Cape Coral 9th Fastest Growing City in America! (Fort Myers, North Fort Myers: apartment, city hall)

[rikoshaprl]

https://www.forbes.com/sites/samanth.../#141a4967febf

[Taratova]

The cape is rolling in dough with all the building going on.. more taxes paid to the city . On Pine Island and 24th ave their are a huge amount of condos being built.. there will be thousands more people paying taxes. Homes being built all around the cape.. Yet I hear that rents are sky high here again. A young family will struggle to pay the rent again. New renters in my neighborhood are paying $1800 for a home built in the late eighties. It is one of the oldest homes in the neighborhood and nothing great to speak about.

[nhkev]

Originally Posted by Taratova

The cape is rolling in dough with all the building going on.. more taxes paid to the city . On Pine Island and 24th ave their are a huge amount of condos being built.. there will be thousands more people paying taxes. Homes being built all around the cape.. Yet I hear that rents are sky high here again. A young family will struggle to pay the rent again. New renters in my neighborhood are paying $1800 for a home built in the late eighties. It is one of the oldest homes in the neighborhood and nothing great to speak about.

just did a quick search on realtor.com for rentals.. there are plenty in cape coral,, homes built around 2006 3bed 2 bath around $1500. that's not outrageous at all.

[LifeIsGood01]

Originally Posted by nhkev

just did a quick search on realtor.com for rentals.. there are plenty in cape coral,, homes built around 2006 3bed 2 bath around $1500. that's not outrageous at all.

That's a little high for this area and rents have gone up a lot recently.


WHen I moved to Cape Coral and lived with a roommate for a few months in January of 2016 he was paying $850 for a big 2/2 half a duplex with a huge master bedroom on a canal near City Hall.

I then bought a small older 3/1 that was renting for $675 and now a small older 2/1 down the block is renting for $950 in North Fort Myers.

[LifeIsGood01]

Originally Posted by Taratova

The cape is rolling in dough with all the building going on.. more taxes paid to the city . On Pine Island and 24th ave their are a huge amount of condos being built.. there will be thousands more people paying taxes. Homes being built all around the cape.. Yet I hear that rents are sky high here again. A young family will struggle to pay the rent again. New renters in my neighborhood are paying $1800 for a home built in the late eighties. It is one of the oldest homes in the neighborhood and nothing great to speak about.

Out of curiosity do you know how much they are selling for?

[nhkev]

Originally Posted by LifeIsGood01

That's a little high for this area and rents have gone up a lot recently.


WHen I moved to Cape Coral and lived with a roommate for a few months in January of 2016 he was paying $850 for a big 2/2 half a duplex with a huge master bedroom on a canal near City Hall.

I then bought a small older 3/1 that was renting for $675 and now a small older 2/1 down the block is renting for $950 in North Fort Myers.

disagree.... according to citydata . Cape Coral's median income is 57k. that's 7k higher than florida average and 31 percent increase vs 2000. based on that income and having no income tax $1500 is pretty much in line. obviously median means half make more half make less. I was basing off a 3 bed 2 bed 1800 sq ft house so someone making less can afford a smaller house/ apartment someone needing 3 beds likely would be married and having dual incomes.