You guys, Cape Coral is growing rapidly and we could not be more excited about it. Have you seen the changes that have happened just in the last 5 years? We have and we’re telling you, this is the place to be.
Now, we know what you’re thinking. We’re biased because we’re Real Estate Agents in Cape Coral. But no, that’s not it. This is real. This is happening. Our time has come. The sweet, little retirement town of Cape Coral is where everyone wants to be, so you’d better get in now.
Let’s talk about what’s got us so excited:
- Cape Coral is one of the fastest-growing cities with a growth rate of 7% every year. If that doesn’t seem like a lot, let's paint a picture for you: in 2010 Cape Coral was home to 154,736 residents. By 2020, that number grew to a whopping 200,972 residents.
- Cape Coral is the 8th largest city in Florida and the largest city between Miami and Tampa. That’s just a cool stat we like to throw around every now and again.
- The median age is now 42. The phrase “we’re not getting any younger” does not apply here. Cape Coral is, in fact, getting younger. And, Millennials? Don’t think we don’t see you. More millennials are moving here as we’re met with a growing workforce to support expanding technology, office, and industrial companies.
Let’s rate Cape Coral on its level of “hotness”:
- Ranked #2 of Where More Young Residents Are Buying Homes.
- Ranked #2 of The 25 Most Up-and-Coming Cities in America. If that doesn’t excite you, what will?
- Ranked one of the best U.S. cities to start a business.
- Listed as one of the Top 10 fastest-growing cities in the nation by Forbes Magazine.
- Ranked one of the safest cities in the state of Florida. See? We’re good people.
We can all agree, those statistics are wild, but what’s better than statistics is the feel of the city. Cape Coral is a dynamic city with a tropical lifestyle and hometown vibes. The quality of life here is unparalleled. There is so much to do here but for someone that also enjoys larger city life, Tampa is only 2 hours North and Miami and Ft. Lauderdale are only 2.5 hours East. Living in Cape Coral gives you the best of both worlds.
In 2021, we saw home prices at a median of $360,000. It’s only March of 2022 and the median sales price is already up to $414,500. They will only continue to rise as we see this great city reach its true potential as the large hometown hub of SWFL.
Take a look at this snapshot of activity in 2021 vs activity in 2022:
Watching Cape Coral grow at a pace none of us saw coming has been incredible. Being recognized as one of the fasted growing areas in the country is so exciting for us as, not only real estate professionals but young millennials. Cape Coral isn’t just for the retired anymore. While it is such a great place for older people to end up, it’s also becoming a great place for young people to put their roots down. This vibrant city is growing and we can’t wait to see what it will look like in the next five years. Other cool facts to know:
Take a look at the current and planned developments in the Cape.
