Cape Coral
Adjacent; newer SFRs, family renters, growth.
Fort Myers, FL
Is Fort Myers a good place to buy rental property in 2026?
Short answer: yes — for balanced buy-and-hold. Fort Myers's median cap rate of about 5.8% (Florida state median) sits near the ~6.5% national median, with typical rent at $1,961–$2,560/mo and Florida property tax near 0.89%.
Fort Myers rides Southwest Florida's fast population growth and no state income tax — strong seasonal and long-term rental demand.
Fort Myers market snapshot
Balanced marketMid-range cap rates — cash flow and appreciation are both realistically on the table.
Typical cap rate
5.8%
Florida state median
Typical rent
$1,961–$2,560/mo
HUD FMR · 2–3BR · 2026
Typical price
$300,000–$400,000
est., all-in
Property tax
0.89%
Florida effective
Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.
Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.
Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated July 2026
Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.
Why Fort Myers works for rental investors
Growth and demand are strong, but coastal insurance and hurricane risk are the swing factors — quote them hard before you offer.
See the full Florida investing guide — taxes, landlord law & top metros →
Neighborhoods to look at in Fort Myers
Lehigh Acres
Affordable, value-add, better ratios.
McGregor
Desirable, steady demand.
Neighborhood notes are starting points, not recommendations — always underwrite the specific property.
Run a Fort Myers deal in 60 seconds
Paste a Fort Myers address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Florida tax and HUD rent so you start from the right assumptions.
Try TrueCap freeFree calculators
Related reading
Explore other markets