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Expensive
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These days, finding an affordable place to live in the Cape May County area can be challenging. Home prices in Cape May County are now at a median cost of $516,503, higher than the New Jersey average of $496,577.
The average cost of rent is $1,539/mo in Cape May County, primarily driven by the current value of real estate in the Cape May County area. In Cape May County, 19.68% of households rent, and 41.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cape May County is $7,984 per month. Households that rent pay about 19.28% of their income on rent here. Cape May County’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Kent County, DE: less expensive homes
- Queen Anne's County, MD: equally priced homes
- Anne Arundel County, MD: equally priced homes
- Prince George's County, MD: less expensive homes
- District of Columbia, DC: higher priced homes
- Montgomery County, MD: higher priced homes
- Loudoun County, VA: higher priced homes
- Clarke County, VA: equally priced homes
- Winchester City, VA: less expensive homes
- Frederick County, VA: less expensive homes
Counties with Similar Populations
- Steuben County, NY: less expensive homes
- Columbiana County, OH: less expensive homes
- Craven County, NC: less expensive homes
- Daviess County, KY: less expensive homes
- Wayne County, NY: less expensive homes
- Victoria County, TX: less expensive homes
- Twin Falls County, ID: less expensive homes
- Adams County, PA: less expensive homes
- Lapeer County, MI: less expensive homes
- Wicomico County, MD: less expensive homes
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