The analysis found that Cape Coral, Florida has the most properties — and the largest percentage of properties — at substantial risk of flooding nationwide: more than 90,000 properties, or almost 70 percent of the city’s stockpile.
Is Cape Coral FL in a flood zone?
It is important to know some basic facts about flooding and steps you can take now to protect your life and property. Most residents of Cape Coral live in a flood zone that falls into a category called a “Special Flood Hazard Area.” These areas are the V-Zone and A-Zone on the Flood Zone map.
Will Cape Coral go underwater?
Maya Robert, director of Environmental Resources for Cape Coral. “Roughly forty percent of Cape Coral is in a flood zone.” Sea level rise could leave Cape Coral underwater.
How much does flood insurance cost in Cape Coral FL?
The average cost of flood insurance in Florida is $562 for policies purchased through the NFIP.
Cost of flood insurance in Florida.
| City | Cape Coral |
|---|---|
| Policies in force | 33,256 |
| Total coverage | $8,911,569,500 |
| Total premiums | $24,297,524 |
| Average cost per policy | $731 |
What part of Florida is least prone to flooding?
Kissimmee. A little southeast of Orlando is the city of Kissimmee. Although the city nestles up to Lake Tohopekaliga (Toho, for short), Kissimmee is on our no-flood list. According to the Kissimmee Public Works website, most “flooding” in the city results from water puddling in lower spots and overflowing ditches.
Are house prices dropping in Cape Coral Florida?
Cape Coral, FL Housing Market Summary
The median list price in Cape Coral was less than 1% change from July to August. Cape Coral’s home resale inventories is 2,546, which decreased 1 percent since July 2022. The median list price per square foot in Cape Coral is $257. July 2022 was $258.
Is Cape Coral a good place to invest?
According to Zillow, Cape Coral’s median home value is currently at $227,500. Compared to the past year, the values have increased by 5.6%. Based on the real estate market prediction, the Cape Coral market will increase by 0.8% in 2019.
Is Cape Coral up and coming?
“We’re the 5th fastest growing, medium sized city in the country,” said Ricardo Noguera, Cape Coral economic and business development manager. Since the pandemic, Cape Coral’s population has exploded. With 208,000 people, the Cape has almost double the populations of Fort Myers (96,000) and Naples (20,000) combined.
What is the nicest part of Cape Coral?
Southeast Cape Coral
Also a winner for family living, Southeast Cape Coral was the first area to be developed in the 1950s and 60s and has some of the best boating access. The community is a wonderful mix of retirees and families. There are waterfront neighborhoods like Cornwallis, Beach Parkway, and Savona.
How many years until Florida is underwater?
By 2100, large swaths of coastal land in Florida will be permanently submerged. In the shorter term, rising seas will increase the frequency and severity of coastal flooding. Statewide, three feet of flooding puts at risk: Future sea level depends on greenhouse gas emissions and atmospheric / oceanic processes.
Is Cape Coral expensive to live?
As many Florida residents know, coastal real estate is always in high demand. While Florida is a cheaper place to live than other parts of the country, Cape Coral’s cost of living is higher than the state average. Compared to nearby Fort Myers real estate, housing costs are 11% more expensive.
Does Cape Coral get hurricanes?
Homefacts states that Cape Coral has recorded 82 hurricanes since 1930. How often does a storm hit the Cape Coral area? According to FEMA the Cape Coral area is affected by a tropical storm or hurricane about every 3 years.
What are flood zones in Florida?
Flood Zone Definitions
| Zone | Description |
|---|---|
| IN | 100-year floodplain, no BFEs determined. |
| B, X500 | 500-year floodplain (0.2% annual chance of flooding) |
| C, X | Outside 100-year and 500-year floodplain. |
| D, UNDES | Possible but undetermined flood hazards. |
Where should I not live in Florida?
Keep reading for a rundown of the top 20 worst places to live in Florida.
- Florida City. Lying just south of Homestead, Florida City is not the kind of place you want to live without a high-quality security system.
- Lake City.
- Lake Park.
- Opa Locka.
- Miami Beach.
- Daytona Beach.
- Leesburg.
- Cocoa.
What part of Florida gets hit by hurricanes the most?
The Most Hurricane-Prone Areas in Florida
The Northwest Florida Panhandle is so prone to hurricanes that it has surpassed every other state as a whole, as Texas is the second most hurricane-prone state in the U.S. with 64 total hurricanes.
Which part of Florida is safest from hurricanes?
Safest Places to Live in Florida From Hurricanes
- Leesburg. Leesburg, Florida is considered one of the safest places in the state when it comes to the risk of hurricanes.
- Orlando. If you’re looking for hurricane-safe Florida cities, you’ll want to check out O-Town.
- Sanford.
- Kissimmee.
- Palatka.
- Lake City.
- Naples.
- Ocala.
What is Cape Coral miserable mile?
The Miserable Mile is a stretch of super busy waterway near Ft Myers with an incredibly narrow channel. Powerboats fly this way and that, wakes churn the water, and straying from the channel even a few feet means running aground.
Is Cape Coral a buyers or sellers market?
Cape Coral, FL is a seller’s market in July 2022, which means that there are more people looking to buy than there are homes available.
Is the housing market going to crash in 2022?
Experts predict that house price growth will slow down in the coming months, as higher mortgage rates and the cost of living crisis impact upon home buyers. The Land Registry says prices rose by 12.8% year-on-year in May, but we’re unlikely to see this rapid pace continue in the remainder of 2022.
What are the cons of living in Cape Coral Florida?
Cons of Living in Cape Coral:
- Summers are Humid: Subtropical weather is great for the other season but not good in summer.
- Heavy Storms:
- Flooding Risk:
- Car Dependability:
- Less Interesting for Youth:
- Expensive Waterfront Area:
- Pest Control Requirement:
- Traffic Jam:
Why are people moving Cape Coral?
People are looking for education,” said Cunha. He believes the number one reason people choose to move to Cape Coral is the canal system. “This is the waterfront wonderland as they call it,” said Cunha. Cape Coral Mayor John Gunter agrees that the water plays a big role, but so does the pandemic.