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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 −0.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −27.3% YoY, is the number to watch.
The median listing price is down 0.6% YoY while the median home got up 0.3% bigger, so value per square foot is down 2.4%.
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 $396K purchase rents for $1,700/mo: 0.43% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 74 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).
U.S. Census ACS characteristics for ZIP 33990 itself, not its parent county.
Renters hold 27.4% of this ZIP's 13,640 occupied households, on a median household income of $71K.
| Measure | ZIP 33990 | Lee County | Difference |
|---|---|---|---|
| Median Household Income | $71K | $76K | -$5K |
| Below Poverty Level | 14.3% | 12.0% | +2.3% |
| Median Age | 49.30 | 49.00 | +0.30 |
| Total Population | 34,713 | 817,666 | -- |
| Avg Household Size | 2.52 | 2.45 | +0.07 |
| Owner-Occupied | 72.6% | 74.3% | -1.7% |
| Worked From Home | 11.3% | 15.4% | -4.1% |
| Mean Commute | 25.30 | 29.40 | -4.10 |
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.