Cape Girardeau, MO—63703
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 $109,000, with a year-over-year change of -1.7%. This indicates that home prices in Cape Girardeau, MO are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $109,000 | -1.7% |
| Single Family | $108,000 | -1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $78,000 | -3.7% |
3 Bed | $126,000 | 0.0% |
4 Bed | $124,000 | -3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cape Girardeau, MO
As of July '25, Rentcast reports the average rent in Cape Girardeau, MO is $1,270, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Cape Girardeau, MO is 1-bedrooms: $1,240, 2-bedrooms: $1,080, 3-bedrooms: $1,280, 4-bedrooms: $1,300. The most common rental property sizes in Cape Girardeau, MO are 2-bedroom and 1-bedroom, accounting for 50.0% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,240 |
| 2 Bed Rent | $825 | $1,080 |
| 3 Bed Rent | $1,200 | $1,280 |
| 4 Bed Rent | $1,100 | $1,300 |
% 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 50. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $114,000 | 21.0% |
Listing Count | 38 | -21.0% |
| Listings as % of Homes | 0.8% | -21.0% |
Days on Market | 50 | -14.0% |
Demographics — Cape Girardeau, MO
As of the latest ACS Survey released in 2023, Cape Girardeau, MO has a population of 8,490, which has increased by 1.3% over the past 5 years. Cape Girardeau, MO is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,490 | 1.3% |
% Under 18 | 19.7% | 3.1% |
% Seniors | 25.6% | 14.3% |
% WFH | 6.4% | 113.3% |
% w/ College Degree | 21.7% | 21.2% |
As of the latest ACS Survey released in 2023, Cape Girardeau, MO is a predominantly white area, with 68.6% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Cape Girardeau, MO is black, making up 19.3% of the population. Foreign-born residents account for 4.2% of the population in Cape Girardeau, MO, and this percentage has increased by 110.0% 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 | 68.6% | -0.6% |
% Black | 19.3% | -15.0% |
% Hispanic | 5.3% | 60.6% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 4.2% | 110.0% |
Mortgage and Risk — Cape Girardeau, MO
According to HUD data as of 2023, there were 53 mortgage originations in Cape Girardeau, MO, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Cape Girardeau, MO. Investor activity is high, as 30.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 53 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 30.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
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 32.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-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 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 698 |
Total Units Section 8 | 698 |
% Rentals under Section 8 | 32.1% |
% Occupied Section 8 | 71.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $950 | $760 |
| 2 Bedroom | $115 | $825 | $940 |
| 3 Bedroom | $120 | $1,200 | $1,320 |
| 4 Bedroom | $480 | $1,100 | $1,580 |
Affordability — Cape Girardeau, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $109,000 |
| Median Household Income | $36,900 |