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 a population of 183,365, 62,392 total housing units (homes and apartments), and a median house value of $245,268, 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 73.16% over the last ten years, which is an average annual home appreciation rate of 5.64%, 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.
Over the last year, Cape Coral appreciation rates have trailed the rest of the nation. In the last twelve months, Cape Coral's appreciation rate has been 1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cape Coral were at 0.09%, which equates to an annual appreciation rate of 0.34%.
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.
|$946,001 - $1,262,000||0.9|
|$631,001 - $946,000||3.4|
|$505,001 - $631,000||4.4|
|$379,001 - $505,000||11.4|
|$252,001 - $379,000||25.8|
|$126,001 - $252,000||39.9|
|$63,001 - $126,000||9.4|
|$0 - $63,000||4.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 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|