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Cape May, NJ
Full City Profile · New Jersey · Cape May County County
2.8
/5.0
C+
Fair
2,789
Population
1,129/sq mi density
$57,230
Median Income
$65,085 per capita
$823,800
Home Value
$701,549 Zillow
$1,013
Median Rent
26.1% income on rent
56°F
Avg Temperature
293 sunny days/yr
117
Violent Crime/100K
2,742 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$57,230 median income, 1.1% unemployment
F
Affordability
1.0 / 5.0
$823,800 home value, $1,013/mo rent
F
Safety
1.0 / 5.0
117 violent crimes/100K
A+
Education
5.0 / 5.0
50.0% bachelor's degree or higher
Housing Overview
Median Home Value
$823,800
192% above
US avg: $281,900
Median Rent
$1,013/mo
13% below
US avg: $1,163/mo
Homeownership Rate
63.0%
4% below US avg (65.4%)
Total Housing Units
3,877
Median year built: 1972
Home Value by Source
Census Median
$823,800
Zillow (ZHVI)
$701,549
Median Sale Price
$1,500,000
Median List Price
$704,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.0%
Owner-Occupied
37.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,320/mo
1 Bedroom
$1,366/mo
2 Bedroom
$1,792/mo
3 Bedroom
$2,396/mo
4 Bedroom
$2,405/mo
Census median rent:
$1,013/mo
Market Indicators (Redfin)
Median Days on Market
84 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
18.2%
of listings with price reduction
Price Per Sq Ft
$1,186
Active Inventory
22
homes for sale
Affordability & Housing Stock
Rent Burden
26.1%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
63.0%
Complete Housing Data
Home Values
| Census Median Value | $823,800 |
| Zillow Home Value (ZHVI) | $701,549 |
| Median Sale Price | $1,500,000 |
| Median List Price | $704,950 |
| Price Per Sq Ft | $1,186 |
Rent
| Census Median Rent | $1,013 |
| FMR Studio | $1,320 |
| FMR 1-Bedroom | $1,366 |
| FMR 2-Bedroom | $1,792 |
| FMR 3-Bedroom | $2,396 |
| FMR 4-Bedroom | $2,405 |
Market
| Days on Market | 84 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.2% |
| Homes Sold | 3 |
| Active Inventory | 22 |
| Price Per Sq Ft | $1,186 |
Ownership & Stock
| Owner-Occupied | 63.0% |
| Renter-Occupied | 37.0% |
| Homeownership Rate | 63.0% |
| Total Housing Units | 3,877 |
| Median Year Built | 1972 |
| Rent Burden | 26.1% |