Written by: Sanjin Hadziomerovic
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.
