Market Overview
Home Prices in Cape Coral, FL
The median home value in Cape Coral, FL is $337,346 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6% compared to a year ago and down 9.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cape Coral are priced18% below average. Cape Coral is part of the Cape Coral-Fort Myers, FL metro area.
Over the past five years, Cape Coral home values have risen by approximately10.8%, reflecting steady appreciation in this market.
Price History
Cape Coral Home Price Trend
City Comparison
Cape Coral vs. National Median
At $337,346, homes in Cape Coral cost 18% below the national median of $410,000. This makes Cape Coral a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cape Coral?
20% Down Payment
$67,469
on $337,346
Monthly P&I
$1,759/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,234/mo
incl. taxes & insurance
Income Needed
$89,360
gross annual (30% rule)
10% Down Option
$33,735
+ PMI applies
Loan Amount (20% dn)
$269,877
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 Coral, FL?
The median home value in Cape Coral is $337,346 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6% year-over-year.
How much have home prices changed in Cape Coral?
Over the past year, home values in Cape Coral have decreased by 6%. Over five years, prices have risen approximately 10.8%.
How much do I need to earn to buy a home in Cape Coral?
To comfortably afford the median home price of $337,346 with a 20% down payment ($67,469) at today's rates (6.8%), you'd need a gross annual income of approximately $89,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Cape Coral compare to the national average home price?
The national median home value is approximately $410,000. At $337,346, homes in Cape Coral are 18% below the national average.
What metro area is Cape Coral part of?
Cape Coral is part of the Cape Coral-Fort Myers, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.