Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$225,700+4.3% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$48,927About 0.7× the local median income ($65,823): affordable for a typical household
Days on market53 daysFaster than a year ago: sellers have the edge
Next 12 months+3.9%Zillow expects prices to rise slightly
The typical home in Cape Girardeau, MO-IL is worth $225,700, up 4.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $210,937, so the area is 7.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 53 days to sell, listings are up 28% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.9% over the next year. A household needs about $48,927 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 $65,823. Typical rent is $1,013 a month, or $1,333 for a house. In the latest IRS figures, 82 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
$225,700
Change in 1 year
+4.3%
Overvalued %
+7.0%
Show 7 more
Fair home value
$210,937
Change in 5 years
+25.1%
Zillow forecast, next 12 months
+3.9%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,223
Income needed to afford it
$48,927
Property tax rate
0.65%
Rent and investing
Typical rent
$1,013
Typical rent for houses
$1,333
Price-to-rent ratio
18.6×
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HUD Fair Market Rent, 2 bedrooms
$1,012
Gross rental yield
5.39%
Cap rate (estimate)
3.50%
Market activity
Listings vs a year ago
+27.8%
Days on market
53
Listings with a price cut
21.9%
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Homes for sale
303
Pending sales per 100 listings
32
Asking price per sq ft
$141
People and jobs
Median household income
$65,823
Population change (1 year)
+0.6%
Unemployment rate
2.6%
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Population
99,215
Income adjusted for cost of living
$76,449
Net moves in (IRS)
+82
Cost of living (US = 100)
86.1
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
77.4
Flood risk score
71.5
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Wildfire risk score
30.2
Walkability (1 to 20)
6.6
Road, rail and air noise
54 dB
Questions people ask
Is Cape Girardeau, MO-IL overvalued?
Home prices in Cape Girardeau, MO-IL are slightly above what local incomes have historically supported: fair value is about $210,937, so the area is 7.0% overvalued.
Is Cape Girardeau, MO-IL a buyer's or seller's market?
Cape Girardeau, MO-IL is a balanced market, leaning toward buyers: homes take about 53 days to sell, listings are up 28% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Cape Girardeau, MO-IL?
Home values in Cape Girardeau, MO-IL are up 4.3% over the last year. Zillow's forecast for the next 12 months is +3.9%.
How much do you need to earn to buy a home in Cape Girardeau, MO-IL?
A household needs about $48,927 a year to afford the typical home in Cape Girardeau, MO-IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,823.