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Housing Profile
Lee County, Florida
  • Population, 2015: 665843. Lee County ranks # 8 of Florida's 67 counties in population.
  • Households, 2015: 268614
  • Homeownership Rate, 2015: 70.9%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Lee County is projected to have a population of 1055004, ranking it # 7 of Florida's 67 counties.

Projected Total Population, Lee County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Lee County 618754 665843 754804 839501 918301 991198 1055004
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $240739. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $70108.
  • Condominium, average just value, 2016: $199084.

Home Sales Prices

  • The average sales price for a single family home was $301518 in 2016. The median sales price that year was $217225, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Lee County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Lee County Condominiums 99900 108200 115450 119050 128800 135000 145000 157500 177600 230000 258000 250700 185900 135000 132500 127000 142500 150000 171153 183475 178000
Lee County Single Family Homes 107000 115000 116850 123900 128700 138000 152000 167500 195950 263000 279900 262500 152000 102000 111400 122500 157000 200000 223515 229900 217225
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Lee County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Lee County 939 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Lee County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $681 for a studio apartment, $730 for a one-bedroom, $911 for a two-bedroom, $1195 for a three-bedroom, and $1255 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Lee County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Lee County 249 943 2345 13788 24653 22426 7704 3466 75574
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 76 licensed manufactured housing parks in Lee with 14777 lots in 2012.
  • There are 2068 licensed condominium developments in Lee with 87920 units in 2012. Of these, 79 properties with 5641 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Lee County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Lee County Lee One to four-family (other than manufactured housing) 40277 34289 14748 8540 8030 7334 6748 11168 14078 16538
Lee County Lee Manufactured housing 632 338 212 113 64 58 40 91 117 146
Lee County Lee Multifamily 28 22 5 10 6 7 8 24 13 18
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

  • The Ft. Myers-Cape Coral MSA had a foreclosure rate for 1-4 unit homes of 8.25% and a serious delinquency (90+ day) rate of 3.93% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 104709 Lee County households (39%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 51140 households in Lee County (19%) pay more than 50% of income for housing.

Households by Cost Burden, Lee County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 163905 53569 51140
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Lee County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 126754 32882 30681
Renter 37151 20687 20459
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Lee County and the surrounding metro area, the HUD-estimated median income for a family of four is $56400 in 2016.

Households by Income and Cost Burden, Lee County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 1777 1802 19416
30.01-50% AMI 5762 7910 13474
50.01-80% AMI 17597 17556 9391
80.01+% AMI 138769 26301 8859
Total 163905 53569 51140
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 98367 households in Lee County (36.6%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 84545 of elderly households in Lee (85.9%) own their homes.
  • 32895 elderly households (33%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Lee County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 65472 16351 16544
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Lee County was 3271 square feet.

Year Structure Built, Lee County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Lee County 130863 66928 80159 59036 21073 9745 2222 2743 372769 35.1 18.0 21.5 15.8 5.7 3.9
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Lee County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Lee County 6371 2.6 3159 1.3 6380 1.7 4577 1.2
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File