Home prices
The price of the median home in Pelican Bay is $983,600. Compared to nearby areas this is approximately $494,840 (101%) higher.It is roughly $766,100 (352%) higher compared to the US as a whole, and in comparison to the city of Cape Coral is about $754,200 (328%) higher.
Rents
In Pelican Bay the median monthly rent is $1,479. Compared to the surrounding areas it is roughly $91 (5%) lower.It is about $417 (39%) higher compared to the rest of the nation, and in comparison to the city of Cape Coral it is about $235 (18%) higher.
Nearby places
Naples
Naples is Pelican Bay's neighbor to the south. Its real estate prices are fairly similar. The median home in Naples costs $988,500, which is very similar to Pelican Bay. Rents there are somewhat less expensive. Naples's median rent is $1,357 per month, which is $122 (8%) lower than Pelican Bay.
Naples Park
Naples Park is approximately 2 miles north from Pelican Bay. Its housing prices are substantially less expensive. The median home price in Naples Park is $362,600, which works out to $621,000 (171%) lower than Pelican Bay. Rent there is fairly similar. In Naples Park the median monthly rent is $1,428, which comes out to $51 (3%) lower than Pelican Bay.
Vineyards
Vineyards is approximately 4 miles east from Pelican Bay. The real estate prices there are a lot less expensive. The median home cost in Vineyards is $449,500, which works out to $534,100 (118%) lower than Pelican Bay. Rent there is a bit more expensive. The median monthly rent in Vineyards is $1,729, which is $250 (14%) higher than Pelican Bay.
Island Walk
Island Walk is roughly 5 miles east of Pelican Bay. Housing prices there are significantly less expensive. The median home in Island Walk is valued at $409,400, which works out to $574,200 (140%) lower than Pelican Bay. Rent there is somewhat more expensive. Island Walk's median monthly rent is $2,125, which works out to $646 (30%) higher than Pelican Bay.
Golden Gate
Golden Gate is about 7 miles southeast of Pelican Bay. Real estate prices there are significantly less expensive. Golden Gate's median home cost is $233,800, which works out to $749,800 (320%) lower than Pelican Bay. The rent there is a bit less expensive. In Golden Gate the median rent is $1,213 per month, which is $266 (21%) lower than Pelican Bay.
