The housing market in Cape Girardeau, MO is thriving! The median value of homes in the area is $180,400, which is considerably lower than the US median value of $338,100. This makes it a great option for those looking to purchase an affordable home. In addition, the one year house appreciation rate in Cape Girardeau is 13.66%, which is higher than the US 1 year house appreciation rate of 8.27%. This means that investing in housing in this area can be a lucrative decision. With its low median value and high appreciation rate, Cape Girardeau offers great potential for those looking to buy or sell a home.
The median home cost in Cape Girardeau is $180,400. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Cape Girardeau is up 15.3%.
Average Age of Homes
- The median age of Cape Girardeau real estate is 45 years old
The Rental Market in Cape Girardeau
- Renters make up 40.6% of the Cape Girardeau population
- 4.0% of houses and apartments in Cape Girardeau, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.