Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cape May Point area can be challenging. Home prices in Cape May Point are now at a median cost of $720,700, higher than the New Jersey average of $388,929.
The average cost of rent is $1,125/mo in Cape May Point, primarily driven by the current value of real estate in the Cape May Point area. While nearly 53.90% of residents own their homes outright in Cape May Point, 3.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cape May Point is $8,269 per month. Households that rent pay about 13.60% of their income on rent here. Cape May Point's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- West Cape May, NJ: less expensive homes
- North Cape May, NJ: less expensive homes
- Cold Spring, NJ: less expensive homes
- Cape May, NJ: less expensive homes
- Wildwood Gables, NJ: less expensive homes
- Villas, NJ: less expensive homes
- Wildwood Crest, NJ: less expensive homes
- Rio Grande, NJ: less expensive homes
- Wildwood, NJ: less expensive homes
- West Wildwood, NJ: less expensive homes
Cities with Similar Populations
- Nordman, ID: less expensive homes
- Mc Intyre, PA: less expensive homes
- McClures Bend, TN: less expensive homes
- McCoysburg, IN: less expensive homes
- McGrath, AK: less expensive homes
- McLeod, LA: less expensive homes
- New Prospect, WI: less expensive homes
- Newby, OK: less expensive homes
- Nobob, KY: less expensive homes
- Maynard, TX: less expensive homes
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