The real estate market in Fort Myers has seen an overall increase in median home prices over the past year. The median home value in Fort Myers is currently $269,000, up 3.3% from the same period last year. The median list price for a home in the area is currently $312,000, up 4.4% compared to the same period last year. The median price per square foot for homes in the area is currently $157, up 4.1% from the same period last year. The median rent price in Fort Myers is currently $1,600, up 3.8% from the same period last year. The median rent per square foot for apartments in Fort Myers is currently $1.21, up 1.1% from the same period last year. The overall vacancy rate in Fort Myers is currently 5.2%, down 0.2% from the same period last year. The overall rental rate in the areais currently 8.6%, up 0.3% from the same period last year. The overall market trend in Southwest Florida is generally positive, with prices continuing to rise and vacancy rates trending downward. With continued population growth and a strong local economy, this trend is likely to continue in the near future. The city has also seen a surge in new construction, with more new homes, apartments, and condos coming onto the market. This has helped to keep prices competitive and has allowed for more rental options for those looking for them. As the city continues to attract new residents and businesses, the market is likely to remain strong in the near future.
