Cape Coral, FL Single Family Homes for Sale | realtor.com® (2024)

FAQs

Is Cape Coral a buyers or sellers market? ›

Sale-to-list price ratio: 97.01% Cape Coral, FL is a buyer's market in May 2024, which means that the supply of homes is greater than the demand for homes.

If you are moving to Florida, I would definitely recommend living in Cape Coral. There are also a lot of new houses being built all over the cape. Cape Coral is a wonderful city in which to raise a family or retire. It lacks a culture of its own but is very safe and close to beaches.

Based on all homes sold in the last 12 months. Homes in Cape Coral have sold for 3.1% less than they did a year ago. Summary: The median home sold price in Cape Coral was $396,955 in May 2024, down 3.1% from last year, and the median price per square foot was $237.

The cost of living in this beautiful community is much lower than the national average. Besides, the state does not collect income tax, estate tax, inheritance tax, or intangible property tax. The sales tax rate is also relatively low, between 6-7.5%.

Caloosahatchee

Caloosahatchee is located in the eastern part of Cape Coral, along the Caloosahatchee River. This neighborhood offers easy access to boating and water sports and proximity to the vibrant downtown area. Caloosahatchee is known for its canals, which lead to the Yacht Club Public Beach.

Cape Coral has been consistently ranked among the top 10 most overpriced housing markets in the U.S. over the last few years, according to data from researchers at Florida Atlantic University and Florida International University.

Cons of Cape Coral life

Some residents might find the city to be too quiet, especially when compared to the bustling activity in nearby cities like Miami. The summer months can get exceedingly hot and humid, which might not suit everyone.

The northeast part of Cape Coral has been in a water shortage since November but could start seeing relief as the wet season comes soon, with utility expansions slated for next year to ease the future burden of wells. "We are at a critical stage here," Cape Coral's Bureau Chief for Water Supply Mark Elsner said.

While Florida is a cheaper place to live than other parts of the country, Cape Coral's cost of living is higher than the state average. Compared to nearby Fort Myers real estate, housing costs are 11% more expensive.

In conclusion, Cape Coral, Florida, is not just a good investment for real estate; it's an excellent one. Its unique blend of lifestyle appeal, economic growth, and investment-friendly environment makes it a top choice for those looking to dive into the real estate market.

What is the vacancy rate in Cape Coral? ›

Population trends

As previously noted, the population of Cape Coral is 173,679 and the median age is 45.9. Among Cape Coral residents, there is a homeowner vacancy rate of 3.7% and a rental vacancy rate of 6.8% from a total of 80,938 units.

In general, it is expected that 2024 will be a good year to buy a home in some areas of the US, as experts predict that home prices will soften. However, prices are still expected to remain high or even increase in some markets.

Known for having a subtropical climate, Cape Coral is primarily hot, with humid summers and short and pleasantly warm winters. Attracting new residents from the northeast and midwest, most people moving to Cape Coral choose the area, particularly for its desirable weather and warmer climate.

CAPE CORAL, Fla. —

There's an argument to be made that Southwest Florida's largest city is also its luckiest. That's because, despite the major hurricanes that have impacted our region in the past several decades, Cape Coral has been spared the worst damage in all of them, particularly when it comes to storm surge.

4) Affordability: Compared to other coastal areas in Florida, Cape Coral offers relatively affordable real estate options. The median home price in Cape Coral was $385,000 in September 2023, presenting a good investment opportunity.

The dramatic growth of Cape Coral is driven by its unique canal system – providing more than 800 linear miles of waterfront home sites – and a responsive city government. Cape Coral is attracting record numbers of professional people and young, working families with children.