How much is a home worth in ZIP code 33905?

The typical home in 33905 is worth $288,532, based on the Zillow Home Value Index.

Are home values rising in 33905?

Home values in 33905 are down 7.5% over the past year, and up 5.0% a year over five years.

What is the typical rent in 33905?

A typical home in 33905 rents for about $1,883 a month, a gross rental yield of 7.8%.

What is the property tax rate in 33905?

The effective property tax rate in 33905 is 0.8% — roughly $2,272 a year on a typical home.

ZIP code 33905 has a population of 41,381 and a median household income of $71,987.

HousingHandbookReference data

…

U.S. ZIP Code · FL33905

Lee County · Cape Coral-Fort Myers, FL

Typical home value

$288,532^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -7.5%
5-year / yr: +5.0%
10-year / yr: +6.6%

Relative price

vs U.S.: +1.6%
vs metro: -15.5%
vs state: -16.8%

Price history

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

The typical home in 33905 is worth $288,532 — 15.5% below the Cape Coral-Fort Myers, FL median. Over the past year, values have fallen 7.5%. Homes here rent for a typical $1,883 a month — a 7.8% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,883^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,272^[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: 41,381^[3]
Median household income: $71,987^[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: 10
Elementary: 5
Middle: 1
High: 3

RIVERDALE HIGH SCHOOL
High · Grades 9–12 · LEE
1,870 students
OAK HAMMOCK MIDDLE SCHOOL
Middle · Grades 6–8 · LEE
1,422 students
ORANGE RIVER ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
733 students
MANATEE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
640 students
JAMES STEPHENS ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
541 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 yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$22,593

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$1,459

Loan principal$230,825

Down payment$57,706

Total interest paid$294,405

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 ratio1.00

Monthly cost to own$1,889

Monthly rent$1,883

Owning and renting are roughly even.

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: 56th percentile^[1]
Rental yield: 64th percentile^[2]
Property tax: 55th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33905?: The typical home in 33905 is worth $288,532, based on the Zillow Home Value Index.
Are home values rising in 33905?: Home values in 33905 are down 7.5% over the past year, and up 5.0% a year over five years.
What is the typical rent in 33905?: A typical home in 33905 rents for about $1,883 a month, a gross rental yield of 7.8%.
What is the property tax rate in 33905?: The effective property tax rate in 33905 is 0.8% — roughly $2,272 a year on a typical home.
Who lives in 33905?: ZIP code 33905 has a population of 41,381 and a median household income of $71,987.

#Comparable ZIPs

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

33976 vs 33905 →
Lehigh Acres CDP, FL
Typical home
$289,005
Gross yield
8.5%
33971 vs 33905 →
Lehigh Acres CDP, FL
Typical home
$289,637
Gross yield
8.2%
33974
Lehigh Acres CDP, FL
Typical home
$291,657
Gross yield
8.2%
33973
Lehigh Acres CDP, FL
Typical home
$283,060
Gross yield
7.1%
33917
North Fort Myers CDP, FL
Typical home
$294,416
Gross yield
8.0%
33909
Cape Coral, FL
Typical home
$298,038
Gross yield
7.5%

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#Jump to section

U.S. ZIP Code · FL33905

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