Cape Coral: A Look into the Rental Market

Cape Coral, Florida is a vibrant city known for its natural beauty, outdoor recreational activities, and a growing economy. As the city continues to grow, the rental market remains competitive. Here's a look at the latest rent trends in Cape Coral, FL.

Rent Prices in Cape Coral, FL

According to the latest data, the median rent price in Cape Coral, FL for April 2023 is $2,500. This is a $27 decrease from April 2022. Despite the slight fluctuations, the rental market in Cape Coral remains strong.

Comparison to National Median Rent

The median rent in Cape Coral, FL is $2,500, which is $350 more than the national median of $2,150. This is not surprising, given Cape Coral's popularity as a destination for both short and long-term residents.

Available Rentals

Currently, there are 654 rentals available in Cape Coral, FL. This indicates that there are plenty of rental options available to residents and potential renters. However, as the city continues to grow, the demand for rental properties is likely to increase, which may impact the availability of rentals in the future.

Factors Impacting Rent Prices

The fluctuations in rent prices in Cape Coral, FL can be attributed to various factors, such as the seasonality of the rental market and the availability of rental properties. As the city continues to attract new residents and visitors, the demand for rental properties is expected to remain high, which may result in increased rent prices in the future.

Overall, the rental market in Cape Coral, FL remains competitive, with a median rent price of $2,500. While there have been slight fluctuations in rent prices over the past year, the city's growing popularity and demand for rental properties are expected to keep the rental market strong. With 654 rentals currently available, there are plenty of options for potential renters. However, as the city continues to grow, renters should expect to pay higher rent prices in the future.