Introduction
Fort Myers, a coastal city in Southwest Florida, is known for its sunny weather, beaches, and vibrant downtown area, making it an attractive location for short-term rental investments. Each ZIP code in Fort Myers offers unique characteristics, promising different levels of gross yield, annual revenue, and property values. Here’s a closer look at the top-performing submarkets in Fort Myers.
33916 – Downtown Fort Myers/River District
- Gross Yield: 10%
- Annual Revenue: $25,018
- Zillow Home Value: $241.7K
ZIP code 33916 covers the downtown area and River District of Fort Myers, known for its historic architecture, waterfront views, and a growing arts scene. With a gross yield of 10%, this area is appealing to investors looking for a balance between affordable home prices and stable revenue streams. The River District is popular with tourists and locals alike, making it an excellent choice for short-term rentals, especially for travelers looking for proximity to nightlife, restaurants, and the Caloosahatchee River.
33908 – South Fort Myers/Estero Bay Area
- Gross Yield: 10%
- Annual Revenue: $39,366
- Zillow Home Value: $390.5K
Located in South Fort Myers, ZIP code 33908 is near Estero Bay and several upscale residential communities. With a strong gross yield of 10% and an impressive annual revenue of $39,366, this area is ideal for higher-end rental properties that cater to travelers seeking luxury and convenience. Proximity to beaches, golf courses, and upscale shopping centers adds to the appeal, though the higher home value reflects the desirability of this prime location.
33907 – College Parkway/McGregor Corridor
- Gross Yield: 10%
- Annual Revenue: $23,929
- Zillow Home Value: $240.7K
ZIP code 33907 includes neighborhoods along the College Parkway and McGregor Boulevard corridors, offering convenient access to both downtown Fort Myers and local shopping areas. This area features a mix of single-family homes and condos, attracting a broad demographic, from vacationing families to working professionals. With a gross yield of 10%, investors can expect a decent return on investment, while the lower home values provide an affordable entry point for new investors in the Fort Myers market.
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33919 – Whiskey Creek/McGregor Estates
- Gross Yield: 7%
- Annual Revenue: $21,672
- Zillow Home Value: $301.5K
The 33919 ZIP code, covering Whiskey Creek and the McGregor Estates area, is known for its well-established neighborhoods and scenic beauty along the Caloosahatchee River. With a gross yield of 7%, this region appeals to those looking for stability and potential property appreciation. Though the yield is slightly lower, the combination of scenic residential areas and proximity to Fort Myers Beach makes it attractive for vacationers, particularly those looking for a peaceful retreat within reach of the city’s amenities.
33901 – Central Fort Myers
- Gross Yield: 7%
- Annual Revenue: $20,756
- Zillow Home Value: $298.5K
ZIP code 33901 encompasses central Fort Myers, including parts of the historic Edison Park neighborhood and close to the Thomas Edison and Henry Ford winter estates. This area is known for its cultural attractions and proximity to the downtown area, making it an appealing choice for history enthusiasts and tourists. While the gross yield is 7%, the location’s heritage appeal and unique attractions give it a steady stream of visitors, contributing to consistent rental demand.
Conclusion
Investing in Fort Myers offers a variety of choices, from waterfront luxury properties to historic central locations. Each ZIP code provides different advantages based on property values, expected revenue, and neighborhood characteristics, making Fort Myers a dynamic and promising market for short-term rental investors.
