The typical owner-occupied home in Lee is worth about $97,900, 73% below the Florida median of $359,000 and 71% below the national median of $332,700. The median household earns $46,264 a year, so the median home costs 2.1 times the median income (4.8 times for Florida). 71% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Lee at a glance
| Lee | Florida | U.S. | |
|---|---|---|---|
| Median home value | $97,900 | $359,000 | $332,700 |
| Median property tax paid per year | – | $2,730 | $3,119 |
| Median household income | $46,264 | $74,568 | $80,734 |
| Homes lived in by their owners | 71% | 68% | 65% |
| Owner homes with a mortgage | 51% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $960 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 23.6% | 21.0% |
| Median rent | $773 | $1,669 | $1,413 |
| Rent as a share of renters' income | 51.0% | 35.2% | 30.6% |
| Median year homes were built | 1976 | 1988 | 1980 |
| Vacant homes | 7.2% | 14.7% | 10.1% |
| Population | 835 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Lee
At this week's average 30-year rate of 7.11%, buying the median Lee home of $97,900 with 20% down costs about $657 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $820, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,174 for the 20%-down payment. That payment is 17% of the median Lee household income of $46,264; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $773 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,580 |
|---|---|
| Loan amount | $78,320 |
| Principal and interest | $527 |
| Property taxes (1.10% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $657 |
Change the numbers in the calculator
| Down payment | $3,426 |
|---|---|
| Loan amount | $96,127 |
| Principal and interest | $647 |
| Property taxes (1.10% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $820 |
Change the numbers in the calculator
Questions about home buying in Lee
What is the median home value in Lee?
About $97,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Lee?
For the median home with 20% down at 7.11%, the payment is about $657 a month. Keeping that under 28% of gross income takes about $28,174 a year.
More about Lee
- Mortgage Refinance in Lee
- Debt Relief in Lee
- Home Equity Loans in Lee
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data