Estero, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Estero, FL Housing Market Trends

With 33,871 people, 15,003 houses or apartments, and a median cost of homes of $405,429, real estate costs in Estero are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Estero, accounting for 46.05% of the town's housing units. Other types of housing that are prevalent in Estero include large apartment complexes or high rise apartments ( 21.39%), row houses and other attached homes ( 14.45%), and a few mobile homes or trailers ( 10.26%).

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 86.15% of Estero's homes, and 53.21% 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. 68.94% 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 ( 29.70%), and between 1940-1969 ( 1.29%).

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

In the last 10 years, Estero has experienced some of the highest home appreciation rates of any community in the nation. Estero real estate appreciated 72.21% over the last ten years, which is an average annual home appreciation rate of 5.59%, putting Estero in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Estero definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 6.28%, which is higher than appreciation rates in 70.27% 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 1.71%, which equates to an annual appreciation rate of 7.02%.

Relative to Florida, our data show that Estero's latest annual appreciation rate is lower than 50% 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:
$405,429

Estero, FL HOME PRICES

> $1,152,000
4.2%
4.2%
$864,001 - $1,152,000
4.7%
4.7%
$576,001 - $864,000
12.3%
12.3%
$461,001 - $576,000
10.8%
10.8%
$346,001 - $461,000
24.5%
24.5%
$230,001 - $346,000
21.2%
21.2%
$115,001 - $230,000
12.7%
12.7%
$58,001 - $115,000
5.9%
5.9%
$0 - $58,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
15,003

Estero Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
99.93% 3.35%
2
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,262 / per month

Homeownership Rate

Owners
86.1%
86.1%
Renters
13.9%
13.9%
Vacant
37.4%
37.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
68.9%
68.9%
1970 - 1999
29.7%
29.7%
1940 - 1969
1.3%
1.3%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.0%
46.0%
Townhomes
14.4%
14.4%
Small Apt. Buildings
7.6%
7.6%
Apt. Complexes
21.4%
21.4%
Mobile Homes
10.3%
10.3%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
8.8%
8.8%
2 Bedrooms
35.6%
35.6%
3 Bedrooms
41.4%
41.4%
4 Bedrooms
11.8%
11.8%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES