Rental numbers for Lee County, FL
The typical home here runs -$967 a month at 7.78% with 25% down, breaking even at about 1.3%. 0 of 29 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.3%.
- Gross yield
- 6.6%
- typical home, Zillow
- Median ZIP yield
- 7.3%
- 29 ZIPs with full data
- Cash flow
- -$967/mo
- at 7.78%, 25% down
- Typical price
- $335,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,852/mo
- Zillow ZORI, Aug 2026
ZIP codes in Lee County
34 with published figures
| 33916Fort Myers | $210,000 | $1,608 | 9.2% | 4.7% | -$312 | -4.9% |
| 33976Lehigh Acres | $283,000 | $2,079 | 8.8% | 4.9% | -$380 | +1.6% |
| 33931Fort Myers Beach | $487,000 | $3,525 | 8.7% | 5.1% | -$570 | n/a |
| 33920Alva | $380,000 | $2,700 | 8.5% | 4.8% | -$525 | n/a |
| 33907Fort Myers | $199,000 | $1,409 | 8.5% | 4.1% | -$394 | -1.9% |
| 33971Lehigh Acres | $285,000 | $2,005 | 8.5% | 4.5% | -$454 | +2.1% |
| 33919Fort Myers | $244,000 | $1,669 | 8.2% | 4.2% | -$466 | -0.4% |
| 33956Saint James City | $430,000 | $2,940* | 8.2% | 4.5% | -$696 | n/a |
| 33903North Fort Myers | $223,000 | $1,512 | 8.1% | 3.8% | -$499 | n/a |
| 33936Lehigh Acres | $237,000 | $1,601 | 8.1% | 4.0% | -$485 | -4.4% |
| 33974Lehigh Acres | $287,000 | $1,888 | 7.9% | 4.1% | -$571 | -2.1% |
| 33909Cape Coral | $293,000 | $1,885 | 7.7% | 3.8% | -$660 | -2.3% |
| 33905Fort Myers | $282,000 | $1,798 | 7.7% | 3.8% | -$637 | -3.8% |
| 33972Lehigh Acres | $313,000 | $1,974 | 7.6% | 3.9% | -$663 | -0.1% |
| 33917North Fort Myers | $290,000 | $1,786 | 7.4% | 3.4% | -$731 | -0.3% |
| 33993Cape Coral | $326,000 | $1,996 | 7.3% | 3.5% | -$795 | +4.8% |
| 33967Fort Myers | $352,000 | $2,121 | 7.2% | 3.8% | -$797 | +3.7% |
| 33990Cape Coral | $322,000 | $1,923 | 7.2% | 3.5% | -$803 | -0.9% |
| 33973Lehigh Acres | $279,000 | $1,651 | 7.1% | 3.3% | -$740 | -4.9% |
| 33901Fort Myers | $257,000 | $1,493 | 7.0% | 2.9% | -$755 | -1.9% |
| 33908Fort Myers | $319,000 | $1,851 | 7.0% | 3.3% | -$848 | -0.4% |
| 33904Cape Coral | $338,000 | $1,952 | 6.9% | 3.2% | -$920 | -3.5% |
| 33928Estero | $472,000 | $2,508 | 6.4% | 3.0% | -$1,346 | +0.5% |
| 34134Bonita Springs | $629,000 | $3,322 | 6.3% | 3.2% | -$1,689 | +3.4% |
| 33966Fort Myers | $334,000 | $1,754 | 6.3% | 2.7% | -$1,051 | -3.7% |
| 33912Fort Myers | $376,000 | $1,968 | 6.3% | 2.8% | -$1,162 | -0.2% |
| 33991Cape Coral | $359,000 | $1,864 | 6.2% | 2.6% | -$1,153 | +2.5% |
| 34135Bonita Springs | $457,000 | $2,365 | 6.2% | 2.9% | -$1,354 | +0.6% |
| 33913Fort Myers | $439,000 | $2,057 | 5.6% | 2.1% | -$1,580 | +6.3% |
| 33914Cape Coral | $421,000 | $1,960 | 5.6% | 2.2% | -$1,484 | -1.6% |
| 33922Bokeelia | $360,000 | $1,660* | 5.5% | 2.1% | -$1,308 | n/a |
| 33957Sanibel | $794,000 | $2,900* | 4.4% | 1.6% | -$3,235 | n/a |
| 33924Captiva | $1,064,000 | $2,300* | 2.6% | 0.2% | -$5,589 | n/a |
| 33921Boca Grande | $2,272,000 | $1,660* | 0.9% | -0.9% | -$13,907 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -4.4%
- Rent, 12 months
- -0.4%
- Rent minus price growth
- +4.0 pts
- Property tax
- 0.79%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $309,294 | $1,597 |
| Aug 2022 | $413,244 | $1,893 |
| Aug 2023 | $406,308 | $1,981 |
| Aug 2024 | $389,821 | $1,929 |
| Aug 2025 | $350,772 | $1,860 |
| Aug 2026 | $335,409 | $1,852 |
HUD Fair Market Rent
FY2027, Cape Coral-Fort Myers, FL MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,555 | $1,564 | $1,835 | $2,373 | $2,615 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 34.3
- 11,252 units, last 12 months
- National percentile
- 98th
- among US counties
Tools
Test a listing in Lee County against today's rate.
Open the calculatorPart of the Cape Coral, FL metro.
Questions
- Is Lee County good for rental property?
- The typical home here runs -$967 a month at 7.78% with 25% down, breaking even at about 1.3%. 0 of 29 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.3%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Lee County?
- About 0.79% of value, from Census ACS median taxes paid over median home value. On a $335,000 home that is about $2,646 a year.
- What is Fair Market Rent in Lee County?
- HUD's FY2027 Fair Market Rent here is $1,564 for a 1-bedroom, $1,835 for a 2-bedroom and $2,373 for a 3-bedroom. Typical cash flow at today's rate is -$967 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.