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




Highest
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Highest Appreciating North Fort Myers Neighborhoods Since 2000




North Fort Myers, FL Real Estate Data


North Fort Myers Housing Market Information

With 43,060 people, 18,629 houses or apartments, and a median cost of homes of $163,007, 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 47.22% of the town's housing units. Other types of housing that are prevalent in North Fort Myers include single-family detached homes ( 40.42%), large apartment complexes or high rise apartments ( 7.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.29%).

Dwellings in North Fort Myers tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 73.28% 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 ( 11.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.56%). There's also some housing in North Fort Myers built before 1939 ( 1.07%).

Vacant housing appears to be an issue in North Fort Myers. Fully 33.03% 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 29.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Fort Myers home appreciation rates at 2.92%, which equates to an annual appreciation rate of 12.18%.

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 13.06%, which is higher than appreciation rates in 99.75% 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 2.92%, which equates to an annual appreciation rate of 12.18%.

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 Home Values

 

Median Home Value:
$163,007

North Fort Myers, FL HOME PRICES

Value Range
> $1,527,000 0.6
$1,145,001 - $1,527,000 0.4
$763,001 - $1,145,000 1.0
$610,001 - $763,000 1.3
$458,001 - $610,000 3.4
$305,001 - $458,000 11.2
$153,001 - $305,000 26.7
$76,001 - $153,000 25.5
$0 - $76,000 29.9

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
45.6051999765767 64.1025641025641

Number Of Homes And Apartments:
18,629

Rent & Ownership

 

Average Market Rent:
$1,124 / per month

Homeownership Rate

Homeownership
Owners 83.53
Renters 16.47
Vacant 33.03

Housing Market Details

 

Age of Homes

AGE OF North Fort Myers HOMES
2000 or Newer 10.6
1970 - 1999 77.0
1940 - 1969 11.3
1939 or Older 1.1

Types of Homes

TYPE OF North Fort Myers HOMES
Single-Family 40.4
Townhomes 2.0
Small Apt. Buildings 2.3
Apt. Complexes 7.7
Mobile Homes 47.2
Other 0.4

Home Size

SIZE OF North Fort Myers HOMES
No Bedroom 0.75
1 Bedroom 8.22
2 Bedrooms 64.31
3 Bedrooms 23.20
4 Bedrooms 2.91
5 or more bedrooms 0.60

North Fort Myers Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
67.83% 3.09% 5 8
* 10 is highest