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Erma, NJ
Full City Profile · New Jersey · Cape May County County
3.3
/5.0
B
Good
2,039
Population
698/sq mi density
$93,674
Median Income
$37,111 per capita
$378,000
Home Value
$419,706 Zillow
$1,576
Median Rent
40.1% income on rent
56°F
Avg Temperature
293 sunny days/yr
85
Violent Crime/100K
4,399 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$93,674 median income, 9.2% unemployment
A
Affordability
4.4 / 5.0
$378,000 home value, $1,576/mo rent
F
Safety
1.0 / 5.0
85 violent crimes/100K
B+
Education
3.9 / 5.0
35.8% bachelor's degree or higher
Housing Overview
Median Home Value
$378,000
34% above
US avg: $281,900
Median Rent
$1,576/mo
36% above
US avg: $1,163/mo
Homeownership Rate
73.0%
12% above US avg (65.4%)
Total Housing Units
806
Median year built: 1978
Home Value by Source
Census Median
$378,000
Zillow (ZHVI)
$419,706
Median Sale Price
$317,500
Median List Price
$409,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.0%
Owner-Occupied
27.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,576/mo
Market Indicators (Redfin)
Median Days on Market
86 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
12.5%
of listings with price reduction
Price Per Sq Ft
$327
Active Inventory
8
homes for sale
Affordability & Housing Stock
Rent Burden
40.1%
of renters spending 30%+ of income on housing
29% above US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
73.0%
Complete Housing Data
Home Values
| Census Median Value | $378,000 |
| Zillow Home Value (ZHVI) | $419,706 |
| Median Sale Price | $317,500 |
| Median List Price | $409,500 |
| Price Per Sq Ft | $327 |
Rent
| Census Median Rent | $1,576 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 86 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 12.5% |
| Homes Sold | 2 |
| Active Inventory | 8 |
| Price Per Sq Ft | $327 |
Ownership & Stock
| Owner-Occupied | 73.0% |
| Renter-Occupied | 27.0% |
| Homeownership Rate | 73.0% |
| Total Housing Units | 806 |
| Median Year Built | 1978 |
| Rent Burden | 40.1% |