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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 42,719, 20,264 total housing units (homes and apartments), and a median house value of $226,101, North Fort Myers real estate and house prices are near the national average for all cities and towns.
Mobile homes or trailers are the single most common housing type in North Fort Myers, accounting for 43.67% of the town's housing units. Other types of housing that are prevalent in North Fort Myers include single-family detached homes ( 42.25%), large apartment complexes or high rise apartments ( 7.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.79%).
Dwellings in North Fort Myers tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 71.30% 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 ( 14.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.06%).
Vacant housing appears to be an issue in North Fort Myers. Fully 28.00% 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.
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 216.75% over the last ten years, which is an average annual home appreciation rate of 12.22%, 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.
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 31.68%, which is higher than appreciation rates in 99.89% 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 6.21%, which equates to an annual appreciation rate of 27.27%.
Importantly, this makes North Fort Myers 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 North Fort Myers's latest annual appreciation rate is higher than 90% 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 for Nation
Low for FL