Estero, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Estero Neighborhoods Since 2000




Estero, FL Real Estate Data


Estero Housing Market Information

With 30,799 people, 13,790 houses or apartments, and a median cost of homes of $376,603, 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 Home Appreciation Rates

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 -1.81%, which is lower than 80% 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 7.03%, which is higher than appreciation rates in 80.47% 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 1.26%, which equates to an annual appreciation rate of 5.15%.

Relative to Florida, our data show that Estero's latest annual appreciation rate is lower 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.

Average Home Values

 

Median Home Value:
$376,603

Estero, FL HOME PRICES

Value Range
> $1,356,000 2.5
$1,017,001 - $1,356,000 3.7
$678,001 - $1,017,000 8.9
$543,001 - $678,000 7.3
$407,001 - $543,000 14.3
$271,001 - $407,000 25.7
$136,001 - $271,000 22.2
$68,001 - $136,000 8.3
$0 - $68,000 6.1

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
10.4125161139107 17.5213675213675

Number Of Homes And Apartments:
13,790

Rent & Ownership

 

Average Market Rent:
$1,381 / per month

Homeownership Rate

Homeownership
Owners 84.10
Renters 15.90
Vacant 40.77

Housing Market Details

 

Age of Homes

AGE OF Estero HOMES
2000 or Newer 64.5
1970 - 1999 32.9
1940 - 1969 2.5
1939 or Older 0.1

Types of Homes

TYPE OF Estero HOMES
Single-Family 43.9
Townhomes 17.1
Small Apt. Buildings 6.8
Apt. Complexes 21.0
Mobile Homes 11.1
Other 0.1

Home Size

SIZE OF Estero HOMES
No Bedroom 0.17
1 Bedroom 6.46
2 Bedrooms 40.22
3 Bedrooms 39.50
4 Bedrooms 11.32
5 or more bedrooms 2.33

Estero Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
70.37% 3.14% 5 8
* 10 is highest