The typical owner-occupied home in Cape Coral is worth about $373,500, 4% above the Florida median of $359,000 and 12% above the national median of $332,700. Owners pay a median $3,176 a year in property taxes, about 0.85% of their home's value, higher than the Florida rate of 0.76%. The median household earns $78,104 a year, so the median home costs 4.8 times the median income (4.8 times for Florida). 77% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Cape Coral at a glance
| Cape Coral | Florida | U.S. | |
|---|---|---|---|
| Median home value | $373,500 | $359,000 | $332,700 |
| Median property tax paid per year | $3,176 | $2,730 | $3,119 |
| Property tax as a share of value | 0.85% | 0.76% | 0.94% |
| Median household income | $78,104 | $74,568 | $80,734 |
| Homes lived in by their owners | 77% | 68% | 65% |
| Owner homes with a mortgage | 65% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,917 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 24.9% | 23.6% | 21.0% |
| Median rent | $1,858 | $1,669 | $1,413 |
| Rent as a share of renters' income | 37.2% | 35.2% | 30.6% |
| Median year homes were built | 2000 | 1988 | 1980 |
| Vacant homes | 17.6% | 14.7% | 10.1% |
| Population | 215,536 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Cape Coral
At this week's average 30-year rate of 7.11%, buying the median Cape Coral home of $373,500 with 20% down costs about $2,430 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,052, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $104,153 for the 20%-down payment. That payment is 37% of the median Cape Coral household income of $78,104; at that income and 20% down, the 28% guideline points to a home of about $280,000.
The median rent here is $1,858 a month, so owning the median home costs about $572 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,700 |
|---|---|
| Loan amount | $298,800 |
| Principal and interest | $2,010 |
| Property taxes (0.85% a year) | $265 |
| Homeowners insurance (our estimate, 0.5% a year) | $156 |
| PMI | $0 |
| Total per month | $2,430 |
Change the numbers in the calculator
| Down payment | $13,072 |
|---|---|
| Loan amount | $366,735 |
| Principal and interest | $2,467 |
| Property taxes (0.85% a year) | $265 |
| Homeowners insurance (our estimate, 0.5% a year) | $156 |
| FHA mortgage insurance | $165 |
| Total per month | $3,052 |
Change the numbers in the calculator
Questions about home buying in Cape Coral
What is the median home value in Cape Coral?
About $373,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cape Coral?
Homeowners pay a median $3,176 a year, which is about 0.85% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cape Coral?
For the median home with 20% down at 7.11%, the payment is about $2,430 a month. Keeping that under 28% of gross income takes about $104,153 a year.
More about Cape Coral
- Mortgage Refinance in Cape Coral
- Debt Relief in Cape Coral
- Home Equity Loans in Cape Coral
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data