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Cape Girardeau County, MO

RANK #456 / 996 NAT  ·  #13 / 22 MO  ·  POP 81,703

1YR FORECAST: +2.0%

5YR OUTLOOK: +25%

Cape Girardeau County's housing market is projected to grow +2.0% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Saint Francis Healthcare System Healthcare
    2,500+
  2. 2
    Mercy Southeast Healthcare
  3. 3
    Procter & Gamble Manufacturing
    1,000+
  4. 4
    Southeast Missouri State University Education
  5. 5
    Cape Girardeau Public Schools Education
    500+
  6. 6
    Jackson R-II School District Education
    250+
  7. 7
    Community Counseling Center Healthcare
  8. 8
    Century Casino Cape Girardeau Hospitality
  9. 9
    Mondi (Jackson) Manufacturing
  10. 10
    City of Cape Girardeau Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
33.6%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.1
per 100K · nat avg 6.3
Firearm Fatalities
17.9
per 100K · nat avg 14.8
Injury Deaths
76.8
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Cape Girardeau County scores 54/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#456). Median household income is $65,070 and job growth is running at -0.3%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Cape Girardeau County affordable?

Housing in Cape Girardeau County is roughly in line with national affordability norms. The median home costs $194,200 and the income-to-home-value ratio sits at 0.34, with rents averaging $854/month. Not a bargain, but not a stretch for most local earners either.

Is Cape Girardeau County growing or shrinking?

Cape Girardeau County's population is growing — up +0.8% YoY — while the job market is roughly flat (employment change of -0.3%). Home values shifted +4.3% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Cape Girardeau County?

In significant numbers — 5.12% of Cape Girardeau County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Christian County, MO 42 Jackson County, MO 72 Taney County, MO 36 St. Louis County, MO 34 St. Louis city, MO 32 Greene County, MO 78 Rockingham County, VA 54 Cabell County, WV 54