Real Estate Investing in Cape Coral, Florida (33993)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33993 (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.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- 1-year downturn: Values declined 3.3% in the last year.
What’s happening in Cape Coral, FL (33993)?
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Market Analysis: 33993 Cape Coral
Not every below-median market is a bargain. Cape Coral's 33993 ZIP reports signals that favor experienced operators who can absorb the risk $328K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 33993 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Cape Coral have seen price recovery that 33993 has not matched. Lee County data supports the view that the spread is structural rather than temporary.
Resident income in 33993 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 33993 is an operator game, not a passive one. Turning to rents, entry prices of $328K 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 33993
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $385,201 | $2,520 | 4.7% | +2.8% | $192,600 |
| 3BR | $320,837 | $3,290 | 7.4% | +7.0% | $106,946 |
| 4BR | $350,463 | $3,640 | 7.5% | +6.6% | $87,616 |
| 5BR | $642,033 | — | — | +6.5% | $128,407 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33993 Compare?
| Metric | 33993 | Cape Coral | Cape Coral-Fort Myers, FL | Florida |
|---|---|---|---|---|
| Home Value | $327,791 | $344,995 | N/A | $374,697 |
| 5-Year CAGR | 3.2% | 2.1% | N/A | 7.4% |
| Avg Rent | $1,985 | $1,903 | N/A | - |
| Cap Rate | 4.7% | 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 33993 (Cape Coral, FL). Anonymous, moderated, never written by AI.
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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 | $327,791 |
| Monthly Rent | $1,985 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | -5.3% ▼ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -9.9% ▼ |
| 3-Year CAGR | -4.4% ▼ |
| 5-Year CAGR | +1.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 33993
Population: 33,045
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 33993
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 4,124 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Cape Coral, FL?
Tenant demand in Cape Coral, FL is solid. The local workforce $1,985/mo rents across most rental classes.
How does Cape Coral, FL stack up for property investment?
Yes - Cape Coral, FL a 3.0/5 investability score. With $328K home prices against $1,985/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the average home sale price in Cape Coral, FL?
Expect median prices around $328K in Cape Coral, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Where do rents currently stand in Cape Coral, FL?
The typical rental in Cape Coral, FL commands about $1,985/mo monthly. That rent profile measured cash flow against the $328K purchase basis.
How landlord-friendly is Cape Coral, FL?
The landlord environment in Cape Coral, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 33993 now. You don’t know where it ranks.
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How 33993 ranks in Cape Coral-Fort Myers, FL
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