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These days, finding an affordable place to live in the West Cape May area can be challenging. Home prices in West Cape May are now at a median cost of $734,437, higher than the New Jersey average of $496,577.
The average cost of rent is $1,250/mo in West Cape May, primarily driven by the current value of real estate in the West Cape May area. In West Cape May, 12.94% of households rent, and 45.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in West Cape May is $7,643 per month. Households that rent pay about 16.35% of their income on rent here. West Cape May’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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 Point, NJ: higher priced homes
- Cold Spring, NJ: less expensive homes
- Cape May, NJ: less expensive homes
- North 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
- Sand Rock, AL: less expensive homes
- Kingston, ID: less expensive homes
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- McGill, NV: less expensive homes
- Pacific Junction, IA: less expensive homes
- Ralston, WY: less expensive homes
- Rochert, MN: less expensive homes
- Sageville, IA: less expensive homes
- Kent, NY: less expensive homes
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