Cape Girardeau, MO—63701
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cape Girardeau, MO
Home Price Trends — Cape Girardeau, MO
As of Oct '25, the median home price in Cape Girardeau, MO is $236,000, with a year-over-year change of 4.3%. This indicates that home prices in Cape Girardeau, MO are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 4.3% |
| Single Family | $236,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 4.2% |
3 Bed | $226,000 | 4.6% |
4 Bed | $311,000 | 3.7% |
| 5 Bed | $466,000 | 3.3% |
% of Housing Stock
Rental Trends — Cape Girardeau, MO
As of July '25, Rentcast reports the average rent in Cape Girardeau, MO is $1,180, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in Cape Girardeau, MO is 1-bedrooms: $897, 2-bedrooms: $944, 3-bedrooms: $1,560, 4-bedrooms: $1,530. The most common rental property sizes in Cape Girardeau, MO are 2-bedroom and 1-bedroom, accounting for 46.4% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $897 |
| 2 Bed Rent | $850 | $944 |
| 3 Bed Rent | $1,500 | $1,560 |
| 4 Bed Rent | $1,500 | $1,530 |
% of Rental Stock
Property Listings — Cape Girardeau, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Cape Girardeau, MO is 67. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 16.0% |
Listing Count | 152 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 67 | 1.0% |
Demographics — Cape Girardeau, MO
As of the latest ACS Survey released in 2023, Cape Girardeau, MO has a population of 38,800, which has remained stable by 1.0% over the past 5 years. Cape Girardeau, MO is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | 1.0% |
% Under 18 | 17.5% | -11.2% |
% Seniors | 17.1% | 16.3% |
% WFH | 6.8% | 126.7% |
% w/ College Degree | 39.5% | 5.3% |
As of the latest ACS Survey released in 2023, Cape Girardeau, MO is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Cape Girardeau, MO is black, making up 11.8% of the population. Foreign-born residents account for 3.2% of the population in Cape Girardeau, MO, and this percentage has decreased by 30.4% 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 | 79.4% | -4.1% |
% Black | 11.8% | 26.9% |
% Hispanic | 2.7% | 22.7% |
% Asian | 2.7% | 8.0% |
% Foreign Born | 3.2% | -30.4% |
Mortgage and Risk — Cape Girardeau, MO
According to HUD data as of 2023, there were 759 mortgage originations in Cape Girardeau, MO, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Cape Girardeau, MO. Investor activity is low, as 11.0% 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 | 759 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Cape Girardeau, MO
As of 2024, the percent of homes in Cape Girardeau, MO under the Section 8 program is 7.9%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Cape Girardeau, MO, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 507 |
Total Units Section 8 | 489 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 68.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $750 | $800 |
| 2 Bedroom | $140 | $850 | $990 |
| 3 Bedroom | -$110 | $1,500 | $1,390 |
| 4 Bedroom | $160 | $1,500 | $1,660 |
Affordability — Cape Girardeau, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $236,000 |
| Median Household Income | $67,900 |