Cape Coral, Florida

Lee County Real Estate - Cape Coral

Cape Coral

Cape Coral is located in Lee County and borders the Gulf of Mexico. Cape Coral is the largest city between Miami and Tampa and has more miles of canals than any other city in the world. The main industries in Cape Coral include local government services, health care, retail, and real estate/ construction. The top employers for Cape Coral are Lee County School District, Cape Coral City Hall, Publix Supermarkets, Cape Coral Hospital, and Wal-Mart.

Cape Coral is in South West Florida. It's population as recorded in the 2010 Census was 154,305.

The median age for residents of Cape Coral is 42.4. Around 32.2% of Cape Coral households include school aged children and 30.6% of households include individuals aged 65 years or over. Census records indicate 88.1% of the Cape Coral population are White, 4.2% are Black or African American, .3% American Indian, 1.5% Asian and 2.3% are Two or more Races.

There are 78,948 housing units in Cape Coral. 18,181 (23%) of these were reported as vacant in the 2010 Census. Cape Coral is a tourist destination, 36.8% (6,706) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 19,368 residential rental units in Cape Coral. 16,693 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.

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Cape Coral is located in Lee County. It has a population of approximately 154,305 people. The population increased 4.5% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 4.3% for Lee County and a 1.7% increase for the country as a whole. Cape Coral occupies 105.67 of the 784.51 square miles in Lee County. It had a population density of 1460.2 persons per square mile in 2010. This compared to 788.7 for the county, 350.6 for Florida and 87.4 for the country.

21.2% ( 78,948) of the 372,117 housing units in Lee County are in Cape Coral (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Cape Coral has a 74.9% homeownership rate compared to Lee County's 73.8% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Lee County 618,754 $13,839 4.3% $49,444 372,117 $181,000
Cape Coral 154,305 $1,5714.5%$51,407 78,948$181,900

Cape Coral's medium household income in 2011 was $51,407. Lee County's medium household income was $49,444, which is higher than the medium income for Florida as a whole: $47,827. 11.9% of the population in Cape Coral lives below the poverty line, compared to 14.7% in Florida, 13.5% of the population in Lee County and 14.3% nationwide. Additional Information:

Cape Coral Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Cape Coral. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $1,571 million, Cape Coral's economic activity represents 11.35% of Lee County's $13,839MM in economic activity. Lee County represents 2.19% of the Florida economy.

Cape Coral Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $101 6.4%
Merchant wholesaler sales $115 7.4%
Retail sales $1,228 78.2%
Accommodation and food services sales $126 8.0%
Total $1,571100%

Lee County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Bonita Springs 43,914 $9565.5%$53,274 31,716$269,300
Cape Coral 154,305 $1,5714.5%$51,407 78,948$181,900
Estero 22,612 $539X$62,031 18,479$281,600
Fort Myers Beach 6,277 $1433.8%$55,213 9,420$415,300
Fort Myers Beach 6,277 $1433.8%$55,213 9,420$415,300
Lehigh Acres 86,784 $407X$44,042 38,995$120,100
North Fort Myers 39,407 $517X$39,754 27,108$89,400
Sanibel 6,469 $1614.2%$88,906 7,821$644,900

Lee County is located in Southwest Florida. This region is responsible for 3.9% of Florida's economic activity. Lee County represents 56.2% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Charlotte County 159,978 $2,288 1.5% $45,112 100,612 $166,700
Lee County 618,754 $13,839 4.3% $49,444 372,117 $181,000
Collier County 321,520 $8,479 3.4% $56,876 198,423 $317,200
Total 1,140,169 $24,606 3.1% $50,477 671,152 $221,633

Cape Coral Real Estate

There are 72,696 properties in Cape Coral. The following table shows a summary of them based on 2014 sales data.

Cape Coral Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 71 0.10 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 1,629 2.24 4 $150,750 $56May 1st, 2014September 1st, 2014
Health Care 3 0.00 0n/an/an/an/a
Hotel & Motel 13 0.02 1 $830,000 $67May 1st, 2014May 1st, 2014
Industrial 351 0.48 24 $228,300 $45January 1st, 2014September 1st, 2014
Miscellaneous Property 34 0.05 0n/an/an/an/a
Mobile/Manufactured 52 0.07 4 $80,250 $83March 1st, 2014July 1st, 2014
Multifamily 2,539 3.49 164 $155,000 $49January 1st, 2014September 1st, 2014
Office 419 0.58 26 $305,000 $82January 1st, 2014September 1st, 2014
Residential 66,680 91.72 4,750 $145,000 $52January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 649 0.89 37 $500,000 $70March 1st, 2014September 1st, 2014
Senior Housing 17 0.02 0n/an/an/an/a
Special Purpose 209 0.29 14 $116,750 $53January 1st, 2014August 1st, 2014
Sports & Entertaining 30 0.04 6 $480,000 $60April 1st, 2014July 1st, 2014

Agricultural Real Estate in Cape Coral, Florida

71( .10%) of the properties in Cape Coral are classified as Agricultural.

