Cape Coral, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cape Coral, FL Housing Market Trends

With a population of 194,495, 65,287 total housing units (homes and apartments), and a median house value of $270,219, 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 79.91% of the city's housing units. Other types of housing that are prevalent in Cape Coral include large apartment complexes or high rise apartments ( 11.88%), duplexes, homes converted to apartments or other small apartment buildings ( 5.72%), and a few row houses and other attached homes ( 1.47%).

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 74.26% of Cape Coral's homes, and 77.81% 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 ( 41.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.66%).

Vacant housing appears to be an issue in Cape Coral. Fully 22.23% 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.

Cape Coral Home Appreciation Rates

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 103.18% over the last ten years, which is an average annual home appreciation rate of 7.35%, 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 6.07%, has been at or slightly above the national average. In the latest quarter, Cape Coral's appreciation rate has been 1.52%, which annualizes to a rate of 6.21%.

Notably, Cape Coral's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Cape Coral's latest annual appreciation rate is lower than 70% 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.

Average Home Values

 

Median Home Value:
$270,219

Cape Coral, FL HOME PRICES

> $1,201,000
0.8%
0.8%
$901,001 - $1,201,000
1.3%
1.3%
$600,001 - $901,000
4.9%
4.9%
$480,001 - $600,000
5.5%
5.5%
$360,001 - $480,000
14.0%
14.0%
$240,001 - $360,000
32.5%
32.5%
$120,001 - $240,000
34.0%
34.0%
$60,001 - $120,000
4.3%
4.3%
$0 - $60,000
2.7%
2.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
65,287

Cape Coral Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
117.24% 3.76%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,662 / per month

Homeownership Rate

Owners
74.3%
74.3%
Renters
25.7%
25.7%
Vacant
22.2%
22.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
41.6%
41.6%
1970 - 1999
52.6%
52.6%
1940 - 1969
5.7%
5.7%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.9%
79.9%
Townhomes
1.5%
1.5%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
11.9%
11.9%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
2.0%
2.0%
2 Bedrooms
18.5%
18.5%
3 Bedrooms
63.7%
63.7%
4 Bedrooms
14.1%
14.1%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES