Fort Myers Real Estate Market Overview
Average Monthly Rent:
$1,271
Percentage Change in Home Price/Value:
1.10%
Median Home Value:
$211,400
Best Time To Sell Home:
June
Affordability Index:
134
Days To Sell House:
110.83
Job Market:
Fair
Public School Ranking:
26
Location and Weather
Fort Myers is also known as “the city of Palms” because of the many palm trees it has. Located in Southwestern Florida on the banks of the Caloosahatchee River, it is known for its deep-sea fishing, golfing and beautiful white sand beaches and islands. The city’s downtown waterfront has been renovated with new restaurants, shops, galleries and clubs. It is also home to the winter estates of Henry Ford and Thomas Edison.
Fort Myers is close to the divider between tropical and subtropical climate. In its coldest month the average temperature drops to 64 degrees. This is one of the main reasons for its increasing population growth rate of 2.85% with a population of 82,254 in 2018.
Population, Job Market and Cost of Living
Contributing to Fort Myers' growth is a job market increase of 1.9% over last year. Future job growth is estimated at 44% over the next ten years. As with many Florida cities, Fort Myers' employers include health care businesses and hospitals such as Florida Regional Medical Center. Development also contributes to jobs with WCI Communities and Bonita Bay Group as major employers.
Given Fort Myers' mild climate, major area for sports, fishing, golfing and beautiful beaches and steady job growth, it’s easy to see why it is a sought-after place to live.
