Cape Canaveral, FL—32920
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cape Canaveral, FL
As of Oct '25, the median home price in Cape Canaveral, FL is $317,000, with a year-over-year change of -4.6%. This indicates that home prices in Cape Canaveral, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | -4.6% |
| Single Family | $362,000 | -3.7% |
| Condos | $288,000 | -5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $157,000 | -9.2% |
2 Bed | $294,000 | -4.9% |
3 Bed | $438,000 | -4.6% |
4 Bed | $490,000 | -5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cape Canaveral, FL
As of July '25, Rentcast reports the average rent in Cape Canaveral, FL is $2,180, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Cape Canaveral, FL is studios: $1,140, 1-bedrooms: $1,560, 2-bedrooms: $2,050, 3-bedrooms: $2,980, 4-bedrooms: $2,290. The most common rental property sizes in Cape Canaveral, FL are 2-bedroom and 1-bedroom, accounting for 47.4% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,180 |
| Studio Rent | $1,100 | $1,140 |
| 1 Bed Rent | $1,450 | $1,560 |
| 2 Bed Rent | $1,950 | $2,050 |
| 3 Bed Rent | $2,750 | $2,980 |
| 4 Bed Rent | $2,100 | $2,290 |
% of Rental Stock
Property Listings — Cape Canaveral, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cape Canaveral, FL is 110. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $328,000 | -12.0% |
Listing Count | 160 | -2.0% |
| Listings as % of Homes | 1.0% | -2.0% |
Days on Market | 110 | 36.0% |
Demographics — Cape Canaveral, FL
As of the latest ACS Survey released in 2023, Cape Canaveral, FL has a population of 9,960, which has decreased by -2.1% over the past 5 years. Cape Canaveral, FL is a less popular place for families, as children make up 6.1% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,960 | -2.1% |
% Under 18 | 6.1% | -33.0% |
% Seniors | 33.9% | -0.3% |
% WFH | 22.6% | 218.3% |
% w/ College Degree | 38.5% | 18.5% |
As of the latest ACS Survey released in 2023, Cape Canaveral, FL is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Cape Canaveral, FL is hispanic, making up 9.5% of the population. Foreign-born residents account for 6.2% of the population in Cape Canaveral, FL, and this percentage has increased by 8.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.3% | -5.4% |
% Black | 0.8% | -55.6% |
% Hispanic | 9.5% | 156.8% |
% Asian | 0.8% | -27.3% |
% Foreign Born | 6.2% | 8.8% |
Mortgage and Risk — Cape Canaveral, FL
According to HUD data as of 2023, there were 154 mortgage originations in Cape Canaveral, FL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Cape Canaveral, FL. Investor activity is low, as 10.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 154 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 10.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Cape Canaveral, FL
As of 2024, the percent of homes in Cape Canaveral, FL under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cape Canaveral, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,450 | $1,100 |
| 2 Bedroom | -$670 | $1,950 | $1,280 |
| 3 Bedroom | -$1,010 | $2,750 | $1,740 |
| 4 Bedroom | -$110 | $2,100 | $1,990 |
Affordability — Cape Canaveral, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $317,000 |
| Median Household Income | $70,700 |