Cape Canaveral Real Estate Market Overview
Average Monthly Rent:
$905
Percentage Change in Home Price/Value:
4.9%
Median Home Value:
$309,000
Best Time To Sell Home:
N/A
Affordability Index:
102
Days To Sell House:
59
Job Market:
Fair
Public School Ranking:
18
Location and Weather
The city of Cape Canaveral is a barrier island located on the Atlantic coast of Florida. Separated by Merritt Island and the Indian River, it’s a seaward extension of Canaveral Island. Cape Canaveral’s layout consists of fine beaches, friendly hotels and quaint restaurants. The weather in this city is most desirable in January and throughout spring, as it’s cooler and less humid.
Summers in Cape Canaveral reach highs in the 90s and lows in the 70s, with around 15 inches of precipitation.
Population, Job Market and Cost of Living
Cape Canaveral’s population is 10,503, with a growth rate of 0.10% annually. The job market has increased by 1.9% over the last year. In ten years, job growth is predicted to be 42.2%. This city is home to the Kennedy Space Center and the 2nd busiest cruise port in the world, which provides a large job market for residents and attracts tourism. Engineering, arts, entertainment, and science are also large industries here.
The cost of living here is fairly inexpensive, as it is a smaller and more private city. Compared to the Florida and U.S. average cost of living, Cape Canaveral is considered more affordable.