Cape Coral real estate market overview
- Average Monthly Rent: $2,062
- Home Price/Value Percentage Change: 2.50%
- Median Home Value: $379,738
- Best Time To Sell a Home: January
- Affordability Index: Moderate
- Days To Sell a House: 98
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Cape Coral is located in the subtropics on the Gulf of Mexico of southwest Florida. This city is in close proximity to Sanibel, Captiva, Lovers Key, and Pine Island, which is part of why it's a sought out residential area. There are also over 400 miles of canals in Cape Coral, where boating, fishing and water sport opportunities are endless. While this is a traditionally warm city, it is cooler in the summer compared to other areas of Florida due to the consistent breeze from the Gulf.
In Cape Coral, rainy days during the summer are short-lived and winters reach lows in the 80's.
Population, job market and cost of living
Cape Coral's population is 205,929, with a growth rate of 1.97% annually.
The job market has decreased by -5.11% over the last year. In ten years, job growth is predicted to be 41.04%. This city's mid-size city complex and palm-tree lined streets have helped create yet another Floridian city ideal for tourism and new residents. Major industries here are real estate, construction, finance, insurance, engineering, accounting, and consulting. Some of the city's biggest employers are FL Guide, Gulf Coast Village, Sellstate Priority Realty, City of Cape Coral and Century 21 Birchwood Realty.
Cape Coral offers waterfront living, access to some of the most beautiful beaches in Florida and promising future job growth, which is why it's a more expensive city to live in.
Cape Coral real estate market details
- Coral Lakes
- Cape Royal
- Bimini Basin
- Cape Harbour
There has been a 2.5% increase in Cape Coral's median home value over the last year. As of 2023, the median home value was $379,738.
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 Coral is 104. This number indicates moderate affordability in this city.
The top ranked public schools are Oasis Charter Elementary School-South, Oasis Charter Middle School, Oasis Elementary Charter School-North, Oasis Charter High School and Cape Elementary School. This information derives from general educator statistics, school attendance, and the US Department of Education.