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These days, finding an affordable place to live in the Cape Coral area can be challenging. Home prices in Cape Coral are now at a median cost of $386,608, lower than the Florida average of $396,783.
The average cost of rent is $1,955/mo in Cape Coral, primarily driven by the current value of real estate in the Cape Coral area. In Cape Coral, 22.57% of households rent, and 34.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cape Coral is $6,768 per month. Households that rent pay about 28.89% of their income on rent here. Cape Coral’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McGregor, FL: higher priced homes
- Whiskey Creek, FL: equally priced homes
- North Fort Myers, FL: less expensive homes
- Cypress Lake, FL: less expensive homes
- Iona, FL: equally priced homes
- Villas, FL: less expensive homes
- Fort Myers, FL: equally priced homes
- St. James City, FL: less expensive homes
- Bokeelia, FL: equally priced homes
- Gateway, FL: higher priced homes
Cities with Similar Populations
- Fort Wayne, IN: less expensive homes
- Dallas, TX: equally priced homes
- Cypress, TX: equally priced homes
- Columbia, MD: higher priced homes
- Compton, CA: higher priced homes
- Covington, GA: less expensive homes
- Daly City, CA: higher priced homes
- Dallas, GA: less expensive homes
- Columbia, MO: less expensive homes
- Cleveland, TN: less expensive homes
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