Housing in Cape Royale

A typical Cape Royale home is worth roughly $317,000

Home prices around Cape Royale have risen about 71% over the past 5 years.

Typical home value

$317K

▲ 11.3% in a year · TX $299K

Estimate

2-bedroom rent

$1,060

a month, utilities in · HUD

Median tax bill

$4,311

TX $4,232

What kind of housing town is Cape Royale?

Read from the numbers below. The page puts what stands out first.

Prices climbing fastUp 11.3% in a year.A second-home town51% of homes are seasonal or vacation homes.A town of owners95% of households own their home.Newer homesThe typical home was built around 1996.

★ What stands out · Price trend

Home prices up 71% in 5 years

The federal house price index for the ZIP code around Cape Royale rose 71% over the past 5 years, faster than across Texas (43%). Last year prices rose 11%.

Cape Royale areaTexas

+11%

past year

+71%

past 5 years

+135%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Cape Royale, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

95% of Cape Royale households own their home

Half of Cape Royale’s homes were built before 1996.

Owners and renters

Own 95%Rent 5%

Texas: 63% own.

1996

typical home built · TX 1992

$4,311

median property tax bill · TX $4,232

1.36%

of a home’s value, a year in tax · TX 1.49%

51%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 4.2 years of income

More than across Texas (3.8 years). Try your own numbers below.

You could afford about

$274,000

Typical Cape Royale home $317K

That’s $42K short of a typical Cape Royale home.

The typical home, each month

$2,020

Loan $1,570Tax $360Insurance $90

A two-bedroom rents for about $1,060 a month here, $960 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Cape Royale’s typical property tax (1.36% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,060

Fair Market Rent a month, utilities included

Studio$860

1 bedroom$970

2 bedrooms$1,060

3 bedrooms$1,420

4 bedrooms$1,780

of households rent · TX 37%

renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (San Jacinto County, TX HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Neighbors talk housing

What Cape Royale buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Cape Royale still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.