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City · 215,536 residents · Lee County, Florida

Cape Coral , Florida

In Cape Coral, a typical home is worth $373,500 and typical rent is $1,858 a month. Compared with all of Lee County, typical rent is 9% higher.

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  • Typical home value

    $373,500

    3% above the county

    4% above Florida

    • Cape Coral
    • Lee
    • Florida

  • Typical rent

    $1,858a month

    9% above the county

    11% above Florida

    • Cape Coral
    • Lee
    • Florida

  • Typical household income

    $78,104a year

    3% above the county

    5% above Florida

    • Cape Coral
    • Lee
    • Florida

  • Households that own their home

    77%

    3 points above the county

    10 points above Florida

    • Cape Coral
    • Lee
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$334,660
2.9% less than 12 months ago
Typical rent
$1,953 a month
0.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cape Coral is in Lee County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lee County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cape Coral apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Cypress Lake, the typical home value is $258,900: 31% less than in Cape Coral ($373,500).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Cape Coral

What homes there are in Cape Coral, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 79% of homes here, against 55% in Lee County.

Year built

In Cape Coral, half of the homes were built before 2000; in Lee County, before 1997.

There is more room for a big family here: 79% of homes have 3 bedrooms or more, against 57% in Lee County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Cape Coral sit under the FHA limit for Lee County ($541,287): about 79%.

Monthly rent with utilities

With a mortgage

$1,917 a month

Lee County: $1,921 a month

Without a mortgage

$742 a month

Lee County: $758 a month

Owners with a mortgage

65%

Lee County: 52%

Owning costs about the same in Cape Coral as in Lee County: with a mortgage, $1,917 a month; without one, $742.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Cape Coral rose 63% since 2015–2019, about the same as in Lee County (61%).

The typical rent in Cape Coral rose 49% since 2015–2019, about the same as in Lee County (48%).

The typical household income in Cape Coral rose 27%: less than home values (+63%) and rent (+49%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCape CoralLee CountyFloridaUnited States
Rental vacancy 7.1%10.3%7.6%5.5%
Homeowner vacancy 1.9%1.9%1.4%0.9%
More than one person per room 1.7%2.4%3.3%3.4%
People per household 2.592.452.512.53
Drive alone 74%71%70%69%
Carpool 9%10%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike 1%2%2%3%
Work from home 15%15%16%15%
Other means 2%2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

There is little rental housing open in Cape Coral: only 7.1% is empty and offered for rent, against 10.3% in Lee County.

Much as in Lee County, 1.7% of households in Cape Coral have more than one person per room.

More people live in each home here: 2.59 on average, against 2.45 in Lee County.

The car rules in Cape Coral: 74% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cape Coral?

A typical home costs more than the typical income allows

We start with a typical home in Cape Coral, worth $373,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Cape Coral, which is $78,104 a year. For that payment to be 28% of income, a household would need to earn about $131,562 a year.

The calculator's FHA and conventional loan limits are those of all of Lee County.

Your numbers

Local data
$

Starts at the typical home value in Cape Coral. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,073 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,070

at 7.18% · 30 years

Loan amount
$366,734
Total interest
$527,645
Paid off in
November 2056

Includes $6,307 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,822 a month

  • Tight

    $1,822 to $2,343 a month

  • Hard

    more than $2,343 a month

    Your payment · 47%

Compared with the typical household income in Cape Coral ($78,104 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,070
Principal & interest$2,484
Property tax$265
Home insurance$156
FHA mortgage insurance (MIP)$165

You need at least $13,073 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cape Coral and Lee County

Cape Coral is in Lee County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cape Coral's own numbers

Typical home value
$373,500
Typical monthly rent
$1,858
Typical yearly household income
$78,104
Households that own their home
77%
Effective property tax rate
0.85%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lee County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,835
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
42%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lee County.

Everything about Lee County

Buying

Buying a home in Cape Coral

A typical home in Cape Coral is worth $373,500: 3% above the county and 4% above Florida. With the typical household income in Cape Coral ($78,104 a year), a typical home costs 4.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cape Coral 4.8 years
  • Lee 4.8 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lee County

According to FHFA’s house price index, home prices in Lee County rose 101% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lee County.

Period County Florida U.S.
Last year (2025) −6.7% −0.5% +2.9%
5 years (2020–2025) +49% +60% +47%
10 years (2015–2025) +101% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cape Coral next to Lee County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cape Coral $373,500
  • Lee $362,200
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Cape Coral $1,858
  • Lee $1,712
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Cape Coral $78,104
  • Lee $76,107
  • Florida $74,568
  • United States $80,734
See the full table
Cape Coral next to Lee County and Florida
Measure Cape Coral Lee County Florida U.S.
Typical home value $373,500 $362,200 $359,000 $332,700
Typical monthly rent $1,858 $1,712 $1,669 $1,413
Typical yearly household income $78,104 $76,107 $74,568 $80,734
Households that own their home 77% 74% 68% 65%
Typical yearly property tax $3,176 $2,858 $2,730 $3,119
Effective property tax rate 0.85% 0.79% 0.76% 0.94%
Renters with high rent for their income 65% 60% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lee County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cape Coral

For a typical $373,500 home in Cape Coral, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cape Coral's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,070a month

    Least cash to close
    Down payment
    $13,073
    Cash to close
    $24,278
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $165

  • Conventional, 5% down $3,001a month

    Down payment
    $18,675
    Cash to close
    $29,880
    Rate
    7.18%
    Mortgage insurance
    PMI · $177

  • Conventional, 20% down, no PMI $2,444a month

    Down payment
    $74,700
    Cash to close
    $85,905
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,790a month

    Down payment
    $56,025
    Cash to close
    $67,230
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cape Coral and for Lee County.

