Cape Coral-Fort Myers, FL · Florida
Lee County
792,692 residents13,217 permits TTM$73,099 median HHI34 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$326,300
ACS 5-Year
Cap rate proxy
5.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
26.2%
HUD FMR ÷ ACS HHI
Net migration
+3.15%
IRS SOI
Permits (TTM)
13,217
Census BPS
Climate risk
99.0
FEMA NRI (0–100)
ZIP code breakdown34 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 33916 | — | — | — | 8.8% | 19.5% |
| 33903 | — | — | — | 9.6% | 6.9% |
| 33907 | — | — | — | 7.7% | 32.0% |
| 33919 | — | — | — | 8.0% | 14.2% |
| 33901 | — | — | — | 7.4% | 18.2% |
Ranked by composite score
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Demographics
Owner-occupied
74.0%
Census ACS
Vacancy rate
25.7%
Census ACS
Bachelor's degree +
30.8%
Census ACS
Rent burdened
55.6%
Census ACS (>30% income)
Median age
49.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026