Fort Myers, FL

Population: 63,512
Average annual home appreciation rate: 22.25%
Total of homes for sale in this market:
Median home price: $164,384
Median Rent: $850 per room
Home price range: 33.68% of homes are between $104,001 – $208,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 47.15% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 35.01%
Number of renters: 54.16%
Number of owner occupied: 45.84%
Number people living below poverty level: 25.19%
Unemployment rate: 6.7%
Is this area perfect for real estate deals going on right now? Data shows Fort Myers is one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. With home prices where they are, rental rates, high overall home appreciation rate, multiple vacant properties, and high poverty/unemployment rate… The Fort Myers market could very well be the “perfect storm” for savvy cash investors. There are great opportunities to be had here.

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