Cape Girardeau, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cape Girardeau Neighborhoods Since 2000




Cape Girardeau, MO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cape Girardeau Housing Market Information

With 39,462 people, 15,462 houses or apartments, and a median cost of homes of $153,762, Cape Girardeau real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cape Girardeau, accounting for 61.21% of the city's housing units. Other types of housing that are prevalent in Cape Girardeau include large apartment complexes or high rise apartments ( 23.21%), duplexes, homes converted to apartments or other small apartment buildings ( 9.38%), and a few mobile homes or trailers ( 3.34%).

The most prevalent building size and type in Cape Girardeau are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.73% owning and 50.27% renting.

There is a lot of housing in Cape Girardeau 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 Girardeau built between 1940-1969 ( 38.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.38%). There's also some housing in Cape Girardeau built before 1939 ( 7.96%).

Vacant housing appears to be an issue in Cape Girardeau. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Cape Girardeau homes and apartments can be a drag on the real estate market, holding Cape Girardeau 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 Girardeau Home Appreciation Rates

Real estate appreciation rates in Cape Girardeau's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Over the last year, Cape Girardeau appreciation rates have trailed the rest of the nation. In the last twelve months, Cape Girardeau's appreciation rate has been -0.86%, 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 Girardeau were at -1.39%, which equates to an annual appreciation rate of -5.45%.

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

Relative to Missouri, our data show that Cape Girardeau's latest annual appreciation rate is lower than 90% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cape Girardeau differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cape Girardeau - 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 Girardeau real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,762

Cape Girardeau, MO HOME PRICES

Value Range
> $1,015,000 0.2
$761,001 - $1,015,000 0.3
$507,001 - $761,000 1.4
$406,001 - $507,000 0.5
$305,001 - $406,000 5.9
$203,001 - $305,000 9.8
$102,001 - $203,000 44.5
$51,001 - $102,000 26.7
$0 - $51,000 10.7

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
48.4472049689441 29.8

Number Of Homes And Apartments:
15,462

Cape Girardeau Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
26.92% 1.39% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$913 / per month

Homeownership Rate

Homeownership
Owners 49.73
Renters 50.27
Vacant 11.15

Housing Market Details

 

Age of Homes

AGE OF Cape Girardeau HOMES
2000 or Newer 10.4
1970 - 1999 43.2
1940 - 1969 38.5
1939 or Older 8.0

Types of Homes

TYPE OF Cape Girardeau HOMES
Single-Family 61.2
Townhomes 2.9
Small Apt. Buildings 9.4
Apt. Complexes 23.2
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Cape Girardeau HOMES
No Bedroom 2.51
1 Bedroom 13.59
2 Bedrooms 30.95
3 Bedrooms 33.07
4 Bedrooms 14.53
5 or more bedrooms 5.35