The story of this market
The typical home in Cape May, New Jersey sells for about $1,175,000.
Homes take about 87 days to sell, which is slow.
Monthly price momentum
Home values since 2015
+5%
NJ · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Cape May, New Jersey
Cape May's real estate market remains anchored by its status as a premier coastal destination, with high median prices reflecting limited inventory and strong demand for vacation properties. The market is currently stable, though heavily influenced by seasonal tourism cycles and the high costs associated with coastal property ownership. Data gaps exist for specific municipal-level metrics like property tax rates and school performance, which should be verified through local tax assessor records.
No ARED county foreclosure postings attributed to Cape May yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Awaiting this reading — not graded.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
- Cape May County Park & Zoo4.812.9 mi
- Morey's Piers & Beachfront Water Parks4.56.6 mi
- Funland4.617.4 mi
- Jungle Jim's4.518.4 mi
- Duffer's Restaurant & Old Fashioned Ice Cream Parlor4.55.7 mi
- Cape Henlopen State Park4.814.6 mi
- Wildwoods Convention Center4.56.1 mi
- Willow Creek Winery & Farm4.42.2 mi
- Lucky Bones Backwater Grille4.51.3 mi
- Schellville Village4.618.2 mi
- Cape May County Park & Zoo4.812.9 mi
- Cape Henlopen State Park4.814.6 mi
- Wildwood Boardwalk4.66.6 mi
- Cape May Lighthouse4.72.7 mi
- Morey's Piers & Beachfront Water Parks4.56.6 mi
- Cape May Lighthouse4.72.7 mi
- Sunset Beach Gifts4.83.3 mi
- Naval Air Station Wildwood Aviation Museum4.85.1 mi
- Wildwoods Beach Ball Sign4.75.9 mi
- Emlen Physick Estate4.50.6 mi
- Cape May County Park & Zoo4.812.9 mi
- Cape Henlopen State Park4.814.6 mi
- Savannah Beach4.715.7 mi
- Wildwood Dog Park & Beach4.66.8 mi
- Cape May Point State Park4.82.7 mi
- Two Mile Crab House & Crush Bar4.33.1 mi
- South Jersey Marina4.71.2 mi
- Lewes Yacht Club4.616.6 mi
- Indian River Marina4.723.7 mi
- Yacht Club of Sea Isle City4.619 mi
- Union League National Golf Club4.815.8 mi
- Avalon Golf Club4.314.4 mi
- Stone Harbor Golf Club4.613.2 mi
- Cape May Par 3 Golf & Driving Range4.66.2 mi
- The Shore Club4.79.3 mi
- Breakwater Plaza4.34.4 mi
- Washington Street Mall4.70.7 mi
- The Lobster House4.31.3 mi
- ACME Markets4.15.7 mi
- Beach Plum Farm4.52.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A world-renowned destination that serves as the primary economic driver for the city, attracting thousands of visitors annually and supporting local hospitality businesses.
Features a historic lighthouse and extensive nature trails, serving as a critical ecological preserve and a major tourist attraction for the region.
Cape May is primarily suited for affluent vacation-home buyers, retirees, and investors looking for high-end coastal properties, as the high cost of living and seasonal economy present challenges for year-round working families.
The city is accessible primarily by car via the Garden State Parkway, with limited public transit options beyond seasonal shuttle services.
Cape May is a premier seaside destination known for its Victorian architecture, expansive public beaches, and the Cape May Point State Park, which offers extensive bird-watching and nature trails.
The rental market is dominated by seasonal short-term vacation rentals, which exert significant pressure on year-round housing availability and drive high rental premiums during the summer months.
The economy is almost entirely dependent on the tourism and hospitality sectors, with major activity concentrated in the summer months.
The city's economy is heavily anchored by seasonal tourism and hospitality, with limited large-scale industrial development due to its geographic constraints and historic preservation focus.
Development is strictly regulated by historic preservation ordinances, limiting large-scale new construction projects within the city limits.
Parcels are subject to municipal, county, and school district taxes, with additional potential assessments for coastal flood management and utility services.
Cape May is a coastal city highly susceptible to flood risks, storm surges, and wind damage, which significantly influences local property insurance premiums and building requirements.
Property insurance costs are high due to the city's location in a high-risk coastal flood zone, requiring specialized coverage for most residential properties.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Jersey) — Farmland Assessment: Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden. State (New Jersey) — Ad Valorem Property Tax: Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
Data retrieved from Census Bureau and Point2Homes profiles.