Market Overview
Home Prices in Cape Canaveral, FL
The median home value in Cape Canaveral, FL is $316,362 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.6% compared to a year ago and down 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cape Canaveral are priced23% below average. Cape Canaveral is part of the Palm Bay-Melbourne-Titusville, FL metro area.
Over the past five years, Cape Canaveral home values have risen by approximately16.5%, reflecting steady appreciation in this market.
Price History
Cape Canaveral Home Price Trend
City Comparison
Cape Canaveral vs. National Median
At $316,362, homes in Cape Canaveral cost 23% below the national median of $410,000. This makes Cape Canaveral a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cape Canaveral?
20% Down Payment
$63,272
on $316,362
Monthly P&I
$1,650/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,096/mo
incl. taxes & insurance
Income Needed
$83,840
gross annual (30% rule)
10% Down Option
$31,636
+ PMI applies
Loan Amount (20% dn)
$253,090
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cape Canaveral, FL?
The median home value in Cape Canaveral is $316,362 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.6% year-over-year.
How much have home prices changed in Cape Canaveral?
Over the past year, home values in Cape Canaveral have decreased by 2.6%. Over five years, prices have risen approximately 16.5%.
How much do I need to earn to buy a home in Cape Canaveral?
To comfortably afford the median home price of $316,362 with a 20% down payment ($63,272) at today's rates (6.8%), you'd need a gross annual income of approximately $83,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Cape Canaveral compare to the national average home price?
The national median home value is approximately $410,000. At $316,362, homes in Cape Canaveral are 23% below the national average.
What metro area is Cape Canaveral part of?
Cape Canaveral is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.