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 15.2 (under 15 favors buying, over 21 favors renting). Renting costs $1,835/mo; owning runs about $2,539/mo — $704/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $1,814 |
| Property tax | $307 |
| Home insurance | $139 |
| Maintenance | $279 |
| Total to own | $2,539 |
| Average 2BR rent | $1,835 |
Based on a median home value of $334,660 with a $66,932 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.