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
With 30,799 people, 13,790 houses or apartments, and a median cost of homes of $391,324, Estero house prices are not only among the most expensive in Florida, Estero real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Estero, accounting for 43.89% of the town's housing units. Other types of housing that are prevalent in Estero include large apartment complexes or high rise apartments ( 20.99%), row houses and other attached homes ( 17.14%), and a few mobile homes or trailers ( 11.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Estero. Owner-occupied housing accounts for 84.10% of Estero's homes, and 50.82% have either three or four bedrooms, which is average sized relative to America.
Estero homes and real estate are some of the newest in America. 64.47% of Estero's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Estero real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.89%), and between 1940-1969 ( 2.54%).
A decent proportion of the Estero housing stock is seasonally occupied. That is, homes and condos in Estero are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Estero housing market speaks to its popularity as a vacation location of choice.
Estero's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Estero during the period has been just -1.27%, which is lower than 70% of US communities.
Appreciation rates are so strong in Estero that despite a nationwide downturn in the housing market, Estero real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Estero appreciation rates continue to be some of the highest in America, at 9.86%, which is higher than appreciation rates in 93.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Estero. Estero appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.
Importantly, NeighborhoodScout’s exclusive research found that Estero's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Florida, our data show that Estero's latest annual appreciation rate is higher than 60% 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 town. Individual neighborhoods within Estero differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Estero - 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 Estero real estate investment or home purchase decisions.
|$1,056,001 - $1,407,000||3.7|
|$704,001 - $1,056,000||8.9|
|$563,001 - $704,000||7.3|
|$422,001 - $563,000||14.3|
|$282,001 - $422,000||25.7|
|$141,001 - $282,000||22.2|
|$71,001 - $141,000||8.3|
|$0 - $71,000||6.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Estero HOMES|
|2000 or Newer||64.5|
|1970 - 1999||32.9|
|1940 - 1969||2.5|
|1939 or Older||0.1|
|TYPE OF Estero HOMES|
|Small Apt. Buildings||6.8|
|SIZE OF Estero HOMES|
|5 or more bedrooms||2.33|