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Cities with the most expensive homes in the Cape Coral metro area

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Arina P Habich // Shutterstock
Arina P Habich // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Cape Coral metro area using data from . Charts show the monthly typical home value since January 2018. All 14 cities and towns with data available were included in the list.

You may also like: Most expensive homes for sale in Cape Coral

#14. North Fort Myers, FL

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#14. North Fort Myers, FL

- Typical home value: $262,035
- 1-year price change: -4.0%
- 5-year price change: +5.3%

#13. Lehigh Acres, FL

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#13. Lehigh Acres, FL

- Typical home value: $279,720
- 1-year price change: -5.8%
- 5-year price change: +25.1%

#12. Fort Myers, FL

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#12. Fort Myers, FL

- Typical home value: $305,650
- 1-year price change: -5.0%
- 5-year price change: +9.3%

#11. Cape Coral, FL

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#11. Cape Coral, FL

- Typical home value: $335,825
- 1-year price change: -3.9%
- 5-year price change: +3.5%

#9. Bokeelia, FL

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#9. Bokeelia, FL

- Typical home value: $377,568
- 1-year price change: -3.5%
- 5-year price change: +7.1%

#8. Saint James City, FL

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#8. Saint James City, FL

- Typical home value: $428,977
- 1-year price change: +0.6%
- 5-year price change: +5.9%

#7. Estero, FL

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#7. Estero, FL

- Typical home value: $485,717
- 1-year price change: -3.5%
- 5-year price change: +21.5%

#6. Fort Myers Beach, FL

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#6. Fort Myers Beach, FL

- Typical home value: $486,185
- 1-year price change: -0.9%
- 5-year price change: -7.7%

#4. Sanibel, FL

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#4. Sanibel, FL

- Typical home value: $800,189
- 1-year price change: -1.8%
- 5-year price change: -13.2%

#3. Miromar Lakes, FL

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#3. Miromar Lakes, FL

- Typical home value: $1,163,805
- 1-year price change: -2.0%
- 5-year price change: +33.4%

#2. Captiva, FL

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#2. Captiva, FL

- Typical home value: $1,203,750
- 1-year price change: -5.3%
- 5-year price change: -1.5%

#1. Boca Grande, FL

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#1. Boca Grande, FL

- Typical home value: $2,574,062
- 1-year price change: -7.7%
- 5-year price change: +5.3%