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Cape Girardeau County, MO

RANK #155 / 996  ·  POP 81,703  ·  MO

PROJECTED GROWTH: +2.4%

Cape Girardeau County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Cape Girardeau County?

Cape Girardeau County, Missouri, is often recognized for its position along the Mississippi River and as home to Southeast Missouri State University. The city of Cape Girardeau, the county's largest, is approximately 100 miles southeast of St. Louis, offering a regional hub feel without a lengthy commute to a major metropolis. The county seat, Jackson, provides a smaller community atmosphere. Outdoor recreation is accessible, with parks like Cape County Park and Trail of Tears State Park offering trails, fishing, and views of the Mississippi River.

Life in Cape Girardeau County blends small-town living with regional amenities. The area attracts families and professionals, with public schools in the Cape Girardeau School District generally rated above average. The economy is driven by sectors such as healthcare, education, and manufacturing. Recent economic developments indicate investment in manufacturing and technology, with local initiatives supporting business expansion and startups.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
-0.2%

Contracting economy

Home Prices
+4.3%

Outpacing national median

Climate & Terrain
0.9

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Cape Girardeau County U.S. National

The Numbers

DEMOGRAPHICS
Population
81,703
+0.76% YoY
Median Household Income
$65,070
Median Home Value
$194,200
+4.3% 12mo
Median Rent
$854
Average Annual Pay
$51,752
+0.6% YoY
Employment
41,463
-0.3% YoY
Income-to-Home-Value
0.3351
More affordable than average
Migration Inflow
5.12%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$282,000
Days on Market
57
Moderate pace
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
16.7%
Listings w/ Price Drops
20.8%
Building Permits (2024)
80
Single-Family Permits
76

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$647M
TOTAL
PROJECT AMOUNT STATUS
Delta Bobcat Solar Project (also referred to as Cape Girardeau Solar PV Park and Lutesville Solar Project)
NextEra Energy Resources
$297M Planned
LUTESVILLE Battery Project
N/A
$250M Planned
SEMO Industrial Park Infrastructure
SEMO REDI
$50M Under Construction
Strip Mall and Restaurants (behind Melaina's Playground)
Mid America Hotels
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -0.2% 7 percentile
Population Growth +0.8% 63 percentile
Income Growth +9.8% 78 percentile
Vacancy Rate 1.9% 10 percentile
Home Price Change +4.3% 85 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 15x 31 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Cape Girardeau County, MO a good place to move to?

Cape Girardeau County has a Boom Town Index score of 84/100, ranking #155 among 996 U.S. counties. With job growth at -0.3% and a median household income of $65,070, it's an above-average county on economic indicators.

Is Cape Girardeau County affordable?

The median home value in Cape Girardeau County is $194,200 with median rent at $854/month. The income-to-home-value ratio is 0.3351, which is more affordable than the national average.

Is Cape Girardeau County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: -0.3%. Home values changed +4.3% in the past 12 months.

Are people moving to Cape Girardeau County?

Yes — 5.12% of Cape Girardeau County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Broome County, NY 94 Tuscola County, MI 94 Capitol Planning Region, CT 94 Lee County, MS 94 Scioto County, OH 94 LaSalle County, IL 94 Grundy County, IL 94 Elmore County, AL 94