Based on past, present, and future projections, Cape Coral’s greatest risk over the next 30 years is from flooding. 91,385 properties in Cape Coral are likely to be severely affected by flooding over the next 30 years. 91,334 properties in Cape Coral have some risk from wildfire over the next 30 years.
Is Cape Coral prone to flooding?
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. Cape Coral is a city of 200,000 on the southwest coast of Florida.
How high is Cape Coral from sea level?
7−20 ft
| Cape Coral, Florida | |
|---|---|
| Elevation | 7−20 ft (0.9 m) |
| Population (2020) | |
| • City | 194,016 |
| • Rank | US: 130th |
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 |
Do I need flood insurance in Cape Coral?
Flood insurance is required for many property owners; however, this insurance is available to all properties in Cape Coral, including property in the X-Zone. Due to the lower risk, these zones can be insured at a lower insurance premium than the higher risk areas.
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.
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 2,555, which decreased 1 percent since July 2022. The median list price per square foot in Cape Coral is $257. July 2022 was $258.
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.
What part of Florida is safe from flooding?
Kissimmee tops our list of safest cities in the Sunshine State with the lowest combined score relating to instances of hurricanes, hail, lightning, and floods. The city has more than 65,150 residents and stretches across more than 17 miles.
What celebrities live in Cape Coral Florida?
What in the world is being built there, and who owns it?
Other lovers of the land here:
- NBA star Larry Bird.
- Rocker Bob Seger.
- Alex Lifeson of Rush.
- Legendary NFL coach Mike Ditka.
- PGA star Rocco Mediate.
- LPGA’s Nancy Lopez.
- A half dozen MLB stars, including Greg Luzinski and Bullet Bob Turley.
What is Cape Coral known for?
Cape Coral is known for its 400 miles of canals, and some refer to it as a “Waterfront Wonderland,” because it has more miles of canals than anywhere else in the world. In fact, most of them are navigable and will take you to the Caloosahatchee River, Matlacha Pass and the Gulf of Mexico beyond.
What is the racial makeup of Cape Coral Florida?
Cape Coral Demographics
White: 85.49% Two or more races: 5.82% Black or African American: 4.25% Other race: 2.35%
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.
How much is home insurance in Cape Coral?
The average cost of homeowners insurance in Cape Coral, Florida, is $1,676 per year or $140 per month, but rates vary by company. In Cape Coral, Travelers offers the cheapest insurance at $836, and Citizens offers the most expensive insurance at $4,114.
Do I need windstorm insurance in Florida?
Windstorm insurance in Florida
Like homeowners insurance, wind insurance isn’t required by the state of Florida. However, it’s often required by mortgage lenders, particularly if you live in a coastal area.
How expensive is flood insurance in Florida?
The average cost of flood insurance in Florida is $570 per year. However, costs can vary by thousands of dollars from one property to another depending on many factors.
Is Fort Myers in a flood zone?
In addition to the wildfire risk described above, Fort Myers has moderate risk from flooding. To learn more details about its flood risk, damage estimates, and solutions visit Fort Myers’s Flood Factor® page. 5,588 properties in Fort Myers are likely to be severely affected by flooding over the next 30 years.
How much is hurricane insurance in Florida per month?
How much is hurricane insurance in Florida? The average cost of NFIP flood insurance in Florida is $628, while homeowners insurance costs $2,047 a year on average, according to NerdWallet’s rate analysis. Depending on where you live, you may also need to buy separate windstorm insurance.
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.
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 is Cape Coral so cheap?
In the past has been named the third most affordable city to live in Florida. However, the affordability comes with a cost. The low cost of living and relatively low home prices are partly due to the lack of high-paying jobs opportunities, and relatively weak local economy.