The story of this market
The typical home in ZIP 08247 sells for about $375,000, or $235 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,400 a month.
This ZIP has no home sales of its own, so its market figures come from Atlantic County, New Jersey (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 08247 — Stone Harbor
The Stone Harbor market remains a high-value, low-inventory enclave driven by luxury demand and limited land availability. Prices continue to appreciate steadily, supported by the borough's status as a premier coastal destination, though high insurance and tax costs remain a factor for buyers.
This ZIP is primarily for affluent second-home buyers and retirees seeking a luxury coastal lifestyle, as the high price point and seasonal nature of the market make it less suitable for typical commuters or first-time buyers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 22 days on market with 3.6 months of supply — a fast-moving market.
29% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 5.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 08247, Cape May County NJ
Stone Harbor maintains a very low crime rate, significantly lower than both the state and national averages, with property crime being the primary concern in this seasonal resort community.
The borough is served by the Stone Harbor Elementary School and Middle Township High School, which generally maintain strong performance ratings within the regional context.
The area faces significant coastal flood and storm surge risks due to its barrier island geography, necessitating mandatory flood insurance and strict adherence to FEMA building standards.
Economic momentum is driven by high-end seasonal tourism and luxury real estate development, with limited space for large-scale industrial or commercial expansion.
Property taxes are assessed by the borough and county, with rates influenced by high property valuations and the costs of maintaining municipal services for a seasonal population.
Commuting is primarily local or regional toward Atlantic City, with limited public transit options necessitating personal vehicle use for most residents.
The area features extensive public beaches, the Stone Harbor Bird Sanctuary, and numerous waterfront parks, alongside a high-end shopping and dining district along 96th Street.
The rental market is heavily skewed toward high-priced seasonal vacation rentals, with very limited year-round inventory and high vacancy pressure during the off-season.
The economy is almost entirely dependent on seasonal tourism, hospitality, and the luxury real estate sector.
Transportation is dominated by private vehicles; public transit is minimal, consisting primarily of seasonal bus services connecting to nearby shore points.
Development is strictly regulated by coastal zoning laws, focusing on maintaining the borough's character while upgrading infrastructure for flood resilience.
The Cape May County Board of Taxation oversees assessments, which are adjusted annually to reflect the high-value, volatile coastal market.
Parcels are subject to municipal, county, and school district taxes, with additional special assessments for beach replenishment and flood mitigation projects.
Property insurance premiums are high and rising due to significant exposure to hurricane, wind, and flood risks in a barrier island environment.
Data retrieved from Census Reporter and World Population Review profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Pristine public beach access spanning the length of the borough.
A protected habitat for migratory birds and local wildlife.
The primary commercial hub featuring upscale boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($4,195,000) sat outside the 0.25–4× band around Atlantic County's retained level and was not stored.