Cape Coral has a high number of home buyers

June 5, 2019 1:26 pm

Cape Coral has a high number of home buyers, the latest data shows.

With 10.6% of buyers over homeowners, the Cape Coral-Fort Myers metro has the third highest ratio in the United States. That is according to the National Association of Realtors.

The typical homebuyer in the metro was 59 years old and earned $65,5013 in 2017. Just over one in 10 of purchasers was Hispanic and one in 20 African American.

Just over half (57.3) financed their purchase and two-thirds (67.8%) moved from within Florida.

One-third of homes bought were built between 2000 and 2009. The vast majority of purchases (77.5%) was for single-family homes.

NAR created the profile of homebuyers for each metropolitan area. Nationally, the typical homebuyer was 46 years old and earned nearly $92,000 in 2017.

Focusing on those who moved into their home within the last year, NAR identified characteristics of the homebuyers and their homes. It examined homebuyers in 382 metropolitan areas.

Comparing the number of buyers with the number of all homeowners, NAR listed the top 10 large metropolitan areas with the highest concentration of buyers.

The survey used information from the Public Use Microdata Sample (PUMS) files. They originate from the American Community Survey and include population and housing unit records with individual response information.