Foreclosures in Cape Girardeau, MO 63701

Current Market Conditions in Cape Girardeau, MO

The current real estate market in Cape Girardeau is experiencing a steady rise in home values, attributed to increasing demand and limited inventory. More buyers are attracted to the area for its affordability compared to larger metropolitan centers. Homes in Cape Girardeau often sell quickly due to the appealing lifestyle and community amenities available.

Recently, the market trends have shown a significant increase in new constructions and renovations, indicating a revitalization in certain neighborhoods. This growth is fueled by both local and outside investment as people seek opportunities in this thriving city.

Rent Prices In Cape Girardeau, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cape Girardeau, MO, is on a rollercoaster ride. The average rent price in Cape Girardeau, MO, is $1,155.00. Indeed, when looking to rent in Cape Girardeau, MO, you can expect to pay as little as $470.00 or as much as $3,380.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Cape Girardeau, MO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.