Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$334,479−3.5% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$72,508About 0.9× the local median income ($83,479): affordable for a typical household
Days on market80 daysFaster than a year ago: sellers have the edge
Next 12 months−3.6%Zillow expects prices to dip slightly
The typical home in Cape Coral-Fort Myers, FL is worth $334,479, down 3.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $370,686, so the area is 9.8% undervalued. It is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are down 13% from a year ago, 19% of listings have had a price cut. Zillow expects prices to fall about 3.6% over the next year. A household needs about $72,508 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,479. Typical rent is $1,827 a month, or $2,145 for a house. In the latest IRS figures, 4,899 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$334,479
Change in 1 year
−3.5%
Overvalued %
−9.8%
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Fair home value
$370,686
Change in 5 years
+5.9%
Zillow forecast, next 12 months
−3.6%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,813
Income needed to afford it
$72,508
Property tax rate
0.79%
Rent and investing
Typical rent
$1,827
Typical rent for houses
$2,145
Price-to-rent ratio
15.3×
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HUD Fair Market Rent, 2 bedrooms
$1,835
Gross rental yield
6.55%
Cap rate (estimate)
4.26%
Market activity
Listings vs a year ago
−12.7%
Days on market
80
Listings with a price cut
19.0%
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Homes for sale
9,635
Pending sales per 100 listings
21
Asking price per sq ft
$231
People and jobs
Median household income
$83,479
Population change (1 year)
+1.6%
Unemployment rate
4.0%
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Population
875,607
Income adjusted for cost of living
$81,602
Net moves in (IRS)
+4,899
Cost of living (US = 100)
102.3
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
99.0
Unhealthy air days a year
0
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Flood risk score
97.4
Wildfire risk score
96.6
Walkability (1 to 20)
9.2
Road, rail and air noise
54 dB
Questions people ask
Is Cape Coral-Fort Myers, FL overvalued?
Home prices in Cape Coral-Fort Myers, FL are slightly below what local incomes have historically supported: fair value is about $370,686, so the area is 9.8% undervalued.
Is Cape Coral-Fort Myers, FL a buyer's or seller's market?
Cape Coral-Fort Myers, FL is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are down 13% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Cape Coral-Fort Myers, FL?
Home values in Cape Coral-Fort Myers, FL are down 3.5% over the last year. Zillow's forecast for the next 12 months is −3.6%.
How much do you need to earn to buy a home in Cape Coral-Fort Myers, FL?
A household needs about $72,508 a year to afford the typical home in Cape Coral-Fort Myers, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,479.