Real Estate Investing in Lee, Florida (32059)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32059 (Lee, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.1% of homes vacant — above national norms.
- Elevated poverty: 22.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lee, FL (32059)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32059 Lee
Meanwhile, ZIP 32059 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $258K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $258K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32059 is substantial and deserves full respect.
Statewide comparisons place 32059 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Stepping back, 2,764 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 32059 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lee:
Market Trends
Home Value History (with trend line)
📊 How Does 32059 Compare?
| Metric | 32059 | Lee | Florida |
|---|---|---|---|
| Home Value | $257,718 | $257,718 | $374,697 |
| 5-Year CAGR | 7.0% | 7.0% | 7.4% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32059 (Lee, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $257,718 |
| Monthly Rent | $963 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32059
Population: 2,764
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32059
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are rental rates like in Lee, FL?
Rental rates in Lee, FL average $963/mo. Tenant demand and $258K home values make the yield look reasonable by investor standards.
Where do home prices stand in Lee, FL?
Lee, FL home values average about $258K. That price point suits investors targeting rentals with $963/mo in monthly income.
How tight is the rental market in Lee, FL?
Lee, FL carries elevated vacancy risk. Expect consistent absorption at market rents of $963/mo.
How landlord-friendly is Lee, FL?
Landlord-friendliness in Lee, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Lee, FL a smart market for rental property?
The 3.0/5 investability rating in Lee, FL reflects its $258K prices and $963/mo rents. Investors generally consider it a solid option within FL.
You know 32059 now. You don’t know where it ranks.
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