North Fort Myers, 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

North Fort Myers, FL Housing Market Trends

With a population of 43,060, 19,600 total housing units (homes and apartments), and a median house value of $174,110, North Fort Myers real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in North Fort Myers, accounting for 45.01% of the town's housing units. Other types of housing that are prevalent in North Fort Myers include mobile homes or trailers ( 41.68%), large apartment complexes or high rise apartments ( 8.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.09%).

Dwellings in North Fort Myers tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 68.93% of the homes in North Fort Myers have two or fewer bedrooms.

There is a lot of housing in North Fort Myers 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 North Fort Myers built between 2000 and later ( 14.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.04%).

Vacant housing appears to be an issue in North Fort Myers. Fully 28.43% of the housing stock is classified as vacant. Left unchecked, vacant North Fort Myers homes and apartments can be a drag on the real estate market, holding North Fort Myers 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.

North Fort Myers Home Appreciation Rates

In the last 10 years, North Fort Myers has experienced some of the highest home appreciation rates of any community in the nation. North Fort Myers real estate appreciated 121.15% over the last ten years, which is an average annual home appreciation rate of 8.26%, putting North Fort Myers in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Fort Myers 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, North Fort Myers's appreciation rate, at 6.16%, has been at or slightly above the national average. In the latest quarter, North Fort Myers's appreciation rate has been 1.60%, which annualizes to a rate of 6.54%.

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

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

Average Home Values

 

Median Home Value:
$174,110

North Fort Myers, FL HOME PRICES

> $1,233,000
0.7%
0.7%
$925,001 - $1,233,000
0.4%
0.4%
$617,001 - $925,000
2.1%
2.1%
$494,001 - $617,000
2.0%
2.0%
$370,001 - $494,000
10.3%
10.3%
$247,001 - $370,000
19.1%
19.1%
$123,001 - $247,000
25.0%
25.0%
$62,001 - $123,000
19.8%
19.8%
$0 - $62,000
20.7%
20.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
19,600

North Fort Myers 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
123.65% 3.91%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,249 / per month

Homeownership Rate

Owners
83.3%
83.3%
Renters
16.7%
16.7%
Vacant
28.4%
28.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.0%
14.0%
1970 - 1999
72.5%
72.5%
1940 - 1969
13.0%
13.0%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
45.0%
45.0%
Townhomes
1.7%
1.7%
Small Apt. Buildings
3.1%
3.1%
Apt. Complexes
8.2%
8.2%
Mobile Homes
41.7%
41.7%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
6.9%
6.9%
2 Bedrooms
61.2%
61.2%
3 Bedrooms
26.5%
26.5%
4 Bedrooms
3.8%
3.8%
5 or more bedrooms
0.8%
0.8%
0.0% 100.0%
% OF HOMES