Cape Coral, FL—33991
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 $359,000, with a year-over-year change of -9.6%. 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 | $359,000 | -9.6% |
| Single Family | $363,000 | -9.7% |
| Condos | $246,000 | -10.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $290,000 | -10.2% |
3 Bed | $344,000 | -9.9% |
4 Bed | $412,000 | -8.8% |
| 5 Bed | $478,000 | -7.7% |
% of Housing Stock
Rental Trends — Cape Coral, FL
As of July '25, Rentcast reports the average rent in Cape Coral, FL is $2,530, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Cape Coral, FL is studios: $1,800, 1-bedrooms: $1,560, 2-bedrooms: $1,940, 3-bedrooms: $2,520, 4-bedrooms: $2,730. The most common rental property sizes in Cape Coral, FL are 3-bedroom and 2-bedroom, accounting for 58.6% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,530 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,400 | $1,560 |
| 2 Bed Rent | $1,640 | $1,940 |
| 3 Bed Rent | $2,150 | $2,520 |
| 4 Bed Rent | $2,400 | $2,730 |
% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $489,000 | 0.0% |
Listing Count | 409 | -5.0% |
| Listings as % of Homes | 2.5% | -5.0% |
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 26,000, which has increased by 16.3% over the past 5 years. Cape Coral, FL is a moderately popular place for families, as children make up 20.3% 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 some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,000 | 16.3% |
% Under 18 | 20.3% | -17.1% |
% Seniors | 24.6% | 30.2% |
% WFH | 13.6% | 58.1% |
% w/ College Degree | 24.6% | -18.8% |
As of the latest ACS Survey released in 2023, Cape Coral, FL is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Cape Coral, FL is hispanic, making up 19.6% of the population. Foreign-born residents account for 13.3% of the population in Cape Coral, FL, and this percentage has decreased by 6.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.9% | -4.7% |
% Black | 3.6% | -5.3% |
% Hispanic | 19.6% | 2.6% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 13.3% | -6.3% |
Mortgage and Risk — Cape Coral, FL
According to HUD data as of 2023, there were 963 mortgage originations in Cape Coral, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 963 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 8.0% |
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 0.6%. 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 | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $540 | $1,400 | $1,940 |
| 2 Bedroom | $760 | $1,640 | $2,400 |
| 3 Bedroom | $1,000 | $2,150 | $3,150 |
| 4 Bedroom | $1,100 | $2,400 | $3,500 |
Affordability — Cape Coral, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $359,000 |
| Median Household Income | $82,900 |