Rent vs Buy in Cape Coral, FL
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Cape Coral, FL
Price-to-rent ratio is 15.3 (under 15 favors buying, over 21 favors renting). Renting costs $1,843/mo; owning runs about $2,525/mo — $682/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,792 |
| Property tax | $310 |
| Home insurance | $141 |
| Maintenance | $282 |
| Total to own | $2,525 |
| Average 2BR rent | $1,843 |
Based on a median home value of $338,328 with a $67,666 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.