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Jacksonville vs Cape Coral for Rental Property Investing

Side-by-side comparison of Jacksonville, FL and Cape Coral, FL — cap rates, rent, prices, and investment metrics.

Jacksonville wins 4–3 across key metrics
Jacksonville leads on cash flow (3.76% vs 3.75% cap rate) · Cape Coral leads on population growth
Metric
Jacksonville, FL
Cape Coral, FL
Est. Cap Rate
3.76%
3.75%
Median Home Price
$310,000
$340,000
Median Monthly Rent
$1,480
$1,620
1% Rule
0.48%
0.48%
GRM
17.5x
17.5x
Price / Income
5.3x
5.8x
Property Tax Rate
0.86%
0.87%
Vacancy Rate
5.4%
5.2%
Population Growth
1.7% / yr
3.2% / yr
Annual Appreciation
3.6%
3.8%
Population
985,843
216,961
Median Income
$58,200
$58,400

Jacksonville vs Cape Coral: Which Is Better for Investors?

Cash flow: Jacksonville has the edge with an estimated cap rate of 3.76% compared to Cape Coral's 3.75%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $310,000 in Jacksonville vs $340,000 in Cape Coral, while rents come in at $1,480/mo and $1,620/mo respectively.

Growth & appreciation: Cape Coral is growing faster at 3.2% annually vs Jacksonville's 1.7%. Cape Coral leads on home value appreciation at 3.8% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 0.86% in Jacksonville vs 0.87% in Cape Coral. Vacancy rates of 5.4% and 5.2% are both healthy, suggesting strong tenant demand in both markets.

Bottom line: Jacksonville edges out Cape Coral on most key metrics. While cap rates are moderate at 3.76%, Jacksonville's overall profile is stronger. Use our free calculators to model specific deals in Jacksonville or Cape Coral.

Jacksonville, FL
3.76% cap rate · $310,000 median · $1,480/mo
Full analysis →
Cape Coral, FL
3.75% cap rate · $340,000 median · $1,620/mo
Full analysis →
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