Cape Coral, FL—33909
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 $299,000, with a year-over-year change of -9.0%. This indicates that home prices in Cape Coral, FL are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | -9.0% |
| Single Family | $305,000 | -9.2% |
| Condos | $193,000 | -11.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $197,000 | -11.7% |
3 Bed | $293,000 | -9.6% |
4 Bed | $341,000 | -9.1% |
| 5 Bed | $408,000 | -8.1% |
% of Housing Stock
Rental Trends — Cape Coral, FL
As of July '25, Rentcast reports the average rent in Cape Coral, FL is $2,050, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Cape Coral, FL is 1-bedrooms: $1,200, 2-bedrooms: $1,720, 3-bedrooms: $2,050, 4-bedrooms: $2,220. The most common rental property sizes in Cape Coral, FL are 3-bedroom and 2-bedroom, accounting for 50.9% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,930 | $2,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,200 |
| 2 Bed Rent | $1,600 | $1,720 |
| 3 Bed Rent | $1,900 | $2,050 |
| 4 Bed Rent | $2,150 | $2,220 |
% 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 86. This is a increase of 26.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -8.0% |
Listing Count | 542 | -8.0% |
| Listings as % of Homes | 3.2% | -8.0% |
Days on Market | 86 | 26.0% |
Demographics — Cape Coral, FL
As of the latest ACS Survey released in 2023, Cape Coral, FL has a population of 36,900, which has increased by 17.3% over the past 5 years. Cape Coral, FL is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | 17.3% |
% Under 18 | 23.2% | 1.3% |
% Seniors | 14.6% | -15.1% |
% WFH | 9.3% | 93.8% |
% w/ College Degree | 24.6% | 29.5% |
As of the latest ACS Survey released in 2023, Cape Coral, FL is a predominantly white area, with 56.1% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Cape Coral, FL is hispanic, making up 36.1% of the population. Foreign-born residents account for 20.2% of the population in Cape Coral, FL, and this percentage has increased by 17.4% 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 | 56.1% | -11.7% |
% Black | 3.9% | -46.6% |
% Hispanic | 36.1% | 28.0% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 20.2% | 17.4% |
Mortgage and Risk — Cape Coral, FL
According to HUD data as of 2023, there were 1258 mortgage originations in Cape Coral, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Cape Coral, FL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,258 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 7.0% |
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 4.6%. 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 Coral, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 169 |
Total Units Section 8 | 169 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $1,100 | $1,650 |
| 2 Bedroom | $440 | $1,600 | $2,040 |
| 3 Bedroom | $780 | $1,900 | $2,680 |
| 4 Bedroom | $830 | $2,150 | $2,980 |
Affordability — Cape Coral, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $299,000 |
| Median Household Income | $79,100 |