11551 Dawn Cowrie Dr, Fort Myers
Lee County Real Estate - Fort Myers Beach
Fort Myers Beach is in South West Florida. It's population as recorded in the 2010 Census was 6,277. Fort Myers Beach is approximately 8 miles from Cape Coral (population 154,305) and around 23 miles from Lehigh Acres (population 86,784).
The median age for residents of Fort Myers Beach is 63.2. Around 6.4% of Fort Myers Beach households include school aged children and 54.5% of households include individuals aged 65 years or over. Census records indicate 97.7% of the Fort Myers Beach population are White, .2% are Black or African American, .1% American Indian, .5% Asian and .7% are Two or more Races.
There are 9,420 housing units in Fort Myers Beach. 5,976 (63.4%) of these were reported as vacant in the 2010 Census. Fort Myers Beach is a tourist destination, 79.5% (4,756) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,826 residential rental units in Fort Myers Beach. 841 of them were occupied in 2010 providing a residential rental vacancy rate of 52.2%.
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Lee County
Lee County is located in the southwest Florida region, along with Collier and Charlotte counties. The communities in Lee County include Bonita Springs, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, North Fort Myers, San Carlos Park, Sanibel/Captiva, and South Fort Myers. Incorporated communities are Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, and Sanibel. The population of Lee County is in excess of 600,000.
Top industries currently providing employment are trade, transportation, and utilities; leisure and hospitality; education and health services; and professional and business services. Major private sector employers in Lee County are Publix Supermarkets, Wal-Mart, Chico's FAS Inc., Bonita Bay Group, and WCI Group. Top public sector employers are Lee County School District, Lee County Administration, Lee County Sheriff's Office, and the City of Cape Coral.
Historically, Lee County was best known for its agricultural industry and still heavily produces crops such as sweet corn, cucumbers, peppers and potatoes. Seafood is also produced in large quantities in Lee County. Annually, over five million pounds of fish and two million pounds of shellfish are harvested in Lee County. Today, however, the most dominant industries are tourism, construction, and other service related industries.
The most populous city in southwest Florida is Cape Coral, home to over 150,000. The U.S. Census Bureau estimated that the city grew by 10% from 2010-2013. The city lies on a peninsula surrounded by Charlotte Harbor, with the Caloosahatchee River on the city?s southern border. There are over 400 miles of inland navigable waterways within city limits, the most of any city in the world.
Located across the Caloosahatchee, the county seat of Fort Myers has a population over 60,000 people. The economic heart of Lee County, the city?s strength is in the services, including the healthcare and tourism industries. Just south of the city is Florida Gulf Coast University, Florida's newest public university. Additionally, Florida SouthWestern State College, formerly Edison State College, is located within city limits.
Neighboring Properties
Local Household Income
The median household income in this part of Florida is $73,506. The bottom 10% of the population earn less than $26,913 per year. The top 10% earn more than $265,939 per year. The top 1% earn more than $652,365 per year. Most renters earn between $32,964 (20th percentile) and $70,644 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $147,012 and $183,765.
The tax assessed value of this property places it in percentile 3 of all properties in this area. This suggests it would appeal to someone earning around $13,456 per year who should qualify for a mortgage between $26,912 and $33,640.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,081. Most renters earn between $2,747 and $5,887 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $807 (20th percentile) to $1,615 (80th percentile) range. The residential vacancy rate is 19%.
This property falls in percentile 3 of all properties in this area. This corresponds to a rent of $532 per month and a monthly household income of $1,642 ($19,704 per year)
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