Fort Myers, FL housing market
Typical home value
$305K
▼ 4.2% 1 yr
Typical rent
$1,719/mo
▼ 0.5% 1 yr
Gross rent yield
6.8%
U.S. 6.3%
5-year home value change
+7%
U.S. +20%
Key takeaways
- 1The typical home in Fort Myers is worth $304,566, down 4.2% over the past year and up 7% over five years.
- 2Typical rent is $1,719 a month (−0.5% YoY), a gross rent yield of 6.8% (above the Cape Coral, FL metro's 6.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,674/mo, $45 less than typical rent.
- 4Zillow forecasts the Cape Coral, FL metro's home values to change −3.6% over the next 12 months.
Market temperature (Cape Coral, FL metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 51/100, #119 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fort Myers compares
| Measure | Fort Myers | Cape Coral, FL metro | United States |
|---|---|---|---|
| Typical home value | $304,566 | $334,479 | $366,157 |
| Home value, 1-yr change | −4.2% | −3.5% | +1.2% |
| Typical rent | $1,719 | $1,827 | $1,932 |
| Rent, 1-yr change | −0.5% | −0.1% | +2.7% |
| Gross rent yield | 6.8% | 6.6% | 6.3% |
| Price-to-rent ratio | 14.8 | 15.3 | 15.8 |
| Mortgage P&I, typical home | $1,674 | $1,838 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Fort Myers rental, pre-filled.
Rent vs buy in Fort Myers
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $305K home.
Landlord in Florida? See Florida deposit, late fee and notice rules.
Other cities in the Cape Coral, FL metro
Cape Coral, FL
$335K home$1,953 rent
▼ 2.9% 1 yr
Lehigh Acres, FL
$278K home$1,812 rent
▼ 5.3% 1 yr
Bonita Springs, FL
$503K home$2,786 rent
▼ 2.1% 1 yr
North Fort Myers, FL
$262K home$1,550 rent
▼ 3.0% 1 yr
Estero, FL
$486K home$2,594 rent
▼ 2.3% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.