Fort Myers Beach, 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

Fort Myers Beach, FL Housing Market Trends

With a population of 7,094, 3,566 total housing units (homes and apartments), and a median house value of $604,192, Fort Myers Beach house prices are not only among the most expensive in Florida, Fort Myers Beach real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Fort Myers Beach, accounting for 59.20% of the town's housing units. Other types of housing that are prevalent in Fort Myers Beach include single-family detached homes ( 31.90%), duplexes, homes converted to apartments or other small apartment buildings ( 5.40%), and a few row houses and other attached homes ( 2.14%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Dwellings in Fort Myers Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 72.24% of the homes in Fort Myers Beach have two or fewer bedrooms.

There is a lot of housing in Fort Myers Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Myers Beach built between 1940-1969 ( 17.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.64%).

A decent proportion of the Fort Myers Beach housing stock is seasonally occupied. That is, homes and condos in Fort Myers Beach 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 Fort Myers Beach housing market speaks to its popularity as a vacation location of choice.

Fort Myers Beach Home Appreciation Rates

In the last 10 years, Fort Myers Beach has experienced some of the highest home appreciation rates of any community in the nation. Fort Myers Beach real estate appreciated 82.99% over the last ten years, which is an average annual home appreciation rate of 6.23%, putting Fort Myers Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Myers Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fort Myers Beach's appreciation rate, at 6.15%, has been at or slightly above the national average. In the latest quarter, Fort Myers Beach's appreciation rate has been 1.59%, which annualizes to a rate of 6.52%.

Notably, Fort Myers Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Fort Myers Beach'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 Fort Myers Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Myers Beach - 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 Fort Myers Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$604,192

Fort Myers Beach, FL HOME PRICES

> $1,254,000
7.4%
7.4%
$941,001 - $1,254,000
10.6%
10.6%
$627,001 - $941,000
26.3%
26.3%
$501,001 - $627,000
13.8%
13.8%
$376,001 - $501,000
19.7%
19.7%
$251,001 - $376,000
14.3%
14.3%
$126,001 - $251,000
3.1%
3.1%
$63,001 - $126,000
2.9%
2.9%
$0 - $63,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
3,566

Fort Myers Beach 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
203.77% 5.43%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,588 / per month

Homeownership Rate

Owners
88.9%
88.9%
Renters
11.1%
11.1%
Vacant
65.9%
65.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.6%
7.6%
1970 - 1999
73.6%
73.6%
1940 - 1969
17.9%
17.9%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
31.9%
31.9%
Townhomes
2.1%
2.1%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
59.2%
59.2%
Mobile Homes
1.3%
1.3%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
8.2%
8.2%
2 Bedrooms
60.9%
60.9%
3 Bedrooms
22.5%
22.5%
4 Bedrooms
4.0%
4.0%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES