Home Values

33908 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$225,300

  • 10.3% 1-year change
  • 3.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in 33908 is $225,300. 33908 home values have gone up 10.3% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in 33908 is $157, which is higher than the Fort Myers average of $126. The median price of homes currently listed in 33908 is $298,900 while the median price of homes that sold is $204,593. The median rent price in 33908 is $2,600, which is higher than the Fort Myers median of $1,599.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 33908 is 5.6%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 33908 homeowners underwater on their mortgage is 12.9%, which is lower than Fort Myers at 18.0%.

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Relative ZHVI
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33908 Market Overview

Data through Dec 31, 2014
  • $225,300 ZHVI
  • 3.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $298,900 Median listing price
  • $204,593 Median sale price
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33908 Market Health

Data through Dec 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
33931 $390,700
33912 $253,300
33914 $244,300
Name Median ZHVI
33966 $187,100
33904 $181,700
33967 $172,400
Name Median ZHVI
33990 $166,600
33919 $151,200
33907 $116,300

Listings & Sales

Data through Dec 31, 2014
  • $157 Median list price / sq ft
  • $136 Median sale price / sq ft
  • 11.9% Listings with price cut
30.5%
Sold below listing
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33908 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,640 Fort Myers
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,600 Rent list price
  • No data Rent list price / sq ft
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