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The neighborhoods should be close to basic amenities, public services and shopping malls. There should be a natural and upcoming high demand for rental properties and a low supply of income properties. The running costs for owning and managing an Fort Myers rental property should be low. The neighborhoods in Fort Myers must be safe to live in and should have a low crime rate. Demand would raise the price of your Fort Myers rental real estate and you should be able flip it for a lump sum profit. When looking to invest in Fort Myers real estate, you need to find places where the expected property appreciation forecast is positive.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change.
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Local real estate agents are ready to help you find a home here. Fort Myers doesn’t give property owners unlimited rights to rent out properties to tourists. However, they do permit short term rentals in certain cases, and that’s better than the metro areas that nearly outlawed it like NYC. Another interesting investing niche would be mobile homes.
Around two percent of homes in the Fort Myers housing market are mobile homes. This means the average investment property will have lower maintenance requirements than properties in older, more established communities. Here are thebest neighborhoods to invest in Fort Myers real estatebecause they have the highest appreciation rates(List by Neigborhoodscout.com).
What is the average apartment size in Fort Myers?
Find a top agent with a proven track record of selling homes faster than their peers or who can help you find your dream home, no matter how quickly their market moves. Check out this newly listed fort myers, florida property that just became... Get an estimate of income required to live comfortably in Fort Myers.

The average homes sell for about 5% below list price and go pending in around 44 days. The average homes sell for about 3% below list price and go pending in around 24 days. The cost of living index for housing estimates the cost of housing in Fort Myers to be 87.3% of the national average. All listings featuring the RAPB+GFLR logo are provided by Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc.
Average rain and snow in North Fort Myers, FL
For existing homes, the median price was up by 4.3% to $280,800 in July 2019 from a year earlier, according to theNational Association of Realtors. July’s price increase marks the 89th consecutive month of year-over-year gains. During the year to July 2019, new and existing home sales increased by 4.3% and 2.5%, respectively. Sales price of a 2 bedroom home in Fort Myers is $168,844 where as a one bedroom home can cost you $87,344. Work with a top Fort Myers real estate agent to figure out the best selling strategy and start bidding wars on your home.
U.S. single-family rental market has seen steady rent increases between 2010 and 2019. On an average, they could sold homes for 97.08% of the asking price. A seller would always prefer scenarios which can yield a ratio of 100% or higher. Zillow reports that 14.7% of the listings in Fort Myers had a price cut in Sep 2019, which is a good thing for buyers. It shows sellers were willing to negotiate on prices as they were finding it more and more difficult to sell homes at asking prices. Visit our Buyer Resource Center for the latest home buying advice from top real estate agents across the country.
Recently sold homes in Fort Myers Beach, FL had a median listing home price of $699,000. There were 216 properties sold in Fort Myers Beach, FL, which spent an average of 29 days on the market. Some of the hottest neighborhoods near Fort Myers Beach, FL are Heitmans, East End Sanibel, Bonita Bay, Pelican Landing, Spanish Wells.

If it’s over 100, it’s more expensive than the national average. Housing is generally the biggest monthly cost that you would need to account for. The average rent in Fort Myers (located in Cape Coral-Fort Myers Metro) metro area for a 2-bed home is $1,033, which is 11% less than the average rent across the US.
This means many residents in the Fort Myers real estate market are priced out – they have to rent. In November 2022, Fort Myers Beach home prices were up 25.2% compared to last year, selling for a median price of $640K. On average, homes in Fort Myers Beach sell after 7 days on the market compared to 38 days last year.
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more. The average size for a Fort Myers, FL apartment is 990 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. The most Expensive Neighborhood in Fort Myers is Forum where the average rent can go for $1,728/month. The most Affordable Neighborhood in Fort Myers is Forum where the average rent can go for $1,728/month.
Property appreciation has run 1 to 2 percent a year for several years and projected to be 1.6 percent in 2020. Ideally a buyer would prefer a sale to asking price ratio that’s closer to 90%. In Saint Petersburg, the sellers have held good leverage in these negotiations in the past month.
The reason why the growth is mentioned already is due to the accelerated appreciation trends present in the city. Looking over the last year, the housing prices grew by more than 20% and the trend is not expected to change anytime soon, maybe only slow down at one point. However, if you are debating whether or not to invest in a home in Fort Myers, take into account that the investment will be a good one.
Homes in Fort Myers receive 2 offers on average and sell in around 24 days. The average sale price of a home in Fort Myers was $383K last month, up 17.7% since last year. The average sale price per square foot in Fort Myers is $235, up 19.5% since last year. Are you planning a move to Fort Myers, FL and wondering if it is an expensive place to live in?
This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2022 Realtors® of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service, Inc. Maybe you have done a bit of real estate investing in Fort Myers, FL but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. This is because eastern Florida is hit with many more hurricanes.