Fort Myers
Mortgages

Fort Myers by the numbers

Median prices: Florida Realtors, August 2026 metro report. Loan limits: HUD and FHFA.

Lee County is one of the more affordable coastal markets in Southwest Florida. The metro's median single-family price is well under the FHA limit, so FHA, conventional, VA and down payment assistance all fit most purchases. Condos are even lower, though older buildings need a close look.

What buyers in Fort Myers should know

• Hurricane Ian still shapes the market. Ian made landfall in Lee County in September 2022 and devastated Fort Myers Beach, Sanibel and riverfront areas along McGregor Boulevard. Many homes have been rebuilt or elevated since. Ask for the elevation certificate, the roof age and the repair history.
• The 50% rule. In a high-risk flood zone, repairs or improvements that equal or exceed 50% of the structure's market value (land not counted) require bringing the home up to current elevation standards. Budget for that on any damaged or older waterfront home.
• Older condos may be facing milestone inspections and new reserve requirements, which show up as higher dues or special assessments. Read the condo milestone guide.
• Investors buying in Cape Coral, Lehigh Acres or Fort Myers Beach often use DSCR loans.
• Insurance quotes vary a lot by street. Get wind and flood quotes before your inspection period ends. See the insurance guide.

Where buyers look

• McGregor corridor and the River District: historic homes and downtown condos along the Caloosahatchee.
• Gateway and the Daniels Parkway area: newer master-planned communities near the airport.
• Fort Myers Beach: rebuilt and elevated beach homes and condos.
• Lehigh Acres: some of the lowest prices in the region, popular with first-time buyers and investors.
• Estero and Bonita Springs: covered on the Bonita Springs page.
• Cape Coral: canal homes across the river. See the Cape Coral page.

Homestead and property taxes

File for the homestead exemption with the Lee County Property Appraiser by March 1 of the year after you close. Your tax bill resets to the new assessed value after a sale.