HousingHandbookReference data

U.S. ZIP Code · FL33931

Lee County · Cape Coral-Fort Myers, FL

Typical home value

$495,479[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-8.8%
5-year / yr
+0.6%
10-year / yr
+2.5%

Relative price

vs U.S.
+74.4%
vs metro
+45.2%
vs state
+42.9%
ZIP 33931 location in FL
Location of ZIP 33931 in FL

Price history

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

The typical home in 33931 is worth $495,479 — 45.2% above the Cape Coral-Fort Myers, FL median. Over the past year, values have fallen 8.8%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$3,902[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
8,350[3]
Median household income
$79,018[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
1
Elementary
1
Middle
0
High
0
  • FORT MYERS BEACH ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · LEE

    48 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$2,505
Loan principal$396,383
Down payment$99,096
Total interest paid$505,565

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.

Own : rent ratio
Monthly cost to own$3,244
Monthly rent

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
3rd percentile[1]
Rental yield
[2]
Property tax
58th percentile[3]

Frequently asked

How much is a home worth in ZIP code 33931?
The typical home in 33931 is worth $495,479, based on the Zillow Home Value Index.
Are home values rising in 33931?
Home values in 33931 are down 8.8% over the past year, and up 0.6% a year over five years.
What is the property tax rate in 33931?
The effective property tax rate in 33931 is 0.8% — roughly $3,902 a year on a typical home.
Who lives in 33931?
ZIP code 33931 has a population of 8,350 and a median household income of $79,018.

#Comparable ZIPs

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

  • Estero, FL

    Typical home
    $480,249
    Gross yield
    6.0%
  • Bonita Springs, FL

    Typical home
    $463,845
    Gross yield
    6.3%
  • Fort Myers, FL

    Typical home
    $445,242
    Gross yield
    5.6%
  • St. James City CDP, FL

    Typical home
    $428,403
    Gross yield
  • Cape Coral, FL

    Typical home
    $422,133
    Gross yield
    5.4%
  • Alva CDP, FL

    Typical home
    $387,083
    Gross yield

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

Compare ZIPs

Pit ZIP 33931 against any other ZIP — full side-by-side table.

Compare 33931

#Jump to section