Cape Coral, FL—33993
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 $330,000, with a year-over-year change of -9.3%. 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 | $330,000 | -9.3% |
| Single Family | $330,000 | -9.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $385,000 | -19.5% |
3 Bed | $321,000 | -9.3% |
4 Bed | $350,000 | -9.6% |
| 5 Bed | $642,000 | -10.0% |
% of Housing Stock
Rental Trends — Cape Coral, FL
As of July '25, Rentcast reports the average rent in Cape Coral, FL is $2,400, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Cape Coral, FL is 1-bedrooms: $1,340, 2-bedrooms: $2,330, 3-bedrooms: $2,440, 4-bedrooms: $2,370. The most common rental property sizes in Cape Coral, FL are 3-bedroom and 4-bedroom, accounting for 67.3% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,340 |
| 2 Bed Rent | $1,950 | $2,330 |
| 3 Bed Rent | $2,100 | $2,440 |
| 4 Bed Rent | $2,200 | $2,370 |
% 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 99. This is a increase of 23.0% 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 | $430,000 | 0.0% |
Listing Count | 954 | 2.0% |
| Listings as % of Homes | 4.3% | 2.0% |
Days on Market | 99 | 23.0% |
Demographics — Cape Coral, FL
As of the latest ACS Survey released in 2023, Cape Coral, FL has a population of 33,000, which has increased by 32.9% over the past 5 years. Cape Coral, FL is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 32.9% |
% Under 18 | 20.1% | -8.2% |
% Seniors | 21.0% | 19.3% |
% WFH | 12.0% | 126.4% |
% w/ College Degree | 21.9% | 8.4% |
As of the latest ACS Survey released in 2023, Cape Coral, FL is a predominantly white area, with 57.1% of the population identifying as white. The white population has shrunk by 16.9% in the last 5 years. The second most common race or ethnicity in Cape Coral, FL is hispanic, making up 30.1% of the population. Foreign-born residents account for 21.0% of the population in Cape Coral, FL, and this percentage has increased by 27.3% 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 | 57.1% | -16.9% |
% Black | 7.7% | 26.2% |
% Hispanic | 30.1% | 32.0% |
% Asian | 1.9% | 46.2% |
% Foreign Born | 21.0% | 27.3% |
Mortgage and Risk — Cape Coral, FL
According to HUD data as of 2023, there were 1675 mortgage originations in Cape Coral, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 44.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,675 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 6.0% |
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 2.3%. 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 | 35 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $1,200 | $1,900 |
| 2 Bedroom | $410 | $1,950 | $2,360 |
| 3 Bedroom | $1,000 | $2,100 | $3,100 |
| 4 Bedroom | $1,250 | $2,200 | $3,450 |
Affordability — Cape Coral, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $330,000 |
| Median Household Income | $89,200 |