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




Highest
Lowest

Highest Appreciating North Fort Myers Neighborhoods Since 2000




North Fort Myers, 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

North Fort Myers Housing Market Information

With 43,060 people, 19,044 houses or apartments, and a median cost of homes of $137,239, house prices in North Fort Myers are solidly below the national average.

Mobile homes or trailers are the single most common housing type in North Fort Myers, accounting for 47.46% of the town's housing units. Other types of housing that are prevalent in North Fort Myers include single-family detached homes ( 39.91%), large apartment complexes or high rise apartments ( 7.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.50%).

Dwellings in North Fort Myers tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 72.42% 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 1940-1969 ( 12.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.46%). There's also some housing in North Fort Myers built before 1939 ( 1.00%).

Vacant housing appears to be an issue in North Fort Myers. Fully 31.57% 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

Homes have actually lost value in North Fort Myers over the last then years, as home values have seen a decline of 24.70% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Fort Myers home appreciation rates at 3.51%, which equates to an annual appreciation rate of 14.80%.

Appreciation rates are so strong in North Fort Myers that despite a nationwide downturn in the housing market, North Fort Myers real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Fort Myers appreciation rates continue to be some of the highest in America, at 12.87%, which is higher than appreciation rates in 98.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Fort Myers. North Fort Myers appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.

Importantly, NeighborhoodScout’s exclusive research found that North Fort Myers's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Florida, our data show that North Fort Myers's latest annual appreciation rate is higher than 80% 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:
$137,239

North Fort Myers, FL HOME PRICES

Value Range
> $1,453,000 0.5
$1,090,001 - $1,453,000 0.4
$727,001 - $1,090,000 0.9
$581,001 - $727,000 1.2
$436,001 - $581,000 4.3
$291,001 - $436,000 12.0
$145,001 - $291,000 27.0
$73,001 - $145,000 24.7
$0 - $73,000 28.8

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
56.1350052736435 70.5128205128205

Number Of Homes And Apartments:
19,044

North Fort Myers 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
75.80% 3.32% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,071 / per month

Homeownership Rate

Homeownership
Owners 82.39
Renters 17.61
Vacant 31.57

Housing Market Details

 

Age of Homes

AGE OF North Fort Myers HOMES
2000 or Newer 10.5
1970 - 1999 76.4
1940 - 1969 12.1
1939 or Older 1.0

Types of Homes

TYPE OF North Fort Myers HOMES
Single-Family 39.9
Townhomes 2.4
Small Apt. Buildings 2.5
Apt. Complexes 7.4
Mobile Homes 47.5
Other 0.3

Home Size

SIZE OF North Fort Myers HOMES
No Bedroom 0.77
1 Bedroom 8.48
2 Bedrooms 63.18
3 Bedrooms 23.88
4 Bedrooms 2.89
5 or more bedrooms 0.81