Cape Girardeau Metro Area, MO Housing

The housing market in the Cape Girardeau, MO Metro Area is currently strong and steadily increasing in value. The median value for houses in the area is $182,700, which is significantly lower than the US house median value of $338,100. In addition, the 1-year house appreciation rate in the area is 12.86%, which is higher than the US 1-year house appreciation rate of 8.27%. This indicates that home values are rising quickly in this area. As a result, it may be a good time for potential buyers to invest in this market before prices continue to rise.

The median home cost in Cape Girardeau Metro Area is $182,700. Home appreciation the last 10 years has been 54.8%. Home Appreciation in Cape Girardeau Metro Area is up 15.3%.

Average Age of Homes

- The median age of Cape Girardeau Metro Area real estate is 40 years old

The Rental Market in Cape Girardeau Metro Area

- Renters make up 29.0% of the Cape Girardeau Metro Area population
- 2.5% of houses and apartments in Cape Girardeau Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cape Girardeau, Missouri	United States
	43,209.0	139,647,020.0
	42	42
	$182,700	$338,100
	15.3%	16.6%
	45.6%	57.0%
	54.8%	101.1%
	$7.62	$10.98
	$1,170	$2,690
	59.4%	57.4%
	15.6%	11.2%
	25.0%	31.4%
Vacant Housing
	2.5%	1.9%
	0.3%	0.4%
	1.2%	0.7%
	0.3%	0.4%
	3.9%	3.6%
	7.3%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	3.2%	2.4%
	2.9%	2.8%
	5.5%	3.9%
	6.7%	4.5%
	22.6%	11.3%
	21.1%	13.0%
	18.4%	20.1%
	8.4%	13.6%
	2.8%	8.3%
	3.2%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.7%	13.6%
	11.7%	13.6%
	16.0%	13.6%
	14.0%	13.2%
	16.2%	14.8%
	16.0%	13.6%
	8.5%	10.0%
	4.8%	4.7%
	10.8%	12.2%

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