Lehigh Acres started as farmland which was purchased by Chicago businessman Lee Ratner during the 1950's because he was losing money in his pest control business and he had heard that hearding cattle was a good investment. He purchased around 18,000 acres and renamed it the Lucky Lee Ranch. After ranching for a while, and despite having no prior development experience, Ratner joined with Gerald H. Gould, a Florida advertising executive, Manuel Riskin, a Chicago CPA, and Edward Shapiro, a former Chicagoan who was in the real estate business in California, and began land sales at Lehigh Acres.

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Lehigh Acres Old Sign

According to the website AreaVibes, Lehigh Acres has an F grade when it comes to crime because the crime rate is 55% higher than the rest of Florida, so it would be a good idea to ask your insurance agent about your coverage for damage to your home or loss of property due to a burglary. According to www.city-data.com, around 24% of the population of Lehigh is living in poverty, or 94% higher than the national average. The median household income in Lehigh Acres is about 20% lower than the national average (about $42k/year vs. $47k/year)

Now, these numbers may sound kinda scary when you're reading them, but all this really means is that there's a lot of lower income people living in Lehigh Acres; that's it. What this could also mean is that there may be an investment opportunity here since many lower income people can't afford to buy their home so there will be a higher-than-average demand for renters. If you do decide to purchase a home and rent it out, you'll definitely want to speak to an insurance agent about what your options for coverage from your renters in addition to other perils.

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