Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 183,365 people, 62,392 houses or apartments, and a median cost of homes of $255,400, Cape Coral real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Cape Coral, accounting for 79.66% of the city's housing units. Other types of housing that are prevalent in Cape Coral include large apartment complexes or high rise apartments ( 11.40%), duplexes, homes converted to apartments or other small apartment buildings ( 6.30%), and a few row houses and other attached homes ( 1.90%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cape Coral. Owner-occupied housing accounts for 70.03% of Cape Coral's homes, and 78.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cape Coral built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cape Coral built between 2000 and later ( 41.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.88%).
Vacant housing appears to be an issue in Cape Coral. Fully 22.91% of the housing stock is classified as vacant. Left unchecked, vacant Cape Coral homes and apartments can be a drag on the real estate market, holding Cape Coral real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Cape Coral has experienced some of the highest home appreciation rates of any community in the nation. Cape Coral real estate appreciated 72.62% over the last ten years, which is an average annual home appreciation rate of 5.61%, putting Cape Coral in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cape Coral definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Cape Coral's appreciation rate, at 6.05%, has been at or slightly above the national average. In the latest quarter, Cape Coral's appreciation rate has been 1.38%, which annualizes to a rate of 5.64%.
Relative to Florida, our data show that Cape Coral's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cape Coral differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cape Coral - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cape Coral real estate investment or home purchase decisions.
|$968,001 - $1,290,000||0.9|
|$645,001 - $968,000||3.4|
|$516,001 - $645,000||4.4|
|$387,001 - $516,000||11.4|
|$258,001 - $387,000||25.8|
|$129,001 - $258,000||39.9|
|$64,001 - $129,000||9.4|
|$0 - $64,000||4.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Cape Coral HOMES|
|2000 or Newer||41.4|
|1970 - 1999||52.5|
|1940 - 1969||5.9|
|1939 or Older||0.2|
|TYPE OF Cape Coral HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Cape Coral HOMES|
|5 or more bedrooms||1.01|