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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Cape Coral, FL Housing Affordability Index

Cape Coral, Florida has an MBR Housing Affordability Index score of 103.0 (Near National Average) as of October 30, 2026, ranking 210th most affordable of 479 scored Florida cities, compared with 92.5 statewide and 97.4 nationally. On a median-priced $373,500 home with 20% down, the Florida average 30-year fixed rate of 7.14% means a monthly principal and interest payment of about $2,016, or 31% of the city’s $78,104 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cape Coral is updated every night from live Florida mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Cape Coral MBR-HAI 103.0 Near National Average
Rank in Florida 210 of 479 1 = most affordable
Florida 92.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.14% Florida lenders
Median home value $373,500 U.S. Census Bureau

Cape Coral is 10.5 points above the Florida score. Scores as of October 30, 2026. See the Florida index

View Cape Coral Mortgage Rates

What It Takes to Buy in Cape Coral

$2,016/mo
Principal & Interest
Median home, 20% down, 7.14%
$86,400
Income Needed
To keep the payment at 28% of income
$78,104
Median Household Income
Florida: $74,568
4.8x
Price-to-Income Ratio
Florida: 4.8x
$1,510/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,232/yr
Median Property Tax
0.87% of median value
39.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
61.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Cape Coral, Florida. The rate is the Florida average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Cape Coral Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cape Coral, Florida score: 103.0 (Near National Average), ranked 210 of 479 Florida cities. monitorbankrates.com/housing-affordability-index/florida/cape-coral”