Fort Myers Beach, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fort Myers Beach Neighborhoods Since 2000




Fort Myers Beach, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Myers Beach Housing Market Information

With a population of 6,983, 3,604 total housing units (homes and apartments), and a median house value of $450,467, 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 62.78% of the town's housing units. Other types of housing that are prevalent in Fort Myers Beach include single-family detached homes ( 27.32%), duplexes, homes converted to apartments or other small apartment buildings ( 4.77%), and a few row houses and other attached homes ( 3.67%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Dwellings in Fort Myers Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 75.06% 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 ( 18.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.87%). There's also some housing in Fort Myers Beach built before 1939 ( 1.97%).

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

Real estate appreciation rates in Fort Myers Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Appreciation rates are so strong in Fort Myers Beach that despite a nationwide downturn in the housing market, Fort Myers Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Myers Beach appreciation rates continue to be some of the highest in America, at 5.57%, which is higher than appreciation rates in 70.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Myers Beach. Fort Myers Beach appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.

Importantly, this makes Fort Myers Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Fort Myers Beach's latest annual appreciation rate is lower than 70% 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:
$450,467

Fort Myers Beach, FL HOME PRICES

Value Range
> $1,363,000 2.0
$1,022,001 - $1,363,000 6.8
$682,001 - $1,022,000 15.6
$545,001 - $682,000 16.0
$409,001 - $545,000 18.7
$273,001 - $409,000 27.1
$137,001 - $273,000 7.5
$68,001 - $137,000 2.2
$0 - $68,000 4.0

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.383100902379 12.6068376068376

Number Of Homes And Apartments:
3,604

Fort Myers Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
143.63% 5.30% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,451 / per month

Homeownership Rate

Homeownership
Owners 77.08
Renters 22.92
Vacant 64.38

Housing Market Details

 

Age of Homes

AGE OF Fort Myers Beach HOMES
2000 or Newer 8.9
1970 - 1999 71.1
1940 - 1969 18.1
1939 or Older 2.0

Types of Homes

TYPE OF Fort Myers Beach HOMES
Single-Family 27.3
Townhomes 3.7
Small Apt. Buildings 4.8
Apt. Complexes 62.8
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Fort Myers Beach HOMES
No Bedroom 2.07
1 Bedroom 12.82
2 Bedrooms 60.17
3 Bedrooms 21.66
4 Bedrooms 2.49
5 or more bedrooms 0.79