33990, Cape Coral, FL

The Cape Coral zip code of 33990 has a population of around 137,000 people and is located in Lee County. Home prices in the Cape Coral zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in April 2017. The average home value in the Cape Coral zip code is now $257,600.

There are a number of factors that have contributed to the increase in home values in the Cape Coral zip code. The most significant factor has been strong demand from buyers and investors, as well as low interest rates. Additionally, there is a large number of homes available for sale in the area, which has helped to drive prices up.

Despite these positive trends, there are some risks associated with buying or selling a home in the Cape Coral zip code. For example, if interest rates increase or if there are any major changes in the economy that affect housing prices negatively, then prices could decline quickly. Additionally, although there are many homes available for sale currently, it may not be long before those properties become unavailable again due to high demand from buyers.