Wealthier residents moving to Fort Myers are coming from out of state, particularly New York, New Jersey, Ohio, Michigan and Illinois. A new migration report by the Lee County Economic Development Office points to residents moving to Lee County from within Florida had lower per capita incomes, while those moving from the “snowbird” states had higher incomes.

Fort Myers Attracting Wealthier New Residents

Air Canada plane

As U.S. housing recovers, Canadians are playing a big role in buying Fort Myers real estate. Market watchers say bargain-hunting Canadians are eyeing potential investment or getaway properties in Southwest Florida as home prices in the U.S. are showing fresh signs of recovery.

Canadians Have Strong Interest in Fort Myers Real Estate

Legislation now being debated in the Senate would allow retirees from Canada to stay up to 8 months in the U.S.—two months longer than current law—if the Immigration Reform bill passes Congress. Nine percent of Canadians who own real estate in Florida have property in the Fort Myers region, the 4th highest number in the state.

Will Canadian Snowbirds Get to Stay Longer in Fort Myers?

CNN/Money ranked Cape Coral/Fort Myers region as the 3rd fastest growing MSA in the nation for the decade of 2000-2010 with a growth rate of 60.8%. Cape Coral/Fort Myers closely trailed Charlotte (64.6%) and Raleigh (63.4%) for top national growth rates.

Cape Coral/Fort Myers 3rd Fastest Growing MSA