Cape Coral, FL—33904
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cape Coral, FL
As of Oct '25, the median home price in Cape Coral, FL is $336,000, with a year-over-year change of -12.2%. This indicates that home prices in Cape Coral, FL are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $336,000 | -12.2% |
| Single Family | $382,000 | -12.2% |
| Condos | $200,000 | -18.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $125,000 | -19.9% |
2 Bed | $217,000 | -16.5% |
3 Bed | $385,000 | -12.1% |
4 Bed | $559,000 | -10.6% |
| 5 Bed | $1,058,000 | -9.5% |
% of Housing Stock
Rental Trends — Cape Coral, FL
As of July '25, Rentcast reports the average rent in Cape Coral, FL is $2,510, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Cape Coral, FL is studios: $1,180, 1-bedrooms: $1,380, 2-bedrooms: $1,840, 3-bedrooms: $3,050, 4-bedrooms: $4,560. The most common rental property sizes in Cape Coral, FL are 2-bedroom and 3-bedroom, accounting for 48.0% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,510 |
| Studio Rent | $1,150 | $1,180 |
| 1 Bed Rent | $1,350 | $1,380 |
| 2 Bed Rent | $1,600 | $1,840 |
| 3 Bed Rent | $2,300 | $3,050 |
| 4 Bed Rent | $3,500 | $4,560 |
% of Rental Stock
Property Listings — Cape Coral, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cape Coral, FL is 102. This is a increase of 13.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 0.0% |
Listing Count | 570 | 1.0% |
| Listings as % of Homes | 1.5% | 1.0% |
Days on Market | 102 | 13.0% |
Demographics — Cape Coral, FL
As of the latest ACS Survey released in 2023, Cape Coral, FL has a population of 32,900, which has increased by 3.3% over the past 5 years. Cape Coral, FL is a less popular place for families, as children make up 11.8% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | 3.3% |
% Under 18 | 11.8% | -5.6% |
% Seniors | 36.3% | 9.3% |
% WFH | 19.5% | 178.6% |
% w/ College Degree | 29.2% | 22.2% |
As of the latest ACS Survey released in 2023, Cape Coral, FL is a predominantly white area, with 76.2% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Cape Coral, FL is hispanic, making up 16.4% of the population. Foreign-born residents account for 14.0% of the population in Cape Coral, FL, and this percentage has increased by 3.7% 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 | 76.2% | -5.2% |
% Black | 3.4% | 36.0% |
% Hispanic | 16.4% | 6.5% |
% Asian | 1.8% | 63.6% |
% Foreign Born | 14.0% | 3.7% |
Mortgage and Risk — Cape Coral, FL
According to HUD data as of 2023, there were 673 mortgage originations in Cape Coral, FL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Cape Coral, FL. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 673 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Cape Coral, FL
As of 2024, the percent of homes in Cape Coral, FL under the Section 8 program is 4.4%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cape Coral, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 150 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,350 | $1,520 |
| 2 Bedroom | $280 | $1,600 | $1,880 |
| 3 Bedroom | $170 | $2,300 | $2,470 |
| 4 Bedroom | -$750 | $3,500 | $2,750 |
Affordability — Cape Coral, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $336,000 |
| Median Household Income | $66,900 |