Real Estate Investing in Fort Myers, Florida (33913)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33913 (Fort Myers, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 30.0% of homes vacant — above national norms.
What’s happening in Fort Myers, FL (33913)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33913 Fort Myers
ZIP 33913 in Fort Myers, FL carries a robust set of headwinds. Home values near $441K and rents of $2,082/mo sit inside a market where underwriting has to be tight.
Rent of $2,082/mo on a $441K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33913 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 33913 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 33913 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 33913 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Fort Myers:
Property Strategy for 33913
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $225,590 | $1,970 | 6.3% | +6.8% | $225,590 |
| 2BR | $334,509 | $2,360 | 5.1% | +6.7% | $167,254 |
| 3BR | $462,129 | $3,080 | 4.8% | +7.3% | $154,043 |
| 4BR | $570,198 | $3,410 | 4.3% | +7.8% | $142,550 |
| 5BR | $577,548 | — | — | +8.3% | $115,510 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33913 Compare?
| Metric | 33913 | Fort Myers | Cape Coral-Fort Myers, FL | Florida |
|---|---|---|---|---|
| Home Value | $440,681 | $275,679 | N/A | $374,697 |
| 5-Year CAGR | 3.6% | 3.1% | N/A | 7.4% |
| Avg Rent | $2,082 | $1,795 | N/A | - |
| Cap Rate | 3.7% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33913 (Fort Myers, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33913 (Fort Myers, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Lee County
Manage rentals here? List your business →Ocean Blue Property Management offers residential, multi-family, commercial, and vacation property management services in Tampa Bay and Fort Myers. summary from their website
Sandcastle Community Management offers HOA and Condominium Management, professional maintenance, financial solutions, and real estate services in Florida, including Naples, Fort Myers, and Bonita Spri summary from their website
JNS Property Management is a full-service development and management company specializing in commercial retail and office space in Central Florida. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $440,681 |
| Monthly Rent | $2,082 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -5.5% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 33913
Population: 28,172
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 33913
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
Investor Insight: With 4,518 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Fort Myers, FL?
Fort Myers, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
What is the average monthly rent in Fort Myers, FL?
Expect rents around $2,082/mo per month in Fort Myers, FL. With home values at $441K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Fort Myers, FL?
Fort Myers, FL offers a consistent renter base at the $2,082/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is FL a landlord-friendly state?
Landlord-friendliness in Fort Myers, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What price range are homes in Fort Myers, FL?
The median home value in Fort Myers, FL is roughly $441K. That puts it reasonable relative to the FL statewide average.
You know 33913 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33913 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33913 ranks in Cape Coral-Fort Myers, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33913 (Fort Myers)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33913 (Fort Myers, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.