Housing market/Florida/ZIP 33973

ACS 2023 · FY2027 SAFMR

ZIP 33973 Cape Coral-Fort Myers, Florida

Cape Coral-Fort Myers, FL MSA · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
15,020
Households
4,086
Median HH income
$57,216
Renter share
78.6%
Median gross rent
$1,432
Vacancy
4.7%
Pop. change
+1.0%
2BR SAFMR
$1,770
SAFMR / rent
1.236×
2–49 unit stock
1,084
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 33973 · FL — sent to you.

ZIP 33973 · FL

ACS median rent$1,432
2BR SAFMR$1,770
90% floor$1,593
110% ceiling$1,947

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 33973

  • 1-unit detached1,23628.8%
  • 1-unit attached1,95345.6%
  • 2–4 units1,07125.0%
  • 5–49 units130.3%
  • Mobile130.3%
TypeUnitsShare
1-unit detached1,23628.8%
1-unit attached1,95345.6%
2 units (duplex)1,06124.8%
3–4 units100.2%
5–9 units90.2%
10–19 units40.1%
20–49 units00.0%
50+ units00.0%
Mobile130.3%

2–4 unit share 25.0% · 5–49 unit share 0.3% · combined 2–49 25.3%.

Units by bedrooms

Studio
20
1BR
21
2BR
1,011
3BR
3,174
4BR
60
5+
0

Rent burden

Rent ≥30% of income60.5%
Rent ≥50% of income35.1%
  • ACS median gross rent $1,432 (all bedrooms, occupied rentals).
  • Median contract rent $1,234.
  • Renters paying ≥30% of income 60.5%; ≥50% 35.1%.
  • FY2027 2BR SAFMR $1,770 (1.236× ACS median gross rent).

Population

15,020 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 3,385 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 33973 78.6% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $1,432; population increased +1.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,071 units in 2–4-unit structures and 13 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,770 versus ACS median gross rent of $1,432. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Florida research

ZIP 33973 is a Census / HUD profile for Cape Coral-Fort Myers, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 33973?

ZIP 33973 (Cape Coral-Fort Myers, FL MSA) has 15,020 residents, 4,086 households, a renter share of 78.6%, median household income of $57,216, and ACS 2023 median gross rent of $1,432. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 33973?

ACS counts 1,061 units in 2-unit buildings, 10 in 3–4 unit buildings, 9 in 5–9, 4 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 1,084 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 33973?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,770. See the full schedule and 90–110% payment-standard band on the ZIP 33973 — Cape Coral-Fort Myers, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 33973 is Census / HUD research for Cape Coral-Fort Myers, FL MSA. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.