Commercial Real Estate in Cape Coral, Florida

0( .00%) of the properties in Cape Coral are classified as Commercial.

Government Real Estate in Cape Coral, Florida

1,629( 2.24%) of the properties in Cape Coral are classified as Government. 4 of them sold between May 1st, 2014 and September 1st, 2014. The total value of these sales was $620,500. The median sales price was $150,750. In 2014 the median sales price for Government Property in Cape Coral was $56 per sq ft.

Health Care Real Estate in Cape Coral, Florida

3( .00%) of the properties in Cape Coral are classified as Health Care.

Hotel & Motel Real Estate in Cape Coral, Florida

13( .02%) of the properties in Cape Coral are classified as Hotel & Motel. 1 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $830,000. The median sales price was $830,000. In 2014 the median sales price for Hotel & Motel in Cape Coral was $67 per sq ft.

Industrial Real Estate in Cape Coral, Florida

351( .48%) of the properties in Cape Coral are classified as Industrial. 24 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $7,165,397. The median sales price was $228,300. In 2014 the median sales price for A Class Industrial in Cape Coral was $88 per sq ft, B Class properties sold for $45/ft and C Class $27/ft.

Miscellaneous Real Estate in Cape Coral, Florida

34( .05%) of the properties in Cape Coral are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Cape Coral, Florida

52( .07%) of the properties in Cape Coral are classified as Mobile/Manufactured. 4 of them sold between March 1st, 2014 and July 1st, 2014. The total value of these sales was $414,500. The median sales price was $80,250. In 2014 the median sales price for Mobile/Manufactured in Cape Coral was $83 per sq ft.

Multifamily Real Estate in Cape Coral, Florida

2,539( 3.49%) of the properties in Cape Coral are classified as Multifamily. 164 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $32,768,604. The median sales price was $155,000. In 2014 the median sales price for A Class Multifamily in Cape Coral was $66 per sq ft, B Class properties sold for $49/ft and C Class $33/ft.

Office Real Estate in Cape Coral, Florida

419( .58%) of the properties in Cape Coral are classified as Office. 26 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $11,672,258. The median sales price was $305,000. In 2014 the median sales price for A Class Office in Cape Coral was $135 per sq ft, B Class properties sold for $82/ft and C Class $40/ft.

Residential Real Estate in Cape Coral, Florida

66,680( 91.72%) of the properties in Cape Coral are classified as Residential. 4,750 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $902,759,038. The median sales price was $145,000. In 2014 the median sales price for A Class Residential in Cape Coral was $83 per sq ft, B Class properties sold for $52/ft and C Class $34/ft.

Residential Real Estate in Cape Coral, Florida

0( .00%) of the properties in Cape Coral are classified as Residential.

Retail Real Estate in Cape Coral, Florida

649( .89%) of the properties in Cape Coral are classified as Retail. 37 of them sold between March 1st, 2014 and September 1st, 2014. The total value of these sales was $25,992,009. The median sales price was $500,000. In 2014 the median sales price for A Class Retail in Cape Coral was $193 per sq ft, B Class properties sold for $70/ft and C Class $45/ft.

Senior Housing Real Estate in Cape Coral, Florida

17( .02%) of the properties in Cape Coral are classified as Senior Housing.

Special Purpose Real Estate in Cape Coral, Florida

209( .29%) of the properties in Cape Coral are classified as Special Purpose. 14 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,797,007. The median sales price was $116,750. In 2014 the median sales price for Special Purpose in Cape Coral was $53 per sq ft.

Sports & Entertaining Real Estate in Cape Coral, Florida

30( .04%) of the properties in Cape Coral are classified as Sports & Entertaining. 6 of them sold between April 1st, 2014 and July 1st, 2014. The total value of these sales was $4,397,500. The median sales price was $480,000. In 2014 the median sales price for Sports & Entertaining in Cape Coral was $60 per sq ft.

