Cape Girardeau County, Missouri Housing Market Prices
Cape Girardeau County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 48% above the Missouri median More expensive than 81% of counties in Missouri$214,661
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Median rent 15% below the Missouri median More expensive than 77% of counties in Missouri$880
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cape Girardeau County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,661 | $145,462 | $248,835 |
| Price Trend (Annual %) | 9.6% | 5.2% | 7.5% |
| Median Gross Rent | $880 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cape Girardeau County is about 48% higher than in Missouri. Rent is about 15% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cape Girardeau County, up about 9.6% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Cape Girardeau County rose about 29.2% between 2015 and 2024, from $682 to $880. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Cape Girardeau County.
Buying the median-priced home in Cape Girardeau County costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cape Girardeau County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Cape Girardeau County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,661 | $145,462 | $248,835 |
| Median Household Income | $67,617 | $70,801 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cape Girardeau County rose about 108.0%, while median household income rose about 44.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cape Girardeau County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 60.5% | 58.5% |
| Rental Rate | 29.9% | 28.3% | 31.2% |
| Vacancy Rate | 10.1% | 11.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Cape Girardeau County has a homeownership rate of 60.0%, about the same as the Missouri average of 60.5%. Its housing vacancy rate is 10.1%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Cape Girardeau County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1985 | 1978 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Cape Girardeau County was built around 1985. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Cape Girardeau County, MO Housing Compared With Nearby Counties
How Cape Girardeau County, MO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cape Girardeau County, MO | 82,735 | $214,661 #1/3 | $880 #1/3 | 66.8% #3/3 |
| Bollinger County, MO | 10,559 | $159,698 | $693 | 82.3% |
| Scott County, MO | 37,932 | $179,554 | $872 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Cape Girardeau County, Missouri.
What is the median home price in Cape Girardeau County, Missouri?
The median home price in Cape Girardeau County, Missouri is $214,661, higher than the Missouri average of $145,462.
What is the average home price in Cape Girardeau County, Missouri?
The typical home price in Cape Girardeau County, Missouri, reported as the median sale price, is $214,661. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cape Girardeau County, Missouri?
The median gross rent in Cape Girardeau County, Missouri is $880 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Cape Girardeau County in 2020?
In 2020, the median gross rent in Cape Girardeau County, Missouri was $794 per month.
What is the price-to-rent ratio in Cape Girardeau County, Missouri?
The price-to-rent ratio in Cape Girardeau County, Missouri is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cape Girardeau County.
Are home prices or rent rising faster in Cape Girardeau County, Missouri?
Both home prices and rent are rising in Cape Girardeau County, up about 9.6% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cape Girardeau County, Missouri?
60.0% of households in Cape Girardeau County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Cape Girardeau County, Missouri?
The housing vacancy rate in Cape Girardeau County, Missouri is 10.1%, lower than the Missouri average of 11.2%.
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