What's a good cap rate in Fort Myers?

In Fort Myers, cap rates typically run around 5.8% (Florida state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Fort Myers deal lands versus this benchmark.

What's the average rent for a rental in Fort Myers?

A typical rental in Fort Myers runs about $1,961–$2,560/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Florida?

Florida's effective property tax rate is about 0.89% of value per year — the figure TrueCap applies by default for Fort Myers deals. You can override it with the exact local rate.

Fort Myers, FL

Fort Myers rental property analysis

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 market

Mid-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 June 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.

Is Fort Myers a good place to buy rentals?

Growth and demand are strong, but coastal insurance and hurricane risk are the swing factors — quote them hard before you offer.

See the full Floridainvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Fort Myers

Cape Coral

Adjacent; newer SFRs, family renters, growth.

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.

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