Cape Coral appears moderately affordable relative to its income and housing benchmarks. With a median household income of $78,104, the median gross rent of $1,858 represents about 28.5% of monthly income, which is within a commonly cited affordability threshold. However, the uniform non-housing calculator baseline of $1,250 per month (a model assumption) suggests additional fixed costs may affect overall affordability, though this is not a local observation.
Cape Coral at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $37,296. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 215,536 |
| 2024 ACS median household income | $78,104 |
| 2024 ACS median gross rent | $1,858 |
| 2024 ACS median owner-occupied home value | $373,500 |
| Derived one-way commute estimate | 32 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 29% |
The trade-off
Relative strength: Median rent consumes ~28.5% of median income.. Watch closely: lower home values may offset higher rent burdens for owners..
Compare Cape Coral
Frequently asked questions
Is Cape Coral affordable for renters?
Median gross rent of $1,858 per month is about 28.5% of the median household income of $78,104, which falls within a range often considered affordable, though individual circumstances vary and this does not account for non-housing costs.
How does home value compare to income in Cape Coral?
The median owner-occupied home value is $373,500, which is approximately 4.8 times the median household income of $78,104, indicating a moderate home-price-to-income ratio based on 2024 ACS data.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.