The Most Affordable Neighborhoods in Cape Girardeau County, MO by Home Value

 

Cape Girardeau County, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cape Girardeau County area can be challenging. Home prices in Cape Girardeau County are now at a median cost of $226,414, lower than the Missouri average of $246,641.

The average cost of rent is $983/mo in Cape Girardeau County, primarily driven by the current value of real estate in the Cape Girardeau County area. In Cape Girardeau County, 33.24% of households rent, and 40.00% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cape Girardeau County is $5,968 per month. Households that rent pay about 16.47% of their income on rent here. Cape Girardeau County’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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