Cape May Housing Information - Census

IndexCape MayNew JerseyNational
Median home price$562,500$319,900$175,700
Median rent asked$860$1,188$920
Avg. people per household2.02.72.6
Owner occupied households61.7%65.0%64.4%
Renter occupied households38.3%35.0%35.6%

Cape May Housing Information - Zillow

IndexCape MayNew JerseyNational
Zillow home value index$524,400$292,900$188,100
Year over year appreciation rate-1.09%2.52%5.14%
5 year average appreciation rate0.08%1.23%4.12%
10 year average appreciation rate-0.99%-2.24%-0.33%

Did you know?

  • The median home price in Cape May is 220% higher than the national average.
  • The median rent asked in Cape May is 7% lower than the national average.
  • The average number of people per household in Cape May is 25% lower than the national average.
  • The number of owner occupied households in Cape May is 4% lower than the national average.
  • The number of renter occupied households in Cape May is 7% higher than the national average.

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Compare Cape May, NJ Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Whitesboro, NJ2,070$147,50016%
Villas, NJ9,199$196,20012%
Burleigh, NJ619$226,90029%
Rio Grande, NJ2,353$232,20032%
Wildwood, NJ5,255$234,60034%
Cape May, NJ3,576$562,500220%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Pen Argyl, PA3,576$128,00027%
Houston, MS3,577$82,60053%
Marlboro Meadows, MD3,577$249,60042%
North Baltimore, OH3,577$78,80055%
South Glens Falls, NY3,575$152,70013%
Cape May, NJ3,576$562,500220%
Source: The Cape May, NJ housing data displayed above is derived from the United States Census Bureau and Zillow data.