Appreciation for MSAs:.

Let's start by comparing Cape Coral Fort Myers, Florida to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 22.00% (+ 11.00% yearly) for the Cape Coral Fort Myers, Florida MSA.

The entire state of FL had + 20.94% appreciation (+ 10.47% yearly). The Cape Coral Fort Myers, Florida MSA beat out the state. by + 5.06% appreciation.

Cape-Coral-Fort-Myers-FL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 150.66 + 2.85% + 11.41%
2002 3 155.98 + 3.53% + 14.12%
2002 4 160.94 + 3.18% + 12.72%
2003 1 163.76 + 1.75% + 7.01%
2003 2 168.28 + 2.76% + 11.04%
2003 3 172.25 + 2.36% + 9.44%
2003 4 178.71 + 3.75% + 15.00%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a Fort Myers, Florida Refinance, or Fort Myers, Florida Reverse Mortgages, you could estimate your home value.

If you knew your Fort Myers, Florida home was worth $105,000.00 in 2002, you could multiply by + 22.00%, add the gain and see the home should be worth $128,103.15 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 2002 to 2003:
+ 11.00%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 33901 - FORT MYERS, FL

MSA Pop: 492210
Zip Pop: 21072
Avg Value: 88500
County: LEE
Elev: 10
Region: South
Lat: 26.628545
Long: -81.86739