Cape Coral, FL Houses and Single Family Homes For Rent | realtor.com® (2024)

FAQs

Are home prices dropping in Cape Coral Florida? ›

Based on all homes sold in the last 12 months. Homes in Cape Coral have sold for 2.2% less than they did a year ago. Summary: The median home sold price in Cape Coral was $395,471 in June 2024, down 2.2% from last year, and the median price per square foot was $236.

Invitation Homes Inc is the largest company in the U.S. single-family home rental market. The company is known for its large portfolio of high-quality, updated homes tailored to meet the evolving lifestyle needs of its residents.

Cape Coral has been consistently ranked among the top 10 most overpriced housing markets in the U.S. over the last few years, according to data from researchers at Florida Atlantic University and Florida International University.

Sale-to-list price ratio: 91% Cape Coral, FL is a buyer's market in June 2024, which means that the supply of homes is greater than the demand for homes.

Invitation Homes is the largest single owner of single-family rental homes in the United States, managing more than 80,000 homes as of 2021.

Many wealthy would-be buyers can afford to wait to buy their dream home — so they're choosing to rent instead. Some may be waiting for lower rates and more homes on the market. Others may believe the housing market is overvalued, according to Realtor.com, and want to avoid overpaying for a property that may lose value.

A Florida Housing Market Crash Is Unlikely

In fact, Florida homes might actually increase in cost, which is good news for sellers. NAR even predicted that home values across the U.S. will increase by 2.6% this year. Freddie Mac foretold a smaller increase of just 0.8%.

Favorable Tax Environment: Florida's tax-friendly policies extend to Cape Coral, making it an even more attractive destination for investors. The absence of state income tax and reasonable property taxes mean more of your investment returns stay in your pocket.

Businesses and people are moving to Cape Coral

Businesses and housing are booming in Southwest Florida's largest city. More people are moving here and more businesses are opening up. Everywhere you look Cape Coral is growing and growing and growing.

Is Cape Coral a good place to buy a home? ›

4) Affordability: Compared to other coastal areas in Florida, Cape Coral offers relatively affordable real estate options. The median home price in Cape Coral was $385,000 in September 2023, presenting a good investment opportunity.