Affordable
Expensive
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These days, finding an affordable place to live in the North Cape May area can be challenging. Home prices in North Cape May are now at a median cost of $412,341, lower than the New Jersey average of $496,577.
The average cost of rent is $2,053/mo in North Cape May, primarily driven by the current value of real estate in the North Cape May area. In North Cape May, 28.30% of households rent, and 42.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Cape May is $7,656 per month. Households that rent pay about 26.81% of their income on rent here. North Cape May’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cape May, NJ: higher priced homes
- Cold Spring, NJ: higher priced homes
- West Cape May, NJ: higher priced homes
- Villas, NJ: less expensive homes
- Cape May Point, NJ: higher priced homes
- Wildwood Gables, NJ: higher priced homes
- Rio Grande, NJ: less expensive homes
- Wildwood Crest, NJ: higher priced homes
- Wildwood, NJ: equally priced homes
- West Wildwood, NJ: equally priced homes
Cities with Similar Populations
- Redfield, SD: less expensive homes
- Little Hocking, OH: less expensive homes
- Lordsburg, NM: less expensive homes
- Allenton, MI: less expensive homes
- Maurertown, VA: less expensive homes
- Mont Vernon, NH: higher priced homes
- Nichols, SC: less expensive homes
- North Windham, CT: less expensive homes
- Poth, TX: less expensive homes
- Purdy, MO: less expensive homes
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