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Cape May County

Learn about the people, housing, costs and businesses in Cape May County County

Median Home$515,315
Median Rent$1,554/month
Population94,941
Leading IndustriesEducation · Professional Services · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆⬆+33.1% over 2 years
Retirees30% of residentstop 4% nationally
Homeowners80% of occupied units
NotableAmenity Score86/100 · highly walkable area
NotableTransit84/100 · excellent transit access
Cape May County
NJ

Frequently Asked Questions

What are today's mortgage rates in Cape May County?

As of today, the 30-year fixed mortgage rate for Cape May County is approximately 6.924% (6.947% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Cape May County
What is the median home price in Cape May County?

The median home value in Cape May County is $515k. The median monthly rent is $1,554. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cape May County?

Home values in Cape May County have increased 33.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cape May County?

Based on a typical all-in ownership cost of $1,587/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cape May County is $92k/year.

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What industries drive the economy in Cape May County?

The largest employment sectors in Cape May County are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas