Cape Coral, FL—33990
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 $323,000, with a year-over-year change of -10.5%. This indicates that home prices in Cape Coral, FL are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | -10.5% |
| Single Family | $333,000 | -10.5% |
| Condos | $169,000 | -15.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | -10.5% |
3 Bed | $324,000 | -10.7% |
4 Bed | $416,000 | -9.8% |
| 5 Bed | $466,000 | -8.3% |
% of Housing Stock
Rental Trends — Cape Coral, FL
As of July '25, Rentcast reports the average rent in Cape Coral, FL is $2,150, with a year-over-year rent change of -13.3%. Per bedroom, the median rent as of July '25 in Cape Coral, FL is 1-bedrooms: $1,030, 2-bedrooms: $1,560, 3-bedrooms: $2,270, 4-bedrooms: $3,260. The most common rental property sizes in Cape Coral, FL are 2-bedroom and 3-bedroom, accounting for 45.0% and 42.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $2,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $1,030 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $1,950 | $2,270 |
| 4 Bed Rent | $2,800 | $3,260 |
% 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 2.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -10.0% |
Listing Count | 314 | 10.0% |
| Listings as % of Homes | 1.3% | 10.0% |
Days on Market | 86 | 2.0% |
Demographics — Cape Coral, FL
As of the latest ACS Survey released in 2023, Cape Coral, FL has a population of 35,400, which has increased by 7.7% over the past 5 years. Cape Coral, FL is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,400 | 7.7% |
% Under 18 | 16.7% | 0.0% |
% Seniors | 24.1% | 5.2% |
% WFH | 10.2% | 229.0% |
% w/ College Degree | 23.8% | 20.8% |
As of the latest ACS Survey released in 2023, Cape Coral, FL is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Cape Coral, FL is hispanic, making up 26.4% of the population. Foreign-born residents account for 19.8% of the population in Cape Coral, FL, and this percentage has increased by 26.9% 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 | 64.3% | -9.4% |
% Black | 3.0% | -45.5% |
% Hispanic | 26.4% | 29.4% |
% Asian | 3.2% | 45.5% |
% Foreign Born | 19.8% | 26.9% |
Mortgage and Risk — Cape Coral, FL
According to HUD data as of 2023, there were 788 mortgage originations in Cape Coral, FL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Cape Coral, FL. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 788 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 11.0% |
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 2.8%. 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 | 126 |
Total Units Section 8 | 126 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $645 | $925 | $1,570 |
| 2 Bedroom | $450 | $1,500 | $1,950 |
| 3 Bedroom | $610 | $1,950 | $2,560 |
| 4 Bedroom | $50 | $2,800 | $2,850 |
Affordability — Cape Coral, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $323,000 |
| Median Household Income | $70,300 |