Cape Coral, FL
Population 206,387 · Florida
About Cape Coral, FL
Cape Coral is a major city located in Florida with a population of 206,387 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,062 per year, which is 1% above the national median of $75,149. The median age of 48.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cape Coral features a median home value of $339,200, which is 39% above the national median of $244,900. This positions Cape Coral in a moderately priced market relative to the rest of the country. Median monthly rent is $1,751, 51% above the national average of $1,163/month. Of the 95,914 total housing units, 78% are owner-occupied (61,579 units) and 22% are renter-occupied (17,679 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cape Coral shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 9.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cape Coral have an average one-way commute time of 29.1 minutes.
Education & Demographics
25.7% of Cape Coral residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.9% White, 1.1% Hispanic or Latino, 4.9% Black or African American, and 7.5% Asian residents, with 17.9% of the population being foreign-born.
How Cape Coral Ranks in Florida
Cost of Living in Cape Coral, FL
Compared to national averages, Cape Coral has a median household income of $76,062 (1% above the national median of $75,149). Home values average $339,200, which is 39% above the national median. Monthly rent at $1,751 is 51% above the US average of $1,163. Within Florida, Cape Coral's income is 0% above the state average of $75,893, and home values are 4% below the state median of $353,675.
Why Live in Cape Coral, FL?
Cape Coral offers a strong local economy with a median household income of $76,062, well above the national average, and a low poverty rate of 9.8%, better than the national average.
Cape Coral has a population of 206,387 with a median age of 48.7 years. Compare Cape Coral with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Cape Coral
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tallahassee | 199,696 | $55,931 | $276,000 | Compare |
| Port St. Lucie | 220,453 | $78,137 | $327,700 | Compare |
| Hialeah | 221,901 | $53,079 | $359,200 | Compare |
| Fort Lauderdale | 183,032 | $79,935 | $455,600 | Compare |
| Pembroke Pines | 170,557 | $81,675 | $411,700 | Compare |
| Hollywood | 152,935 | $65,359 | $374,200 | Compare |
| St. Petersburg | 260,646 | $73,118 | $331,500 | Compare |
| Gainesville | 143,611 | $45,611 | $235,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cape Coral With Other Cities
Frequently Asked Questions about Cape Coral
What is the population of Cape Coral, FL?
The population of Cape Coral, FL is 206,387 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Florida.
What is the median household income in Cape Coral?
The median household income in Cape Coral, FL is $76,062 per year, which is 1% above the national median of $75,149.
What is the median home value in Cape Coral?
The median home value in Cape Coral, FL is $339,200, which is 39% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cape Coral?
The median monthly rent in Cape Coral, FL is $1,751, which is 51% above the national average of $1,163/month.
What is the unemployment rate in Cape Coral?
The unemployment rate in Cape Coral, FL is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cape Coral, FL a good place to live?
Cape Coral offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 206,387 and a median age of 48.7, the city appeals to established professionals and retirees.
How educated is Cape Coral, FL?
25.7% of residents in Cape Coral aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cape Coral?
Key cost-of-living indicators for Cape Coral, FL: median home value is $339,200 (39% above national), median rent is $1,751/month, and median household income is $76,062. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Cape Coral?
The poverty rate in Cape Coral, FL is 9.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cape Coral, FL?
Cape Coral's population is 1.9% White, 1.1% Hispanic or Latino, 4.9% Black or African American, 7.5% Asian, and 4.2% two or more races. 17.9% of residents are foreign-born.