1031 Exchange Fort Myers, Florida

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Fort Myers due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan area Area

Fort Myers, Florida is a part of the Cape Coral-Fort Myers, FL metropolitan area area, and contains 15 zip codes, including: 33905, 33916, 33907, 33967, 33994, and 33902.

Fort Myers Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Fort Myers, FL metropolitan area area was $1,020, which is 20.28% lower than 2014 average rent. This represents a compounded annual growth rate of 3.76%. 2019 vacancy in Fort Myers, FL was 5.90%.

The total population of the city of Fort Myers, FL has grown 32.03% since 2010. As of 2018, the population was 82,254. The median household income of the Fort Myers was $43,474, which is 27.90% lower than the national average.

  • metropolitan area area Cape Coral-Fort Myers, FL
  • avg rent $1,020
  • rent growth 20.28%
  • vacancy 5.90%
  • median income $43,474
  • population (2018) 82,254
  • population growth 32.03%
  • vs. nat'l avg 27.90%
  • zip codes 33901 33902 33905 33906 33907 33908 33911 33912 33913 33916 33919 33965 33966 33967 33994

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