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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −3.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +2.2% YoY, is the number to watch.
The median listing price is down 3.1% YoY while the median home got down 0.9% bigger, so value per square foot is down 4.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $339K purchase rents for $1,875/mo: 0.55% of price per month against the 1% rule's 1.00%.
Sales here take about 45 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 33909 itself, not its parent county.
Renters hold 29.6% of this ZIP's 14,091 occupied households, on a median household income of $73K.
| Measure | ZIP 33909 | Lee County | Difference |
|---|---|---|---|
| Median Household Income | $73K | $76K | -$3K |
| Below Poverty Level | 12.6% | 12.0% | +0.6% |
| Median Age | 38.30 | 49.00 | -10.70 |
| Total Population | 40,231 | 817,666 | -- |
| Avg Household Size | 2.85 | 2.45 | +0.40 |
| Owner-Occupied | 70.4% | 74.3% | -3.9% |
| Worked From Home | 12.3% | 15.4% | -3.1% |
| Mean Commute | 31.40 | 29.40 | +2.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 3.2% to 817,666: residents under 18 are up 2.8% and those 65 and over are up 3.1%.
County median household income is $76K, 12.0% of residents are below the poverty level, 15.4% work from home.