Market Overview
Home Prices in Cape Girardeau, MO
The median home value in Cape Girardeau, MO is $224,404 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cape Girardeau are priced45% below average. Cape Girardeau is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Cape Girardeau home values have risen by approximately26.7%, reflecting strong long-term appreciation in this market.
Price History
Cape Girardeau Home Price Trend
City Comparison
Cape Girardeau vs. National Median
At $224,404, homes in Cape Girardeau cost 45% below the national median of $410,000. This makes Cape Girardeau a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cape Girardeau?
20% Down Payment
$44,881
on $224,404
Monthly P&I
$1,170/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,486/mo
incl. taxes & insurance
Income Needed
$59,440
gross annual (30% rule)
10% Down Option
$22,440
+ PMI applies
Loan Amount (20% dn)
$179,523
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 Girardeau, MO?
The median home value in Cape Girardeau is $224,404 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Cape Girardeau?
Over the past year, home values in Cape Girardeau have increased by 4.6%. Over five years, prices have risen approximately 26.7%.
How much do I need to earn to buy a home in Cape Girardeau?
To comfortably afford the median home price of $224,404 with a 20% down payment ($44,881) at today's rates (6.8%), you'd need a gross annual income of approximately $59,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Cape Girardeau compare to the national average home price?
The national median home value is approximately $410,000. At $224,404, homes in Cape Girardeau are 45% below the national average.
What metro area is Cape Girardeau part of?
Cape Girardeau is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.