Estero, Florida
Lee County Real Estate - Estero
Estero is in South West Florida. It's population as recorded in the 2010 Census was 22,612. Estero is approximately 12 miles from Cape Coral (population 154,305) and around 17 miles from Lehigh Acres (population 86,784).
The median age for residents of Estero is 62.2. Around 10.3% of Estero households include school aged children and 54.6% of households include individuals aged 65 years or over. Census records indicate 95.2% of the Estero population are White, 1% are Black or African American, .1% American Indian, 1.3% Asian and .8% are Two or more Races.
There are 18,479 housing units in Estero. 7,213 (39%) of these were reported as vacant in the 2010 Census. Estero is a tourist destination, 77.5% (5,595) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,405 residential rental units in Estero. 1,930 of them were occupied in 2010 providing a residential rental vacancy rate of 18%.
Estero links:
Estero is located in Lee County. It has a population of approximately 22,612 people. The population increased X from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 4.3% for Lee County and a 1.7% increase for the country as a whole. Estero occupies 20.02 of the 784.51 square miles in Lee County. It had a population density of 1129.2 persons per square mile in 2010. This compared to 788.7 for the county, 350.6 for Florida and 87.4 for the country.
5.0% ( 18,479) of the 372,117 housing units in Lee County are in Estero (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Estero has a 86.3% homeownership rate compared to Lee County's 73.8% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Lee County | 618,754 | $13,839 | 4.3% | $49,444 | 372,117 | $181,000 |
| Estero | 22,612 | $539 | X | $62,031 | 18,479 | $281,600 |
Estero's medium household income in 2011 was $62,031. Lee County's medium household income was $49,444, which is higher than the medium income for Florida as a whole: $47,827. 6.0% of the population in Estero lives below the poverty line, compared to 14.7% in Florida, 13.5% of the population in Lee County and 14.3% nationwide. Additional Information:
Estero Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Estero. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $539 million, Estero's economic activity represents 3.90% of Lee County's $13,839MM in economic activity. Lee County represents 2.19% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $0 | 0.0% |
| Merchant wholesaler sales | $11 | 2.1% |
| Retail sales | $422 | 78.4% |
| Accommodation and food services sales | $105 | 19.5% |
| Total | $539 | 100% |
Lee County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Bonita Springs | 43,914 | $956 | 5.5% | $53,274 | 31,716 | $269,300 |
| Cape Coral | 154,305 | $1,571 | 4.5% | $51,407 | 78,948 | $181,900 |
| Estero | 22,612 | $539 | X | $62,031 | 18,479 | $281,600 |
| Fort Myers Beach | 6,277 | $143 | 3.8% | $55,213 | 9,420 | $415,300 |
| Fort Myers Beach | 6,277 | $143 | 3.8% | $55,213 | 9,420 | $415,300 |
| Lehigh Acres | 86,784 | $407 | X | $44,042 | 38,995 | $120,100 |
| North Fort Myers | 39,407 | $517 | X | $39,754 | 27,108 | $89,400 |
| Sanibel | 6,469 | $161 | 4.2% | $88,906 | 7,821 | $644,900 |
Lee County is located in Southwest Florida. This region is responsible for 3.9% of Florida's economic activity. Lee County represents 56.2% of the region's economy.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Charlotte County | 159,978 | $2,288 | 1.5% | $45,112 | 100,612 | $166,700 |
| Lee County | 618,754 | $13,839 | 4.3% | $49,444 | 372,117 | $181,000 |
| Collier County | 321,520 | $8,479 | 3.4% | $56,876 | 198,423 | $317,200 |
| Total | 1,140,169 | $24,606 | 3.1% | $50,477 | 671,152 | $221,633 |
Estero Real Estate
There are 12,991 properties in Estero. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 363 | 2.79 | 1 | $430,000 | $175 | May 1st, 2014 | May 1st, 2014 |
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 111 | 0.85 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 4 | 0.03 | 1 | $7,000,000 | $95 | September 1st, 2014 | September 1st, 2014 |
| Industrial | 1 | 0.01 | 0 | n/a | n/a | n/a | n/a |
| Miscellaneous Property | 9 | 0.07 | 0 | n/a | n/a | n/a | n/a |
| Mobile/Manufactured | 1,948 | 14.99 | 113 | $57,000 | $68 | January 1st, 2014 | September 1st, 2014 |
| Multifamily | 22 | 0.17 | 2 | $715,750 | $274 | February 1st, 2014 | April 1st, 2014 |
| Office | 36 | 0.28 | 1 | $6,000,000 | $827 | February 1st, 2014 | February 1st, 2014 |
| Residential | 10,393 | 80.00 | 675 | $257,800 | $92 | January 1st, 2014 | September 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 82 | 0.63 | 5 | $545,000 | $136 | January 1st, 2014 | April 1st, 2014 |
| Senior Housing | 1 | 0.01 | 0 | n/a | n/a | n/a | n/a |
| Special Purpose | 14 | 0.11 | 0 | n/a | n/a | n/a | n/a |
| Sports & Entertaining | 7 | 0.05 | 1 | $2,000,000 | $129 | February 1st, 2014 | February 1st, 2014 |
Agricultural Real Estate in Estero, Florida
363( 2.79%) of the properties in Estero are classified as Agricultural. 1 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $430,000. The median sales price was $430,000. In 2014 the median sales price for Agricultural in Estero was $175 per sq ft.
