Median real estate price in the City Center of Cape Coral is $162,283, which is more expensive than 35.7% of the neighborhoods in Florida and 41.8% of the neighborhoods in the U.S.
The average rental price in Cape Coral City Center is currently $1,060, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.8% of Florida neighborhoods.
Cape Coral City Center is a suburban neighborhood (based on population density) located in Cape Coral, Florida.
Real estate in the City Center of Cape Coral, FL is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Cape Coral City Center. The current real estate vacancy rate here is 33.2%. This is higher than the rate of vacancies in 95.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (19.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.