rose about 90.1% between 2015 and 2024, from $818 to $1,556. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Fort Myers.
Buying the median-priced home in Fort Myers costs roughly 15.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fort Myers. The price-to-rent ratio in Florida is about 15.6.
| Metric | Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,691 | $311,338 | $248,835 |
| Median Household Income | $62,271 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fort Myers rose about 189.0%, while median household income rose about 54.6% 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 | Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.2% | 57.7% | 58.5% |
| Rental Rate | 41.3% | 27.7% | 31.2% |
| Vacancy Rate | 20.6% | 14.6% | 10.2% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Fort Myers has a homeownership rate of 38.2%, lower than the Florida average of 57.7%. Its housing vacancy rate is 20.6%, compared with 14.6% in Florida.
Housing Stock
| Metric | Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1988 | 1978 |
| Median Number of Rooms | 4.6 | 5.2 | 5.5 |
The typical housing unit in Fort Myers was built around 1993. On average, 2.4 people live in a home with about 4.6 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fort Myers, Florida.
What is the median home price in Fort Myers, Florida?
The median home price in Fort Myers, Florida is $294,691, lower than the Florida average of $311,338.
What is the average home price in Fort Myers, Florida?
The typical home price in Fort Myers, Florida, reported as the median sale price, is $294,691. 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 Fort Myers, Florida?
The median gross rent in Fort Myers, Florida is $1,556 per month, lower than the Florida average of $1,668.
What was the median gross rent in Fort Myers in 2020?
In 2020, the median gross rent in Fort Myers, Florida was $1,085 per month.
What is the price-to-rent ratio in Fort Myers, Florida?
The price-to-rent ratio in Fort Myers, Florida is about 15.8, meaning it would take roughly 15.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fort Myers.
Are home prices or rent rising faster in Fort Myers, Florida?
Both home prices and rent are rising in Fort Myers, up about 12.7% and 7.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fort Myers, Florida?
38.2% of households in Fort Myers, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Fort Myers, Florida?
The housing vacancy rate in Fort Myers, Florida is 20.6%, higher than the Florida average of 14.6%.
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