Cape May, NJ Housing
As of 2010-2014, median price of a house in Cape May is $562,500, which is much higher than the state average of $319,900 and is much higher than the national average of $175,700. The Cape May median house value has grown by 164.21% since 2000. The growth rate for the price of a house in Cape May is much higher than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. The median year that a house in Cape May was built is 1971, which is newer than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 958 Owner Occupied Houses in Cape May, NJ, #78| Cape May, NJ | 562,500 USD |
| New Jersey | 319,900 USD |
| U.S. | 175,700 USD |
| Cape May, NJ | 164.21% |
| New Jersey | 87.30% |
| U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
| Cape May, NJ | New Jersey | U.S. | |
| Total Housing Units | 4,288, see rank, 100% | 3,572,138 | 132,741,033 |
| Occupied Housing Units | 1,552, 36.19%, see rank | 89.26% | 87.55% |
| Owner Occupied | 958, 22.34%, see rank | 58.06% | 56.34% |
| Renter Occupied | 594, 13.85%, see rank | 31.20% | 31.21% |
| Vacant Housing Units | 2,736, 63.81%, see rank | 10.74% | 12.45% |
| For Rent | 176, 4.10%, see rank | 2.18% | 2.34% |
| For Sale Only | 45, 1.05%, see rank | 1.02% | 1.20% |
| Rented or Sold, Not Occupied | 27, 0.63%, see rank | 0.70% | 0.92% |
| For Seasonal, Recreational, or Occasional Use | 2,314, 53.96%, see rank | 3.72% | 3.97% |
| For Migrant Workers | 0, 0.00%, see rank | 0.01% | 0.03% |
| Other Vacant | 174, 4.06%, see rank | 3.11% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #143| Cape May, NJ | New Jersey | U.S. |
| 1971 | 1966 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
| Cape May, NJ | % | New Jersey | U.S. | |
| Owner-Occupied Units | 958 | 100% | 2,073,915 | 74,787,460 |
| With a Mortgage | 408 | 42.59%, see rank | 69.83% | 65.58% |
| Without a Mortgage | 550 | 57.41%, see rank | 30.17% | 34.42% |
*Based on 2010-2014 data. View historical mortgage status data.
Monthly Owner Costs for Housing Units with a Mortgage
Median Owner Costs, see rank
| Cape May, NJ | 2,214 USD |
| New Jersey | 2,428 USD |
| U.S. | 1,522 USD |
Owner Costs Distribution
| Monthly Owner Costs | Cape May, NJ | % | New Jersey | U.S. |
| $299 or Less | 0 | 0.00%, see rank | 0.04% | 0.20% |
| $300 to $499 | 0 | 0.00%, see rank | 0.35% | 1.59% |
| $500 to $699 | 9 | 2.21%, see rank | 0.83% | 5.01% |
| $700 to $999 | 25 | 6.13%, see rank | 2.80% | 14.32% |
| $1,000 to $1,499 | 40 | 9.80%, see rank | 11.13% | 27.90% |
| $1,500 to $1,999 | 73 | 17.89%, see rank | 17.94% | 20.35% |
| $2,000 to $2,999 | 168 | 41.18%, see rank | 36.29% | 19.52% |
| $3,000 or More | 93 | 22.79%, see rank | 30.63% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
| Cape May, NJ | 31.00% of the Total Income |
| New Jersey | 27.50% of the Total Income |
| U.S. | 23.70% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
| Cape May, NJ | % | New Jersey | U.S. | |
| 10% or Less | 8 | 1.96%, see rank | 3.98% | 5.86% |
| 10% to 20% | 92 | 22.55%, see rank | 23.73% | 31.95% |
| 20% to 30% | 88 | 21.57%, see rank | 28.42% | 27.64% |
| 30% to 40% | 105 | 25.74%, see rank | 16.62% | 13.74% |
| 40% or More | 115 | 28.19%, see rank | 26.85% | 20.29% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.
