North Fort Myers, Florida Housing Market Prices
North 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 66% below the Florida median$106,882
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Median rent 17% below the Florida median$1,379
Housing Market Overview
| Metric | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $106,882 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.4% | 11.2% | 7.5% |
| Median Gross Rent | $1,379 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Fort Myers is about 66% lower than in Florida. Rent is about 17% 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 North Fort Myers, up about 11.4% and 7.1% a year respectively. Home prices are changing faster.
Median rent in North Fort Myers rose about 83.1% between 2015 and 2024, from $753 to $1,379. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in North Fort Myers.
Buying the median-priced home in North Fort Myers costs roughly 6.5 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 North Fort Myers. The price-to-rent ratio in Florida is about 15.6.
| Metric | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $106,882 | $311,338 | $248,835 |
| Median Household Income | $59,713 | $74,580 | $80,455 |
| Price-to-Income Ratio | 1.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Fort Myers rose about 50.0%, while median household income rose about 40.2% 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 | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 57.7% | 58.5% |
| Rental Rate | 11.0% | 27.7% | 31.2% |
| Vacancy Rate | 25.8% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
North Fort Myers has a homeownership rate of 63.2%, higher than the Florida average of 57.7%. Its housing vacancy rate is 25.8%, compared with 14.6% in Florida.
Housing Stock
| Metric | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.13 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1987 | 1988 | 1978 |
| Median Number of Rooms | 4.8 | 5.2 | 5.5 |
The typical housing unit in North Fort Myers was built around 1987. On average, 2.1 people live in a home with about 4.8 rooms, staying for about 11.0 years on average.
North Fort Myers, FL Housing Compared With Nearby Cities
How North Fort Myers, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| North Fort Myers, FL | 43,220 | $106,882 #2/2 | $1,379 #2/2 | 85.2% #1/2 |
| Fort Myers, FL | 89,733 | $294,691 | $1,556 | 48.0% |
Frequently Asked Questions
Common questions about the housing market in North Fort Myers, Florida.
What is the median home price in North Fort Myers, Florida?
The median home price in North Fort Myers, Florida is $106,882, lower than the Florida average of $311,338.
What is the average home price in North Fort Myers, Florida?
The typical home price in North Fort Myers, Florida, reported as the median sale price, is $106,882. 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 North Fort Myers, Florida?
The median gross rent in North Fort Myers, Florida is $1,379 per month, lower than the Florida average of $1,668.
What was the median gross rent in North Fort Myers in 2020?
In 2020, the median gross rent in North Fort Myers, Florida was $955 per month.
What is the price-to-rent ratio in North Fort Myers, Florida?
The price-to-rent ratio in North Fort Myers, Florida is about 6.5, meaning it would take roughly 6.5 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 North Fort Myers.
Are home prices or rent rising faster in North Fort Myers, Florida?
Both home prices and rent are rising in North Fort Myers, up about 11.4% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Fort Myers, Florida?
63.2% of households in North Fort Myers, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in North Fort Myers, Florida?
The housing vacancy rate in North Fort Myers, Florida is 25.8%, higher than the Florida average of 14.6%.
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