Cape Coral housing market
Typical home value
$334K
▼ 3.5% 1 yr
Typical rent
$1,827/mo
▼ 0.1% 1 yr
12-month forecast
−3.6%
#546 of 546 metros
Gross rent yield
6.6%
#179 of 546 · U.S. 6.3%
Days to pending
118 days
▼ −9 days 1 yr
Listings with a price cut
20%
▼ −0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $334,479, down 3.5% in a year and up 6% over five years.
- 2Zillow forecasts home values falling 3.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,827/mo (−0.1% YoY), a 6.6% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,838/mo in principal and interest, $11 more than renting.
- 5Homes go under contract in 118 days (−9 days vs last year); 20% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 51/100, #119 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Cape Coral compares
| Measure | Cape Coral | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −3.5% | +1.2% | #543 |
| Home value, 5-yr change | +5.9% | +19.7% | |
| 12-month forecast | −3.6% | +1.1% | #546 |
| Rent, 1-yr change | −0.1% | +2.7% | #525 |
| Gross rent yield | 6.6% | 6.3% | #179 |
| Price-to-rent ratio | 15.3 | 15.8 | |
| Mortgage P&I on typical home | $1,838 | $2,012 | |
| Income needed to buy | $100,841 | $100,902 | |
| Days to pending | 118 | 56 |
Cities in the Cape Coral metro
6 cities with home value and rent data.
| Fort Myers | $305K | ▼ 4.2% | $1,719 | ▼ 0.5% | 6.8% |
| Cape Coral | $335K | ▼ 2.9% | $1,953 | ▲ 0.7% | 7.0% |
| Lehigh Acres | $278K | ▼ 5.3% | $1,812 | ▼ 2.5% | 7.8% |
| Bonita Springs | $503K | ▼ 2.1% | $2,786 | ▲ 0.5% | 6.7% |
| North Fort Myers | $262K | ▼ 3.0% | $1,550 | ▼ 0.8% | 7.1% |
| Estero | $486K | ▼ 2.3% | $2,594 | ▲ 3.1% | 6.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Cape Coral rental ($334K, $1,827/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Cape Coral home.
Rent vs buy
Is it cheaper to rent or buy in Cape Coral?
Renting out a property in Florida? See deposit limits, late fee rules and notice periods.
Other Florida metros
Miami, FL
$477K home$2,654 rent6.7% yield
▲ 0.3% 1 yr
Tampa, FL
$357K home$1,991 rent6.7% yield
▼ 0.9% 1 yr
Orlando, FL
$383K home$1,929 rent6.0% yield
▼ 1.4% 1 yr
Jacksonville, FL
$351K home$1,680 rent5.8% yield
▼ 0.1% 1 yr
North Port, FL
$404K home$2,106 rent6.3% yield
▼ 2.0% 1 yr
Lakeland, FL
$296K home$1,814 rent7.4% yield
▼ 2.2% 1 yr
Deltona, FL
$331K home$1,767 rent6.4% yield
▼ 0.3% 1 yr
Palm Bay, FL
$342K home$1,887 rent6.6% yield
▼ 0.5% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.