Rents-Rates-Home-Prices

The average rent for a single-family home in the Cape Coral-Fort Myers area spiked 23.6 percent in the past year, according to data released by RentRange, making it No. 1 in the country.

In a separate report, ALN Apartment News released statistics recently showing that for apartment complexes with 100 units or more, the median rent in this area increased 14.6 percent to $1,099 while occupancy increased 0.6 percent to 96.6 percent.

In the Fort Myers-Cape Coral area, the average single-family rent for the third quarter of 201 was $1,540.27, up from $1,246.50 a year earlier.