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Cape Canaveral real estate market overview
- Average Monthly Rent: $890
- Home Price/Value Percentage Change: 6.60%
- Median Home Value: $365,049
- Best Time To Sell a Home: October
- Affordability Index: Moderate
- Days To Sell a House: 64
- 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 9,990, with a growth rate of 0.06% annually.
The job market has decreased by -4.18% 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 US average cost of living, Cape Canaveral is considered more affordable.
Cape Canaveral real estate market details
- Cape Canaveral Beach Gardens
- North Reach
- City Center
- Cape Canaveral North
- North Reach East
The average monthly rent in Cape Canaveral is $890 for an average apartment size of 713 sq. feet.
There has been a 6.6% increase in Cape Canaveral's median home value over the last year. As of 2023, the median home value was $365,049.
On average, homes in Cape Canaveral sell after 64 days on the market.
The best time to sell a home for the highest valued sale is during October. For the quickest sale, homeowners should sell in January.
The affordability index in Cape Canaveral is 96. This number indicates moderate affordability in this city.
The top ranked public school is Cape View Elementary School that is also the single public school located here. This information derives from general educator statistics, school attendance, and the US Department of Education.