Cape Coral-Fort Myers
Florida · Ranked #247 of 373 metros
65Moderate
💡
Housing in Cape Coral-Fort Myers costs 5.47× the median income, above the national average of 4.5×. The median home price is $392K and median rent is $1,797/month. Cape Coral-Fort Myers ranks #247 of 373 metros for affordability.
Median Home Price
🏠$392K
Need $116K income
Median Rent
🔑$1,797
Need $72K income
Building Permits
🔨15,411
annual
Median Income
💰$72K
Pop: 825,635
Rent Burden
⚠️34.5%
of renters paying >30%
Homeownership
🏡75.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Cape Coral-Fort Myers | National |
|---|---|---|
| Price-to-Income Ratio | 5.47x | 6.1x |
| Rent Burden | 34.5% | 31.5% |
| Homeownership Rate | 75.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,629/mo
1 Bedroom$1,638/mo
2 Bedroom$1,961/mo
3 Bedroom$2,560/mo
4 Bedroom$2,836/mo
Zillow Market Data
Home Value (ZHVI)
$340K
1yr: -9.4%5yr: +28.1%
Rent (ZORI)
$1,842/mo
1yr: -4.0%5yr: +32.1%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$371K
Active Inventory
11,713
Days on Market
79
Sold Above List
6.8%
Price Drops
34.3%