Commercial Real Estate in Estero, Florida
0( .00%) of the properties in Estero are classified as Commercial.
Government Real Estate in Estero, Florida
111( .85%) of the properties in Estero are classified as Government.
Hotel & Motel Real Estate in Estero, Florida
4( .03%) of the properties in Estero are classified as Hotel & Motel. 1 of them sold between September 1st, 2014 and September 1st, 2014. The total value of these sales was $7,000,000. The median sales price was $7,000,000. In 2014 the median sales price for Hotel & Motel in Estero was $95 per sq ft.
Industrial Real Estate in Estero, Florida
1( .01%) of the properties in Estero are classified as Industrial.
Miscellaneous Real Estate in Estero, Florida
9( .07%) of the properties in Estero are classified as Miscellaneous.
Mobile/Manufactured Real Estate in Estero, Florida
1,948( 14.99%) of the properties in Estero are classified as Mobile/Manufactured. 113 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $6,652,020. The median sales price was $57,000. In 2014 the median sales price for A Class Mobile/Manufactured in Estero was $89 per sq ft, B Class properties sold for $68/ft and C Class $42/ft.
Multifamily Real Estate in Estero, Florida
22( .17%) of the properties in Estero are classified as Multifamily. 2 of them sold between February 1st, 2014 and April 1st, 2014. The total value of these sales was $1,431,500. The median sales price was $715,750. In 2014 the median sales price for Multifamily in Estero was $274 per sq ft.
Office Real Estate in Estero, Florida
36( .28%) of the properties in Estero are classified as Office. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $6,000,000. The median sales price was $6,000,000. In 2014 the median sales price for Office in Estero was $827 per sq ft.
Residential Real Estate in Estero, Florida
10,393( 80.00%) of the properties in Estero are classified as Residential. 675 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $199,314,142. The median sales price was $257,800. In 2014 the median sales price for A Class Residential in Estero was $149 per sq ft, B Class properties sold for $92/ft and C Class $63/ft.
Residential Real Estate in Estero, Florida
0( .00%) of the properties in Estero are classified as Residential.
Retail Real Estate in Estero, Florida
82( .63%) of the properties in Estero are classified as Retail. 5 of them sold between January 1st, 2014 and April 1st, 2014. The total value of these sales was $8,091,400. The median sales price was $545,000. In 2014 the median sales price for Retail in Estero was $136 per sq ft.
Senior Housing Real Estate in Estero, Florida
1( .01%) of the properties in Estero are classified as Senior Housing.
Special Purpose Real Estate in Estero, Florida
14( .11%) of the properties in Estero are classified as Special Purpose.
Sports & Entertaining Real Estate in Estero, Florida
7( .05%) of the properties in Estero are classified as Sports & Entertaining. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $2,000,000. The median sales price was $2,000,000. In 2014 the median sales price for Sports & Entertaining in Estero was $129 per sq ft.
