What $400K Buys in Lee County, FL
A $400K budget buys a very different house depending on which Lee County city you point it at. This page compares every city with at least five active listings within 10% of $400K — size, age, bed and bath count, price per square foot, how much of the inventory is new construction and how long it has been sitting — from today’s live MLS actives, and lists the communities with the most homes at that price. It refreshes every night.
There are 1,544 homes for sale in Lee County, FL priced between $360,000 and $440,000 right now. At $400K, the typical home is 1,777 sq ft, built 2015, at $223/sq ft; 25% of them are new construction and the median has been on the market 65 days. The most house for the money is in Alva (1,933 sq ft median); the least in Sanibel (769 sq ft); the newest in Lehigh Acres (median build year 2026).
What $400K buys, city by city
| City | Homes for sale | Median sq ft | Beds / baths | Median year built | $ / sq ft | New construction | Median DOM |
|---|---|---|---|---|---|---|---|
| Cape Coral | 571 | 1,812 | 3 / 2 | 2021 | $218 | 28% | 61 |
| Lehigh Acres | 312 | 1,831 | 4 / 2 | 2026 | $209 | 59% | 56 |
| Fort Myers | 309 | 1,695 | 3 / 2 | 2004 | $231 | 4% | 76 |
| Bonita Springs | 81 | 1,414 | 2 / 2 | 2000 | $281 | 5% | 51 |
| North Fort Myers | 67 | 1,836 | 3 / 2 | 2007 | $215 | 12% | 59 |
| Estero | 63 | 1,624 | 2 / 2 | 2003 | $252 | 0% | 67 |
| Alva | 40 | 1,933 | 3 / 2 | 2026 | $208 | 60% | 17 |
| Fort Myers Beach | 39 | 930 | 2 / 2 | 1982 | $437 | 0% | 99 |
| St. James City | 23 | 1,409 | 2 / 2 | 1994 | $280 | 0% | 101 |
| Punta Gorda | 15 | 1,729 | 3 / 2 | 1997 | $219 | 0% | 99 |
| Sanibel | 12 | 769 | 2 / 1 | 1975 | $523 | 0% | 211 |
| Bokeelia | 8 | 1,595 | 3 / 2 | 1981 | $267 | 0% | 96 |
By ZIP code: where $400K goes furthest
The same budget by ZIP — useful where one city covers most of the county.
| ZIP | Homes for sale | Median sq ft | Median year built | $ / sq ft | New construction |
|---|---|---|---|---|---|
| 33993 Cape Coral | 240 | 1,836 | 2025 | $214 | 48% |
| 33909 Cape Coral | 108 | 1,809 | 2024 | $218 | 34% |
| 33972 Lehigh Acres | 80 | 1,812 | 2025 | $212 | 62% |
| 33914 Cape Coral | 76 | 1,812 | 2001 | $221 | 0% |
| 34135 Bonita Springs | 67 | 1,522 | 2002 | $271 | 6% |
| 33913 Fort Myers | 66 | 1,743 | 2010 | $227 | 8% |
| 33971 Lehigh Acres | 66 | 1,829 | 2026 | $214 | 61% |
| 33976 Lehigh Acres | 66 | 1,810 | 2026 | $209 | 59% |
| 33991 Cape Coral | 65 | 1,828 | 2015 | $216 | 14% |
| 33974 Lehigh Acres | 64 | 1,862 | 2026 | $206 | 61% |
| 33908 Fort Myers | 59 | 1,698 | 2001 | $230 | 0% |
| 33928 Estero | 52 | 1,612 | 2004 | $252 | 0% |
Communities with the most homes near $400K
| Community | City | Homes for sale near $400K | Median sq ft | Median year built |
|---|---|---|---|---|
| Cape Coral | Cape Coral | 456 | 1,811 | 2022 |
| Lehigh Acres | Lehigh Acres | 244 | 1,816 | 2026 |
| San Carlos Park | Fort Myers | 16 | 1,473 | 1995 |
| Fort Myers | Fort Myers | 15 | 1,828 | 1984 |
| Hampton Lakes | Alva | 14 | 2,032 | 2026 |
| Mirror Lakes | Fort Myers | 13 | 1,862 | 2025 |
| Estero Beach And Tennis Club | Fort Myers Beach | 10 | 517 | 1979 |
| Sandoval | Cape Coral | 10 | 1,857 | 2012 |
| Country Club | Alva | 10 | 1,970 | 2026 |
| Bonita National Golf And Country Club | Bonita Springs | 10 | 1,149 | 2016 |
| Stonewater | Cape Coral | 8 | 2,034 | 2024 |
| St Andrews Verandas | Bonita Springs | 7 | 1,333 | 1997 |
| North Fort Myers | North Fort Myers | 7 | 1,728 | 1967 |
| Fort Myers Shores | Fort Myers | 7 | 1,593 | 1971 |
| Sanibel View Condo | Fort Myers | 6 | 1,504 | 2001 |
How to read this
Counts and medians are computed from active MLS listings priced within 10% of $400K ($360,000–$440,000) as of October 24, 2026; property mix at this price: Single-family 78%, Condo 16%, Townhouse 1%. Cities with fewer than five listings in the band are folded out of the city table but still count in the county total. Prices are asking prices, not closings — see the county page for sale-to-list ratios. Source: live MLS feeds compiled by Momentum Research. Other budgets in Lee County: $300K, $500K, $750K, $1M. Back to homes for sale in Lee County, FL.