Cape May County, NJ Housing

The housing market in Cape May, NJ County is thriving. The median value of homes in the county is $613,600 which is 81% higher than the national median value of $338,100. Over the last year, house appreciation has been even more substantial in Cape May County with an increase of 10.41%. This figure is 2.14 percentage points higher than the US average of 8.27%. Clearly, there are many advantages to living and investing in Cape May County due to its favorable housing market.

The median home cost in Cape May County is $613,600. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Cape May County is up 20.3%.

Average Age of Homes

- The median age of Cape May County real estate is 40 years old

The Rental Market in Cape May County

- Renters make up 10.3% of the Cape May County population
- 4.6% of houses and apartments in Cape May County, 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
	99,567.0	139,647,020.0
	42	42
	$613,600	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$14.76	$10.98
	$4,702	$2,690
	33.0%	57.4%
	57.8%	11.2%
	9.2%	31.4%
Vacant Housing
	4.6%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	50.7%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	1.1%	2.4%
	0.6%	2.8%
	0.8%	3.9%
	0.8%	4.5%
	5.1%	11.3%
	10.8%	13.0%
	25.3%	20.1%
	19.5%	13.6%
	10.7%	8.3%
	11.5%	9.7%
	5.6%	3.9%
	2.5%	2.2%
	1.5%	0.8%
	2.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	9.4%	13.6%
	17.3%	13.2%
	13.6%	14.8%
	9.4%	13.6%
	10.0%	10.0%
	4.7%	4.7%
	14.0%	12.2%

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