Estero, Lee County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 324 | 207,458 |
| Government Property | 118 | 763,472 |
| Hotel & Motel | 4 | 274,226 |
| Industrial | 1 | 94,995 |
| Land | 2,415 | 2,702,435 |
| Miscellaneous Property | 8 | 5,794 |
| Mobile/Manufactured | 1,930 | 1,892,771 |
| Multifamily | 22 | 399,919 |
| Office | 44 | 401,739 |
| Residential | 10,058 | 29,693,797 |
| Retail | 89 | 4,251,101 |
| Senior Housing | 1 | 91,225 |
| Special Purpose | 13 | 189,679 |
| Sports & Entertaining | 11 | 531,319 |
Estero Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| Auto sales, auto repair and storage or auto service shop | 2016 | $272 | $32 | $106 | $16 | $57 | $8 |
| Bowling alley, skating rink, pool hall or enclosed arena | 2016 | $272 | $37 | $106 | $17 | $57 | $7 |
| Centrally assessed | 2016 | $272 | $42 | $106 | $15 | $57 | $6 |
| Church | 2016 | $272 | $24 | $106 | $12 | $57 | $7 |
| Community Shopping Center | 2016 | $127 | $32 | $73 | $16 | $50 | $8 |
| Condominium | 2016 | $127 | $16 | $73 | $16 | $50 | $16 |
| County Owned | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Cropland soil capability Class I | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Cropland soil capability Class III | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Dairies, feed lots | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Department Store | 2016 | $127 | $32 | $73 | $16 | $50 | $8 |
| Drive-in Restaurant | 2016 | $272 | $32 | $106 | $16 | $57 | $8 |
| Enclosed theater or auditorium | 2016 | $272 | $37 | $106 | $17 | $57 | $7 |
| Federal Owned | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $272 | $32 | $106 | $16 | $57 | $8 |
| Florist or greenhouse | 2016 | $272 | $32 | $106 | $16 | $57 | $8 |
| Forest, park or recreational area | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Golf course or driving range | 2016 | $272 | $37 | $106 | $17 | $57 | $7 |
| Government Undefined | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Grazing land soil capability Class I | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Grazing land soil capability Class II | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Grazing land soil capability Class III | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Grazing land soil capability Class IV | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Grazing land soil capability Class V | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Hotel or motel | 2016 | $272 | $33 | $106 | $33 | $57 | $33 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $127 | $32 | $73 | $16 | $50 | $8 |
| Mobile Home | 2016 | $127 | $6 | $73 | $6 | $50 | $6 |
| Multi-family - 10 units or more | 2016 | $127 | $22 | $73 | $13 | $50 | $7 |
| Multi-family - less than 10 units | 2016 | $127 | $22 | $73 | $13 | $50 | $7 |
| Municipal Owned | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Office building, non-professional service building, multi-story | 2016 | $127 | $30 | $73 | $18 | $50 | $11 |
| Office building, non-professional service building, one story | 2016 | $127 | $30 | $73 | $18 | $50 | $11 |
| Orchard Groves, Citrus, etc. | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Ornamentals, miscellaneous agricultural | 2016 | $272 | $67 | $106 | $13 | $57 | $10 |
| Orphanage, other non-profit or charitable services | 2016 | $272 | $24 | $106 | $12 | $57 | $7 |
| Poultry, bees, tropical fish, rabbits, etc. | 2014 | $207 | $24 | $73 | $13 | $52 | $10 |
| Professional service building | 2016 | $272 | $30 | $106 | $18 | $57 | $11 |
| Public county school | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Regional Shopping Center | 2016 | $127 | $32 | $73 | $16 | $50 | $8 |
| Restaurant, cafeteria | 2016 | $272 | $32 | $106 | $16 | $57 | $8 |
| Retirement Home not eligible for exemption. | 2016 | $127 | $15 | $73 | $10 | $50 | $9 |
| Service station | 2016 | $272 | $32 | $106 | $16 | $57 | $8 |
| Single Family | 2016 | $127 | $16 | $73 | $16 | $50 | $16 |
| State Owned | 2016 | $272 | $30 | $106 | $15 | $57 | $7 |
| Store, one story | 2016 | $127 | $32 | $73 | $16 | $50 | $8 |
| Supermarket | 2016 | $127 | $32 | $73 | $16 | $50 | $8 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $127 | $16 | $73 | $16 | $50 | $16 |
| Utility | 2016 | $272 | $42 | $106 | $15 | $57 | $6 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $272 | $17 | $106 | $10 | $57 | $5 |