Fort Myers, Florida, has emerged as the fastest-growing city in the United States, based on recent U.S. Census data. The Gulf Coast city, renowned for its stunning sunsets and beautiful coastline, is seeing a remarkable surge in population due to net migration.
According to U.S. News, Fort Myers experienced a notable 6.73 percent increase in its population between 2021 and 2022. This growth has propelled it to the top of the list for the fastest-growing major city in the nation. The city's population now stands at 109,595, with a median age of 45. The U.S. Census Bureau's data highlights this significant migration trend, reflecting Fort Myers' growing appeal.
One of the key factors driving this growth is Fort Myers' attractive real estate market. While the median home price was reported at $273,214, recent Zillow estimates place it at $361,966. Despite this increase, the city remains relatively affordable compared to other major markets. The median household income in Fort Myers is $71,154, surpassing the state average and further enhancing the city's appeal.
Fort Myers is celebrated for more than just its real estate. U.S. News points to the city's vibrant downtown, extensive outdoor recreational opportunities, and warm climate as major draws for newcomers. The city's natural beauty and thriving lifestyle are significant factors in its population increase.
Economic prospects also contribute to Fort Myers' allure. In May, the Cape Coral-Fort Myers area reported an unemployment rate of just three percent, a full percentage point below the national average. Furthermore, WalletHub recently ranked Fort Myers as the third-best small city in which to start a business, citing its high number of investors per capita and low office vacancy rates. While the national office vacancy rate hovers around 18 percent, Fort Myers and the surrounding Naples area report a rate of just below five percent.
Following Fort Myers, Killeen, Texas, ranks second on U.S. News's list of fastest-growing places, with a 6.57 percent increase in population and a median home value rising from $161,449 to $229,154. Port St. Lucie, another coastal Florida city, holds the third spot with a 4.93 percent population increase for the same period.
As Fort Myers continues to attract new residents with its affordable housing, vibrant lifestyle, and strong economic opportunities, it solidifies its position as a premier destination for those seeking a dynamic and appealing place to live.