Real Estate Investing in Cape Coral, Florida (33909)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33909 (Cape Coral, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- 1-year downturn: Values declined 3.7% in the last year.
What’s happening in Cape Coral, FL (33909)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33909 Cape Coral
The 33909 ZIP in Cape Coral, FL is a local-operator market. Outside capital chasing a $296K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33909 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Cape Coral have seen price recovery that 33909 has not matched. Lee County data supports the view that the spread is structural rather than temporary.
Resident income in 33909 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 33909 is an operator game, not a passive one. On the rental side, entry prices of $296K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cape Coral:
Property Strategy for 33909
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $196,713 | $2,170 | 7.9% | +7.0% | $98,357 |
| 3BR | $293,001 | $2,830 | 7.0% | +6.8% | $97,667 |
| 4BR | $340,930 | $3,140 | 6.6% | +6.9% | $85,232 |
| 5BR | $407,665 | — | — | +6.3% | $81,533 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33909 Compare?
| Metric | 33909 | Cape Coral | Cape Coral-Fort Myers, FL | Florida |
|---|---|---|---|---|
| Home Value | $295,740 | $344,995 | N/A | $374,697 |
| 5-Year CAGR | 3.1% | 2.1% | N/A | 7.4% |
| Avg Rent | $1,867 | $1,903 | N/A | - |
| Cap Rate | 4.9% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33909 (Cape Coral, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33909 (Cape Coral, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Lee County
Manage rentals here? List your business →Ocean Blue Property Management offers residential, multi-family, commercial, and vacation property management services in Tampa Bay and Fort Myers. summary from their website
Sandcastle Community Management offers HOA and Condominium Management, professional maintenance, financial solutions, and real estate services in Florida, including Naples, Fort Myers, and Bonita Spri summary from their website
JNS Property Management is a full-service development and management company specializing in commercial retail and office space in Central Florida. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $295,740 |
| Monthly Rent | $1,867 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | -3.7% ▼ |
| 3-Year CAGR | -4.9% ▼ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -5.6% ▼ |
| 3-Year CAGR | -3.1% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33909
Population: 36,917
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33909
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 770 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Cape Coral, FL a good market for buy-and-hold investors?
The 3.0/5 investability rating in Cape Coral, FL reflects its $296K prices and $1,867/mo rents. Investors generally consider it a solid option within FL.
How tight is the rental market in Cape Coral, FL?
Occupancy in Cape Coral, FL runs predictable with elevated vacancy. Well-priced units at $1,867/mo lease on reasonable timelines.
What is the average monthly rent in Cape Coral, FL?
Rental rates in Cape Coral, FL average $1,867/mo. Tenant demand and $296K home values make the yield look reasonable by investor standards.
Is house hacking profitable in Cape Coral, FL?
The house hack math a challenging in Cape Coral, FL. Owner-occupant buyers benefit from the $1,867/mo rents and $296K home values.
Does Cape Coral, FL favor landlords or tenants?
FL law landlord-friendly for landlords, and Cape Coral inherits those rules. Investors should still review local ordinances for rental licensing.
You know 33909 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33909 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33909 ranks in Cape Coral-Fort Myers, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33909 (Cape Coral)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33909 (Cape Coral, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.