Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cape May area can be challenging. Home prices in Cape May are now at a median cost of $375,022, lower than the New Jersey average of $388,929.
The average cost of rent is $1,139/mo in Cape May, primarily driven by the current value of real estate in the Cape May area. While nearly 39.02% of residents own their homes outright in Cape May, 25.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cape May is $6,549 per month. Households that rent pay about 17.39% of their income on rent here. Cape May's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Cold Spring, NJ: equally priced homes
- North Cape May, NJ: less expensive homes
- West Cape May, NJ: higher priced homes
- Wildwood Gables, NJ: higher priced homes
- Villas, NJ: less expensive homes
- Cape May Point, NJ: higher priced homes
- Rio Grande, NJ: less expensive homes
- Wildwood Crest, NJ: higher priced homes
- Wildwood, NJ: less expensive homes
- West Wildwood, NJ: less expensive homes
Cities with Similar Populations
- Camdenton, MO: less expensive homes
- Tillamook, OR: less expensive homes
- Totowa, NJ: equally priced homes
- Tres Hermanos, PR: less expensive homes
- Chamblee, GA: equally priced homes
- Central, SC: less expensive homes
- Celebration, FL: higher priced homes
- Urbana, MD: higher priced homes
- Vineyard Haven, MA: higher priced homes
- Cardiff By The Sea, CA: higher priced homes
All Local Stats
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