Lehigh Acres, 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 Q2 2021. 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

Lehigh Acres, FL Housing Market Trends

With 94,342 people, 34,020 houses or apartments, and a median cost of homes of $221,229, Lehigh Acres real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lehigh Acres, accounting for 80.91% of the town's housing units. Other types of housing that are prevalent in Lehigh Acres include row houses and other attached homes ( 10.18%), duplexes, homes converted to apartments or other small apartment buildings ( 5.10%), and a few large apartment complexes or high rise apartments ( 3.27%).

The most prevalent building size and type in Lehigh Acres are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.37% owning and 37.63% renting.

Lehigh Acres homes and real estate are some of the newest in America. 57.61% of Lehigh Acres'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 Lehigh Acres real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.76%), and between 1940-1969 ( 8.47%).

Vacant housing appears to be an issue in Lehigh Acres. Fully 11.99% of the housing stock is classified as vacant. Left unchecked, vacant Lehigh Acres homes and apartments can be a drag on the real estate market, holding Lehigh Acres real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lehigh Acres Home Appreciation Rates

In the last 10 years, Lehigh Acres has experienced some of the highest home appreciation rates of any community in the nation. Lehigh Acres real estate appreciated 194.11% over the last ten years, which is an average annual home appreciation rate of 11.39%, putting Lehigh Acres in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lehigh Acres 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, Lehigh Acres's appreciation rate, at 10.23%, has been at or slightly above the national average. In the latest quarter, Lehigh Acres's appreciation rate has been 3.75%, which annualizes to a rate of 15.87%.

Importantly, this makes Lehigh Acres 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 Lehigh Acres'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 Lehigh Acres differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lehigh Acres - 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 Lehigh Acres real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,229

Lehigh Acres, FL HOME PRICES

> $1,353,000
0.3%
0.3%
$1,015,001 - $1,353,000
0.2%
0.2%
$676,001 - $1,015,000
0.5%
0.5%
$541,001 - $676,000
0.4%
0.4%
$406,001 - $541,000
4.0%
4.0%
$271,001 - $406,000
20.9%
20.9%
$135,001 - $271,000
55.0%
55.0%
$68,001 - $135,000
14.7%
14.7%
$0 - $68,000
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
34,020

Lehigh Acres Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
123.76% 3.82%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,663 / per month

Homeownership Rate

Owners
62.4%
62.4%
Renters
37.6%
37.6%
Vacant
12.0%
12.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
57.6%
57.6%
1970 - 1999
33.8%
33.8%
1940 - 1969
8.5%
8.5%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.9%
80.9%
Townhomes
10.2%
10.2%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
3.3%
3.3%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
2.7%
2.7%
2 Bedrooms
19.5%
19.5%
3 Bedrooms
62.4%
62.4%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES