Cape Coral Housing Market: Home Prices & Rent
Cape Coral home values since 2000
Last few years
Rent in Cape Coral
Owning vs renting, monthly
Buying the typical Cape Coral home with 20% down at this week's 7.32% 30-year rate costs about $2,256/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,827/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Cape Coral home values have fallen 37 months in a row
- You now need over $100k a year to afford a typical home in Cape Coral
- Cape Coral homes are worth 19% less than at the 2022 peak
Cape Coral vs Florida vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $334k | -3.5% | $1,827/mo |
| Florida | $375k | -0.9% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Cape Coral?
Yes - the typical Cape Coral-area home value is down 3.5% over the past 12 months, at $334k (September 2026). Values are 19% below their August 2022 peak of $412k.
Is the Cape Coral housing market crashing?
Home values are 19% below their August 2022 peak and down 3.5% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Cape Coral?
Typical rent in the Cape Coral metro is $1,827 a month (September 2026), -0.1% over 12 months.
How much income do you need to buy a home in Cape Coral?
About $101k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Miami, FL · Tampa, FL · Orlando, FL · Jacksonville, FL · North Port, FL · Lakeland, FL · Tucson, AZ · Deltona, FL · Columbus, OH · Palm Bay, FL
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Cape Coral, FL metro area. How we calculate.