Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$334,485−3.5% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$72,509About 0.9× the local median income ($83,479): affordable for a typical household
Days on market80 daysFaster than a year ago: sellers have the edge
Next 12 months−3.6%Zillow expects prices to dip slightly
The typical home in Lee County, FL is worth $334,485, down 3.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $370,742, so the area is 9.8% undervalued. It is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are down 13% from a year ago, 19% of listings have had a price cut. Zillow expects prices to fall about 3.6% over the next year. A household needs about $72,509 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,479. Typical rent is $1,827 a month, or $2,145 for a house. In the latest IRS figures, 4,899 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$334,485
Change in 1 year
−3.5%
Overvalued %
−9.8%
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Fair home value
$370,742
Change in 5 years
+5.9%
Zillow forecast, next 12 months
−3.6%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,813
Income needed to afford it
$72,509
Property tax rate
0.79%
Rent and investing
Typical rent
$1,827
Typical rent for houses
$2,145
Price-to-rent ratio
15.3×
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HUD Fair Market Rent, 2 bedrooms
$1,835
Gross rental yield
6.55%
Cap rate (estimate)
4.26%
Market activity
Listings vs a year ago
−12.7%
Days on market
80
Listings with a price cut
19.0%
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Homes for sale
9,635
Pending sales per 100 listings
21
Asking price per sq ft
$231
People and jobs
Median household income
$83,479
Population change (1 year)
+1.6%
Unemployment rate
4.0%
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Population
875,607
Income adjusted for cost of living
$81,602
Net moves in (IRS)
+4,899
Cost of living (US = 100)
102.3
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
99.0
Unhealthy air days a year
0
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Flood risk score
97.4
Wildfire risk score
96.6
Walkability (1 to 20)
9.2
Road, rail and air noise
54 dB
Questions people ask
Is Lee County, FL overvalued?
Home prices in Lee County, FL are slightly below what local incomes have historically supported: fair value is about $370,742, so the area is 9.8% undervalued.
Is Lee County, FL a buyer's or seller's market?
Lee County, FL is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are down 13% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Lee County, FL?
Home values in Lee County, FL are down 3.5% over the last year. Zillow's forecast for the next 12 months is −3.6%.
How much do you need to earn to buy a home in Lee County, FL?
A household needs about $72,509 a year to afford the typical home in Lee County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,479.