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Fort Myers, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,792
Monthly Cash Flow
-$278
Principal + Equity
$1,614
Annual Total Gain
$16,034
Cash on Cash
-4.25%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$185
Occupancy Rate
57.14%
Monthly Revenue
$2,324
Monthly Cash Flow
-$95
Principal + Equity
$1,614
Annual Total Gain
$18,230
Cash on Cash %
-1.45%
Net ROI %
Market Health & Growth
Median Income
$62,160
Population
91,730
LTR Renter %
50.61%
Forecast (1 yr)
-0.55%
Appreciation (1 yr)
-11.85%
Appreciation (5 yr)
37.45%
Appreciation (10 yr)
66.96%
Job Growth
4.75%
LTR Rentability
Very High
STR Demand
56
STR Rentals
2,395
Top Public Schools
AFlorida Southwestern Collegiate High School - Lee Campus
A-Fort Myers High School
A-
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in Florida
#355out of 660 markets
Most Diverse Places to Live in Florida
#37out of 1195 markets
Best Places for Young Professionals in Florida
#418out of 1195 markets
C
Public School
C-
Crime And Safety
D
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Fort Myers, FL.
In Fort Myers, FL, Short Term Rental (STR) regulations are primarily governed by the city's Land Development Code and the Florida Vacation Rental Act. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Fort Myers:
1. Zoning Restrictions: Fort Myers has specific zoning regulations that dictate where Short Term Rentals are allowed. Investors should ensure that the property they are considering is located in a zone that permits Short Term Rentals.
2. Licensing and Registration: Property owners in Fort Myers are required to obtain a Short Term Rental license from the city before renting out their property. This license must be renewed annually and comes with specific requirements and fees.
3. Occupancy Limits: Fort Myers has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are compliant with them.
4. Noise and Nuisance Regulations: Fort Myers has strict noise and nuisance regulations that apply to Short Term Rentals. Investors should ensure that their guests are aware of these regulations and take steps to prevent any disturbances to neighbors.
5. Taxes and Fees: Property owners in Fort Myers are required to collect and remit certain taxes, such as the Tourist Development Tax and the Sales and Use Tax, on Short Term Rental income. Investors should be aware of these tax obligations and ensure that they are compliant with them.
6. Homeowner Association (HOA) Rules: If the property is located in a community with a homeowners association, investors should review the HOA rules and regulations regarding Short Term Rentals. Some HOAs may have additional restrictions or requirements for Short Term Rentals.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Fort Myers before purchasing a property for this purpose. It is important to ensure compliance with all applicable laws and regulations to avoid any potential legal issues or penalties.
Market Trends Over Time
Explore 25 years of market data for Fort Myers, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Fort Myers, FL.
The LTR Genie Score of Fort Myers, FL is 65 and STR Genie Score is 59, indicating a high and moderate rating respectively. The LTR Rentability is very high, which contributes to the high LTR Genie Score. The LTR Net ROI of 20.47% is also quite attractive for long-term rental investors. On the other hand, the STR Genie Score is slightly lower due to a lower STR Net ROI of 23.27% and a lower occupancy rate of 57.14.
Fort Myers, FL is a popular destination for both tourists and long-term residents due to its beautiful beaches, warm weather, and various entertainment options. The 1-Year Price Appreciation Forecast is slightly negative, which may be a concern for investors looking for short-term gains.
Overall, Fort Myers, FL seems to be a promising market for both long-term rental and short-term rental investments. The high LTR Rentability and Net ROI make it attractive for long-term rental investors, while the potential for STR revenue and moderate STR Genie Score suggest that short-term rental investments could also be profitable. Investors may consider diversifying their portfolio by investing in both long-term and short-term rental properties in this market.
LTR Genie Score 93
$225,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,663 sqft.🏠 SINGLE FAMILY