Property tax

Effective rate in Cape Coral

0.85%of the home’s value each year

$3,176 a year for the typical owner in Cape Coral.

  • Cape Coral 0.85%
  • Lee 0.79%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Lee County

FEMA does not publish these numbers by city: they are for all of Lee County.

Homes in the high-risk zone
42%
145,195
Of those, with NFIP insurance
47%
County Florida U.S.
Homes in the high-risk zone 42% 13% 3.5%
Of those, with NFIP insurance 47% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cape Coral

Typical rent in Cape Coral is $1,858 a month: 9% above the county. In Cape Coral, 65% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lee County, by unit size. To pay the 2-bedroom one ($1,835 a month) without spending more than 30% of your income, you would need to earn $35.29 an hour working full time.

HUD fair market rent for all of Lee County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,555 $29.90 $62,200
1 bedroom $1,564 $30.08 $62,560
2 bedrooms $1,835 $35.29 $73,400
3 bedrooms $2,373 $45.63 $94,920
4 bedrooms $2,615 $50.29 $104,600

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cape Coral

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cape Coral has 6 ZIP codes with their own.

For 2 bedrooms it runs from $1,880 in 33904 to $2,340 in 33993.

6 of the 6 are above the fair market rent for Lee County ($1,835).

  • 33904 $1,880$2,430
  • 33909 $2,040$2,640
  • 33914 $2,000$2,590
  • 33990 $1,880$2,430
  • 33991 $2,200$2,860
  • 33993 $2,340$3,030

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cape Coral when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Cape Coral

HUD lists 5 buildings with rents for lower incomes in Cape Coral. These are the largest.

  • Crossings at Cape Coral 1150 Hancock Crk Blvd, Cape Coral 33909 168 low-income homes · 1 bd: 36 · 2 bd: 68 · 3 bd: 40 · 4 bd: 24 · In service since 2000
  • Coral Village 121 NE 10th Pl, Cape Coral 33909 64 low-income homes · 1 bd: 32 · 2 bd: 32 · In service since 1999 · For older adults
  • Laurel Oaks 4626 Skyline Blvd, Cape Coral 33914 12 low-income homes · For people with disabilities (239) 995-6100
  • Santa Barbara Village 3618 Santa Barbara Blvd, Cape Coral 33914 12 low-income homes · For people with disabilities (239) 995-6100
  • Coronado Place 4642 Coronado Pkwy, Cape Coral 33904 10 low-income homes · For people with disabilities (239) 995-6100

See all 53 buildings in Lee County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Cape Coral

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Lee County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Cape Coral

No down payment, repair or rent-help program on our list is for Cape Coral or Lee County. The ones below are statewide in Florida: they work in Cape Coral the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Cape Coral

The HUD-approved agencies closest to the center of Cape Coral, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lee County Housing Development Corporation

    3677 Central Ave Ste F, Fort Myers · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (239) 275-5105

  • Affordable Homeownership Foundation Inc

    5264 Clayton Ct Ste 1, Fort Myers · 9 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (239) 689-4944

  • Habitat for Humanity of Lee and Hendry Counties, Inc.

    12751 New Brittany Blvd Ste 100, Fort Myers · 9 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (239) 652-4663

Every agency in Lee County All counseling agencies in Florida

Help in Spanish near Cape Coral

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cape Coral

HUD’s record names them for Cape Coral or Lee County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Lee County Housing Authority Public housing and Section 8 vouchers (239) 360-8038

One other authority has an office in Lee County: see the list Source: HUD

Cities

Other cities in Lee County

These cities are also in Lee County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lee County Housing in Florida
See 5 more cities in Lee County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Cape Coral, with the typical home value.

Neighboring counties

If Lee County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cape Coral.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Cape Coral

Short answers with the numbers for Cape Coral and all of Lee County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cape Coral?

The typical home value in Cape Coral is $373,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lee County it is $362,200.

How much does it cost to rent in Cape Coral?

Typical rent in Cape Coral is $1,858 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lee County is $1,835.

What is the FHA loan limit in Cape Coral?

Cape Coral uses the FHA limit for all of Lee County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cape Coral?

The typical homeowner in Cape Coral pays $3,176 a year, according to the U.S. Census Bureau. That is 0.85% of the home’s value; in Lee County, the rate is 0.79%.

Where can I find free help to buy or rent in Cape Coral?

There are 3 HUD-approved counseling agencies with an office in Lee County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).