How much is a home worth in ZIP code 33908?

The typical home in 33908 is worth $326,270, based on the Zillow Home Value Index.

Are home values rising in 33908?

Home values in 33908 are down 10.5% over the past year, and up 2.7% a year over five years.

What is the typical rent in 33908?

A typical home in 33908 rents for about $1,781 a month, a gross rental yield of 6.6%.

What is the property tax rate in 33908?

The effective property tax rate in 33908 is 0.7% — roughly $2,405 a year on a typical home.

ZIP code 33908 has a population of 37,423 and a median household income of $75,396.

HousingHandbookReference data

…

U.S. ZIP Code · FL33908

Lee County · Cape Coral-Fort Myers, FL

Typical home value

$326,270^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -10.5%
5-year / yr: +2.7%
10-year / yr: +2.7%

Relative price

vs U.S.: +14.9%
vs metro: -4.4%
vs state: -5.9%

Price history

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

The typical home in 33908 is worth $326,270 — 4.4% below the Cape Coral-Fort Myers, FL median. Over the past year, values have fallen 10.5%. Homes here rent for a typical $1,781 a month — a 6.6% 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: $1,781^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,405^[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: 37,423^[3]
Median household income: $75,396^[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: 5
Elementary: 3
Middle: 1
High: 1

HEIGHTS ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEE
1,131 students
LEXINGTON MIDDLE SCHOOL
Middle · Grades 6–8 · LEE
1,100 students
RAYMA C. PAGE ELEMENTARY SCHOOL
Elementary · Grades PK–6 · LEE
747 students
ISLAND PARK HIGH SCHOOL
High · Grades 9–12 · LEE
276 students
HARLEM HEIGHTS COMMUNITY CHARTER SCHOOL
Elementary · Grades K–5 · LEE
196 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 yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$21,374

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$1,650

Loan principal$261,016

Down payment$65,254

Total interest paid$332,912

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 ratio1.19

Monthly cost to own$2,123

Monthly rent$1,781

Renting 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: 9th percentile^[1]
Rental yield: 40th percentile^[2]
Property tax: 35th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33908?: The typical home in 33908 is worth $326,270, based on the Zillow Home Value Index.
Are home values rising in 33908?: Home values in 33908 are down 10.5% over the past year, and up 2.7% a year over five years.
What is the typical rent in 33908?: A typical home in 33908 rents for about $1,781 a month, a gross rental yield of 6.6%.
What is the property tax rate in 33908?: The effective property tax rate in 33908 is 0.7% — roughly $2,405 a year on a typical home.
Who lives in 33908?: ZIP code 33908 has a population of 37,423 and a median household income of $75,396.

#Comparable ZIPs

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

33990 vs 33908 →
Cape Coral, FL
Typical home
$325,571
Gross yield
6.4%
33993 vs 33908 →
Cape Coral, FL
Typical home
$330,214
Gross yield
8.0%
33972
Lehigh Acres CDP, FL
Typical home
$312,945
Gross yield
7.6%
33966
Fort Myers, FL
Typical home
$341,301
Gross yield
6.2%
33904
Cape Coral, FL
Typical home
$342,030
Gross yield
6.4%
33909
Cape Coral, FL
Typical home
$298,038
Gross yield
7.5%

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Pit ZIP 33908 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL33908

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