Cape May, NJ Housing

Cape May, NJ is a desirable location for homeowners due to its high housing median value of $657,800. This is significantly higher than the US House Median Value of $338,100, and the 1 year house appreciation rate in Cape May is also much greater than the US rate of 8.27%, coming in at 16.42%. With such a strong housing market, it’s no wonder why so many people are eager to move into this seaside town in New Jersey.

The median home cost in Cape May is $657,800. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Cape May is up 20.3%.

Average Age of Homes

- The median age of Cape May real estate is 44 years old

The Rental Market in Cape May

- Renters make up 13.9% of the Cape May population
- 10.5% of houses and apartments in Cape May, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cape May, New Jersey	United States
	3,833.0	139,647,020.0
	49	42
	$657,800	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$14.76	$10.98
	$6,250	$2,690
	17.1%	57.4%
	69.0%	11.2%
	13.9%	31.4%
Vacant Housing
	10.5%	1.9%
	1.3%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	55.8%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.0%	13.0%
	0.9%	20.1%
	19.6%	13.6%
	16.0%	8.3%
	23.3%	9.7%
	17.0%	3.9%
	13.4%	2.2%
	0.0%	0.8%
	8.7%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	8.6%	13.6%
	15.7%	13.2%
	23.5%	14.8%
	8.6%	13.6%
	7.6%	10.0%
	3.1%	4.7%
	28.7%	12.2%

Reviews for Cape May

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monica · Cape May, NJ

Cape May NJ

Over 11 years ago

Cape May is a picturesque pleasant town with a increase in population in the summer months. As a tourist town a good deal of the people who live here make the bulk of More

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Virginia · Avalon, NJ

Beautiful on the beach and the mainland

Over 20 years ago

From the beaches of Cape May at the true south of New Jersey, to the vastness of the Wildwood beaches, to the shimmering water and clean sands of Avalon and Stone More

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