Markets › FL › Fort Myers / Cape Coral

Fort Myers / Cape Coral, FL

Daily-refreshed real estate signals + Three-Opinion home-price methodology for Fort Myers / Cape Coral, FL. Built for agents; free to read.

Fort Myers / Cape Coral, FL’s median sale price is $331K as of Aug 2026 — -3.7% year over year. Pecan Street tracks Fort Myers / Cape Coral with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.

Headline

Median sale price

Aug 2026

$331K

-3.7% year-over-year

How it’s calculated

Rolling 3-month median sale price vs. same 3 months one year prior.

Mortgage rate

Sep 18, 2026

7.04%

30-year fixed

Where it comes from

National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.

The same rate appears on every market page.

Monthly payment

Principal & interest

$1,766/mo

$76K/yr income needed

How it’s calculated

Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.

Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.

How Fort Myers / Cape Coral compares to other U.S. metros

Asking-vs-sale gap	↑1st of 85 (top 2%)
Days on market	↑3rd of 194 (top 2%)
Home-price growth	↓185th of 195
Price-to-rent	↓175th of 195
Price cuts	↓165th of 194

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Price-to-rent ratio	≈ 11 -8.9% YoY ↓175th of 195
Asking price / sq ft	$232 -5.9% YoY

Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market pressure

Listings with a price cut	≈ 29% -1.5 pts YoY ↓165th of 194
New housing units permitted	1,138

The median asking price $380K runs about 15% above the median sale price $331K.

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data	12 shown of 34
MLS board of record	—
Price methodology	Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI
Data as of	Aug 2026

Recent signals

No signals flagged for this market right now.

Price reconciliation

amber · 2.8pp

Redfin (city)

-3.7%

FHFA HPI · Q2 2026

-0.9%

Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

More markets in FL

Daytona Beach Jacksonville Lakeland Melbourne / Palm Bay Miami / Fort Lauderdale Naples Orlando Pensacola Sarasota / Bradenton Tampa / St. Petersburg

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ZIP-level data

ZIP	Median list price	Active listings	New listings	Price reductions	Days on market	Home value
33904	$411K↓	411↓	104↑	100↓	99↓	$339K↓
33908	$370K↓	629↓	68↓	140↓	114↓	$319K↓
33909	$340K↓	421↓	124↓	180↓	78↓	$293K↓
33913	$462K↓	379↓	88↓	104↓	94↓	$440K↓
33914	$525K↓	541↓	104↓	184↓	89↓	$424K↓
33919	$240K↓	367↓	56↓	88↓	94↓	$243K↓
33931	$759K↓	387↓	44↓	48↑	130↓	$488K↓
33971	$322K↓	358↓	84↓	128↓	83↑	$284K↓
33974	$320K↓	422↓	96↓	128↓	92↑	$286K↓
33993	$400K↓	738↓	180↑	280↓	84↓	$326K↓
34134	$989K↑	327↓	56	40↓	137↑	$631K↓
34135	$499K↑	431↓	92↓	76↓	94↓	$458K↓

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.