How much is a home worth in ZIP code 33903?

The typical home in 33903 is worth $232,132, based on the Zillow Home Value Index.

Are home values rising in 33903?

Home values in 33903 are down 10.4% over the past year, and up 2.7% a year over five years.

What is the typical rent in 33903?

A typical home in 33903 rents for about $1,609 a month, a gross rental yield of 8.3%.

What is the property tax rate in 33903?

The effective property tax rate in 33903 is 0.7% — roughly $1,633 a year on a typical home.

ZIP code 33903 has a population of 23,655 and a median household income of $56,993.

HousingHandbookReference data

…

U.S. ZIP Code · FL33903

Lee County · Cape Coral-Fort Myers, FL

Typical home value

$232,132^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -10.4%
5-year / yr: +2.7%
10-year / yr: +4.9%

Relative price

vs U.S.: -18.3%
vs metro: -32.0%
vs state: -33.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33903 is worth $232,132 — 32.0% below the Cape Coral-Fort Myers, FL median. Over the past year, values have fallen 10.4%. Homes here rent for a typical $1,609 a month — a 8.3% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,609^[2]
Gross yield: 8.3%^[2]
Cap rate: 5.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,633^[3]

#Climate risk

FEMA National Risk Index ratings for Lee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very High
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 23,655^[3]
Median household income: $56,993^[3]

#Migration

Household moves in and out of Lee County over a year, from IRS tax-return data.

Net migration: +2,109^[5]
Moved in: 27,809
Moved out: 25,700

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 4
Middle: 0
High: 2

NORTH FORT MYERS HIGH SCHOOL
High · Grades 9–12 · LEE
1,831 students
TROPIC ISLES ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
818 students
HANCOCK CREEK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
788 students
DR CARRIE D ROBINSON LITTLETON ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
600 students
J. COLIN ENGLISH ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
540 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.3%

Net yield (after ~40% expenses)5.0%

Annual rent$19,306

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,174

Loan principal$185,706

Down payment$46,426

Total interest paid$236,857

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.93

Monthly cost to own$1,503

Monthly rent$1,609

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 6th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 23rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33903?: The typical home in 33903 is worth $232,132, based on the Zillow Home Value Index.
Are home values rising in 33903?: Home values in 33903 are down 10.4% over the past year, and up 2.7% a year over five years.
What is the typical rent in 33903?: A typical home in 33903 rents for about $1,609 a month, a gross rental yield of 8.3%.
What is the property tax rate in 33903?: The effective property tax rate in 33903 is 0.7% — roughly $1,633 a year on a typical home.
Who lives in 33903?: ZIP code 33903 has a population of 23,655 and a median household income of $56,993.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33916 vs 33903 →
Fort Myers, FL
Typical home
$218,073
Gross yield
8.9%
33919 vs 33903 →
Cypress Lake CDP, FL
Typical home
$251,703
Gross yield
7.9%
33907
Villas CDP, FL
Typical home
$207,438
Gross yield
7.9%
33901
Fort Myers, FL
Typical home
$264,506
Gross yield
7.2%
33973
Lehigh Acres CDP, FL
Typical home
$283,060
Gross yield
7.1%
33905
Buckingham CDP, FL
Typical home
$288,532
Gross yield
7.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 33903 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL33903

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