Lee County, Florida Housing Market Prices
Lee County 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 10% above the Florida median More expensive than 71% of counties in Florida$341,203
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Median rent 3% above the Florida median More expensive than 82% of counties in Florida$1,712
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,203 | $311,338 | $248,835 |
| Price Trend (Annual %) | 10.1% | 11.2% | 7.5% |
| Median Gross Rent | $1,712 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lee County is about 10% higher than in Florida. Rent is about 3% 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 Lee County, up about 10.1% and 7.2% a year respectively. Home prices are changing faster.
Median rent in Lee County rose about 80.1% between 2015 and 2024, from $950 to $1,712. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Lee County.
Buying the median-priced home in Lee County costs roughly 16.6 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 Lee County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Lee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,203 | $311,338 | $248,835 |
| Median Household Income | $76,097 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.5 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lee County rose about 142.4%, while median household income rose about 43.8% 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 | Lee County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 57.7% | 58.5% |
| Rental Rate | 19.1% | 27.7% | 31.2% |
| Vacancy Rate | 25.7% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Lee County has a homeownership rate of 55.2%, lower than the Florida average of 57.7%. Its housing vacancy rate is 25.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Lee County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1995 | 1988 | 1978 |
| Median Number of Rooms | 5.2 | 5.2 | 5.5 |
The typical housing unit in Lee County was built around 1995. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Lee County, FL Housing Compared With Nearby Counties
Lee County, FL is the largest of the 6 counties compared here, 815,257 residents against a local median of 201,064. The measure that sets Lee County, FL apart most is median home price: $341,203, 29% above the local median of $265,501.
Median rent tells the same story from another angle: $1,712 against a local median of $1,463, 17% above it. The counties themselves spread $276,439 on median home price, so Lee County, FL sits at one end of an already wide local range rather than apart from it. Lee County, FL has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lee County, FL | 815,257 | $341,203 #3/6 | $1,712 #3/6 | 74.3% #4/6 |
| Charlotte County, FL | 201,064 | $265,501 | $1,463 | 83.8% |
| DeSoto County, FL | 35,386 | $220,318 | $932 | 72.5% |
| Collier County, FL | 398,267 | $487,922 | $1,862 | 76.6% |
| Sarasota County, FL | 459,530 | $414,479 | $1,818 | 76.6% |
| Hendry County, FL | 42,373 | $211,483 | $1,003 | 73.6% |
Frequently Asked Questions
Common questions about the housing market in Lee County, Florida.
What is the median home price in Lee County, Florida?
The median home price in Lee County, Florida is $341,203, higher than the Florida average of $311,338.
What is the average home price in Lee County, Florida?
The typical home price in Lee County, Florida, reported as the median sale price, is $341,203. 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 Lee County, Florida?
The median gross rent in Lee County, Florida is $1,712 per month, higher than the Florida average of $1,668.
What was the median gross rent in Lee County in 2020?
In 2020, the median gross rent in Lee County, Florida was $1,224 per month.
What is the price-to-rent ratio in Lee County, Florida?
The price-to-rent ratio in Lee County, Florida is about 16.6, meaning it would take roughly 16.6 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 Lee County.
Are home prices or rent rising faster in Lee County, Florida?
Both home prices and rent are rising in Lee County, up about 10.1% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lee County, Florida?
55.2% of households in Lee County, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Lee County, Florida?
The housing vacancy rate in Lee County, Florida is 25.7%, higher than the Florida average of 14.6%.
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