Lehigh Acres is a census-designated place (CDP) in Lee County, Florida, United States. The population was 85,133 at the 2020 census, up from 74,173 in 2010. It is the largest unincorporated community in Florida. Lehigh Acres is located in the southwestern part of Lee County, about 15 miles (24 km) west of Fort Myers.
Lehigh Acres is a master-planned community that was developed in the 1950s. The community is home to a variety of housing options, including single-family homes, townhomes, and apartments. Lehigh Acres also has a variety of amenities, including shopping, dining, and recreation.
Market Conditions
The median home price in Lehigh Acres was $354,900 in April 2023, up 11.3% year-over-year. The median listing home price per square foot was $217. The median home sold price was $333K.
There are currently 4501 active home listings and 233 new homes for sale in Lehigh Acres. On average, homes in Lehigh Acres sell after 95 days on the market compared to 53 days last year. 718 homes were sold in Lehigh Acres in April 2023, up from 956 last year.
$354,900
Median Home Price
11.3%
Year-Over-Year
$217
Median Listing Price/ sqft
Cape Coral is a city located in Lee County, Florida, United States, on the Gulf of Mexico. Founded in 1957 and developed as a planned community, the city's population had grown to 194,016 as of the 2020 Census, a rise of 26% from the 2010 Census, making it the 130th most populous city in the United States. With an area of 120 square miles (310 km2), Cape Coral is the largest city between Tampa and Miami in both population and area. It is the largest and principal city in the Cape Coral – Fort Myers, Florida Metropolitan Statistical Area. The city has over 400 mi (640 km) of navigable waterways, more than any other city on earth.
Market Conditions
The median list home price in Cape Coral as of Q2 2023 is $491,999, up 2% month-over-month. The median home value is $475,820 which is an 18% increase year-over-year. The median listing home price per square foot was $265. The median home sold price was $399K, up 3.4% month-over-month and 5.4$ year-over-year.
There are currently 2,828 active home listings for sale in Cape Coral. On average, homes in Cape Coral sell after 38 days on the market, which is 19% quicker month-over-month. 128 homes were sold in Cape Coral in April 2023.
$475,820
Median Home Value
18%
Year-Over-Year
$265
Median Listing Price/ sqft
Demand
The demand for housing in Lehigh Acres and Cape Coral is being driven by a number of factors, including:
The strong job market in Southwest Florida.
The availability of new construction homes.
The low cost of living in Lehigh Acres and Cape Coral
Supply
The supply of housing in Lehigh Acres and Cape Coral is limited. The number of new home construction starts in Lehigh Acres and Cape Coral has been declining in recent years.
Outlook
Lehigh Acres and Cape Coral residential submarkets are expected to remain a seller's market in the near future. The demand for housing in Lehigh Acres and Cape Coral is expected to continue to grow, while the supply of housing is expected to remain limited.
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