Cape Coral, FL
Lee County · Pop. 216,902
Ranked #156 of 243 cities
34Crisis
Median Home Price
🏠$380K
3.8% YoY
Median Rent
🔑$1,700
3.5% YoY
Median Income
💰$55K
Rent Burden
📊34.0%
% of income to rent
Income to Buy
🏦$109K
annual income needed
Income to Rent
📝$68K
annual income needed
Price-to-Income
⚖️6.9x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,700/mo
Median rent
Need $68K/yr income
How Cape Coral Compares
| Metric | Cape Coral | Florida | National |
|---|---|---|---|
| Home Price | $380K | $381K | $410K |
| Rent | $1,700 | $1,719 | $1,500 |
| Income | $55K | $73K | $75K |
| Rent Burden | 34.0% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Cape Coral are 7% lower than the national average.
- • Rent is 13% higher than the national average.
- • You need an income of $109K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.