The story of this market
The typical home in Cape Girardeau, Missouri sells for about $225,000, or $126 per square foot.
Prices are roughly flat from a year ago (+0.6%), a market in balance. Homes take about 33 days to sell.
Monthly price momentum
Home values since 2015
+3.7%
MO · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Cape Girardeau, Missouri
The Cape Girardeau housing market shows modest growth with a median sale price of $225,000, reflecting a 0.6% year-over-year increase. Market activity is characterized by a moderate pace with homes selling in approximately 33 days. The local economy remains stable, anchored by healthcare and education sectors.
No ARED county foreclosure postings attributed to Cape Girardeau yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 0.6% year over year.
Homes spend a median of 33 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 20.8% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional university that serves as a cultural and economic anchor for the city.
A popular municipal water park that serves as a key summer amenity for local families.
Cape Girardeau is well-suited for families, university employees, and healthcare professionals seeking an affordable cost of living with access to regional amenities and a stable employment base.
The city is served by the Cape Girardeau Public School District, which provides a range of educational services for the local community.
The city is served by major highway corridors including I-55, facilitating regional connectivity and commuting.
The city offers extensive recreational opportunities, including the Cape Splash Family Aquatic Center, numerous city parks, and access to the Mississippi River trail systems.
The rental market is supported by a significant student population from the local university, maintaining consistent demand for multi-family and single-family rental units.
The economy is anchored by the healthcare and higher education sectors, providing a stable employment base for the region.
Cape Girardeau serves as a regional hub for healthcare and education, with major employers including SoutheastHEALTH and Southeast Missouri State University driving local economic stability.
The city is served by the Cape Girardeau Public School District and various municipal utility districts.
The area is subject to standard regional climate risks, including potential for severe weather and flooding associated with the Mississippi River proximity.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Missouri) — Occupancy Law Property Tax Proration: Allows for the assessment and taxation of newly constructed residential property starting the first month following occupancy, and pro rata removal from tax rolls for improvements destroyed by natural disaster. State (Missouri) — Residential Property Tax Assessment: Residential property is assessed at 19% of its true market value. The formula is: (Market Value * 0.19) * Local Tax Rate = Annual Tax Liability.
Data retrieved from U.S. Census Bureau QuickFacts.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.