Cape Coral, Lee County Market Data

Cape Coral Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 38 54,067
Government Property 1,651 5,197,193
Health Care 1 53,781
Hotel & Motel 11 250,600
Industrial 331 4,013,357
Land 56,942 314,926
Miscellaneous Property 24 675,358
Mobile/Manufactured 49 63,805
Multifamily 2,539 9,653,812
Office 402 2,664,042
Residential 68,037 218,529,621
Retail 619 8,508,634
Senior Housing 15 669,693
Special Purpose 142 1,530,522
Sports & Entertaining 26 329,297

Cape Coral Median Property Values per Sq Ft

Cape Coral Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $272$14 $106$10 $57$8
Auto sales, auto repair and storage or auto service shop 2016 $505$21 $124$12 $57$8
Bowling alley, skating rink, pool hall or enclosed arena 2016 $405$10 $76$8 $19$6
Church 2016 $86$14 $69$10 $44$8
Club, lodge or union hall 2016 $86$14 $69$10 $44$8
Community Shopping Center 2016 $505$21 $124$12 $57$8
Condominium 2016 $165$16 $116$16 $84$16
County Owned 2016 $73$25 $67$17 $55$10
Cropland soil capability Class I 2014 $89$15 $43$12 $30$6
Cropland soil capability Class III 2016 $193$27 $74$15 $41$9
Dairies, feed lots 2016 $193$27 $74$15 $41$9
Department Store 2016 $505$21 $124$12 $57$8
Drive-in Restaurant 2016 $505$21 $124$12 $57$8
Enclosed theater or auditorium 2016 $590$10 $198$8 $44$6
Federal Owned 2016 $73$25 $67$17 $55$10
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $505$21 $124$12 $57$8
Forest, park or recreational area 2016 $86$25 $69$17 $44$10
Golf course or driving range 2016 $405$10 $76$8 $19$6
Government Undefined 2016 $86$25 $69$17 $44$10
Grazing land soil capability Class I 2016 $193$27 $74$15 $41$9
Grazing land soil capability Class II 2016 $193$27 $74$15 $41$9
Grazing land soil capability Class III 2016 $193$27 $74$15 $41$9
Grazing land soil capability Class V 2014 $89$15 $43$12 $30$6
Grazing land soil capability Class VI 2016 $193$27 $74$15 $41$9
Home for the aged 2016 $86$15 $69$10 $44$9
Hospital 2016 $86$25 $69$17 $44$10
Hotel or motel 2016 $405$33 $76$33 $19$33
Insurance company office 2016 $272$18 $106$12 $57$7
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $73$42 $67$15 $55$6
Light manufacturing 2016 $193$10 $74$7 $41$4
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $193$10 $74$7 $41$4
Miscellaneous Residential (migrant camp or boarding home.) 2016 $165$33 $116$33 $84$33
Mixed use - store and office or store and residential or residential combination 2016 $505$21 $124$12 $57$8
Mobile Home 2016 $99$6 $51$6 $29$6
Multi-family - 10 units or more 2016 $109$9 $60$8 $43$7
Multi-family - less than 10 units 2016 $82$9 $67$8 $55$7
Municipal Owned 2016 $73$25 $67$17 $55$10
Nightclub, cocktail lounge or bar 2016 $405$10 $76$8 $19$6
Office building, non-professional service building, multi-story 2016 $272$18 $106$12 $57$7
Office building, non-professional service building, one story 2016 $272$18 $106$12 $57$7
Ornamentals, miscellaneous agricultural 2016 $193$27 $74$15 $41$9
Orphanage, other non-profit or charitable services 2016 $86$14 $69$10 $44$8
Poultry, bees, tropical fish, rabbits, etc. 2016 $193$27 $74$15 $41$9
Private school or college 2016 $86$14 $69$10 $44$8
Privately owned hospital 2016 $86$25 $69$17 $44$11
Professional service building 2016 $272$18 $106$12 $57$7
Public county school 2016 $86$25 $69$17 $44$10
Regional Shopping Center 2016 $505$21 $124$12 $57$8
Repair service shop (excluding automotive) 2016 $272$21 $106$12 $57$8
Restaurant, cafeteria 2016 $505$21 $124$12 $57$8
Retirement Home not eligible for exemption. 2016 $165$15 $116$10 $84$9
Service station 2016 $505$21 $124$12 $57$8
Single Family 2016 $93$16 $70$16 $53$16
State Owned 2016 $73$25 $67$17 $55$10
Store, one story 2016 $505$21 $124$12 $57$8
Supermarket 2016 $505$21 $124$12 $57$8
Timberland - site index 90 and above 2016 $193$27 $74$15 $41$9
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $405$10 $76$8 $19$6
Undefined - Reserved for Use by Department of Revenue 2016 $82$16 $67$16 $55$16
Utility 2016 $73$42 $67$15 $55$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $193$10 $74$7 $41$4