Housing in Cape May, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,325,000
Median List Price
$1,400,000
Price Per Sq Ft
$796
Days on Market
58
Active Inventory
21
Months of Supply
4.2
Balanced market
Zillow Home Value
$692,224
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
12.5%
Sale-to-List Ratio
94.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
7
Pending Sales
8
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$796
Median List $/SF
$1,070
Cape May vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Cape May is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$823,800
Median Rent
$1,013
Total Housing Units
3,898
Vacancy Rate
64.9%
Owner Occupied
63.0%
Renter Occupied
37.0%
Median Property Tax
$6,056
per year
Monthly Cost (w/ Mortgage)
$1,633
Housing Types
The current median sale price in Cape May, NJ is $1,325,000 according to Redfin data. Homes spend a median of 58 days on the market. 0.0% of homes sold above asking price. The market has 4.2 months of supply. The median price per square foot is $796. The median rent is $1,013 per month (Census ACS). About 63.0% of housing units are owner-occupied. The median year homes were built is 1971. There are 3,898 total housing units.