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 175,229, 58,967 total housing units (homes and apartments), and a median house value of $215,201, 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 78.69% of the city's housing units. Other types of housing that are prevalent in Cape Coral include large apartment complexes or high rise apartments ( 11.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.71%), and a few row houses and other attached homes ( 2.08%).
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 68.19% of Cape Coral's homes, and 77.06% 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 ( 43.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.67%).
Vacant housing appears to be an issue in Cape Coral. Fully 24.30% 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.
Homes have actually lost value in Cape Coral over the last then years, as home values have seen a decline of 20.95% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cape Coral home appreciation rates at 3.51%, which equates to an annual appreciation rate of 14.80%.
Appreciation rates are so strong in Cape Coral that despite a nationwide downturn in the housing market, Cape Coral real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cape Coral appreciation rates continue to be some of the highest in America, at 10.28%, which is higher than appreciation rates in 94.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cape Coral. Cape Coral appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.
Importantly, NeighborhoodScout’s exclusive research found that Cape Coral's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Florida, our data show that Cape Coral's latest annual appreciation rate is higher than 60% 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.
|$1,066,001 - $1,421,000||0.9|
|$710,001 - $1,066,000||2.3|
|$568,001 - $710,000||3.5|
|$426,001 - $568,000||8.3|
|$284,001 - $426,000||17.9|
|$142,001 - $284,000||42.0|
|$71,001 - $142,000||19.5|
|$0 - $71,000||5.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cape Coral HOMES|
|2000 or Newer||43.4|
|1970 - 1999||49.7|
|1940 - 1969||6.7|
|1939 or Older||0.2|
|TYPE OF Cape Coral HOMES|
|Small Apt. Buildings||6.7|
|SIZE OF Cape Coral HOMES|
|5 or more bedrooms||1.12|