Monthly Owner Costs for Housing Units without a Mortgage
Median Owner Costs, see rank
| Cape May, NJ | 828 USD |
| New Jersey | 972 USD |
| U.S. | 457 USD |
Owner Costs Distribution
| Monthly Owner Costs | Cape May, NJ | % | New Jersey | U.S. |
| $199 or Less | 0 | 0.00%, see rank | 1.19% | 7.76% |
| $200 to $299 | 0 | 0.00%, see rank | 1.66% | 14.70% |
| $300 to $499 | 36 | 6.55%, see rank | 6.42% | 34.63% |
| $500 to $699 | 164 | 29.82%, see rank | 13.17% | 21.16% |
| $700 or More | 350 | 63.64%, see rank | 77.56% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
| Cape May, NJ | 14.90% of the Total Income |
| New Jersey | 18.40% of the Total Income |
| U.S. | 12.30% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
| Cape May, NJ | % | New Jersey | U.S. | |
| 10% or Less | 120 | 21.82%, see rank | 21.71% | 40.19% |
| 10% to 20% | 199 | 36.18%, see rank | 32.37% | 31.47% |
| 20% to 30% | 79 | 14.36%, see rank | 16.94% | 12.24% |
| 30% to 40% | 31 | 5.64%, see rank | 9.46% | 5.64% |
| 40% or More | 104 | 18.91%, see rank | 18.56% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
| Cape May, NJ | New Jersey | U.S. | |
| Total Housing Units | 4,288, 100% | 3,572,138 | 132,741,033 |
| 1-unit, Detached | 1,750, 40.81%, see rank | 53.67% | 61.65% |
| 1-unit, Attached | 853, 19.89%, see rank | 9.26% | 5.82% |
| 2 Units | 194, 4.52%, see rank | 9.53% | 3.75% |
| 3 or 4 Units | 536, 12.50%, see rank | 6.43% | 4.43% |
| 5 to 9 Units | 231, 5.39%, see rank | 4.80% | 4.78% |
| 10 or More Units | 724, 16.88%, see rank | 15.34% | 13.08% |
| Mobile Home, Boat, RV, Van, etc. | 0, 0.00%, see rank | 0.98% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
| Cape May, NJ | New Jersey | U.S. | |
| Total Housing Units | 4,288, 100% | 3,572,138 | 132,741,033 |
| 1 Room | 183, 4.27%, see rank | 2.71% | 1.95% |
| 2 Rooms | 90, 2.10%, see rank | 2.15% | 2.48% |
| 3 Rooms | 319, 7.44%, see rank | 10.30% | 9.13% |
| 4 Rooms | 912, 21.27%, see rank | 15.19% | 16.60% |
| 5 Rooms | 785, 18.31%, see rank | 16.72% | 20.41% |
| 6 Rooms | 563, 13.13%, see rank | 16.15% | 18.06% |
| 7 Rooms | 396, 9.24%, see rank | 12.48% | 12.27% |
| 8 Rooms | 486, 11.33%, see rank | 10.49% | 8.48% |
| 9 Rooms or More | 554, 12.92%, see rank | 13.81% | 10.60% |
| Median Rooms | 5.30, see rank | 5.70 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
| Cape May, NJ | New Jersey | U.S. | |
| Total Housing Units | 4,288, 100% | 3,572,138 | 132,741,033 |
| No Bedroom | 203, 4.73%, see rank | 2.88% | 2.17% |
| 1 Bedroom | 505, 11.78%, see rank | 14.18% | 11.16% |
| 2 Bedrooms | 1,111, 25.91%, see rank | 25.93% | 26.69% |
| 3 Bedrooms | 1,269, 29.59%, see rank | 32.62% | 39.70% |
| 4 Bedrooms | 516, 12.03%, see rank | 18.83% | 16.05% |
| 5 or More Bedrooms | 684, 15.95%, see rank | 5.56% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
| Cape May, NJ | New Jersey | U.S. | |
| Total Housing Units | 1,552, 100% | 3,188,498 | 116,211,092 |
| Utility Gas | 1,011, 65.14%, see rank | 74.16% | 48.85% |
| Bottled, Tank, or LP Gas | 37, 2.38%, see rank | 1.94% | 4.86% |
| Electricity | 437, 28.16%, see rank | 11.66% | 36.68% |
| Fuel Oil, Kerosene, etc. | 56, 3.61%, see rank | 11.10% | 5.86% |
| Coal or Coke | 0, 0.00%, see rank | 0.03% | 0.12% |
| Wood | 11, 0.71%, see rank | 0.44% | 2.12% |
| Solar Energy | 0, 0.00%, see rank | 0.03% | 0.05% |
| Other Fuel | 0, 0.00%, see rank | 0.32% | 0.47% |
| No Fuel Used | 0, 0.00%, see rank | 0.32% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
| Monthly Rental | Cape May, NJ | New Jersey | U.S. |
| Occupied Units Paying Rent | 529, 100% | 1,077,463 | 39,201,928 |
| $199 or Less | 0, 0.00%, see rank | 1.46% | 1.50% |
| $200 to $299 | 49, 9.26%, see rank | 3.04% | 3.18% |
| $300 to $499 | 25, 4.73%, see rank | 3.86% | 7.37% |
| $500 to $699 | 27, 5.10%, see rank | 4.64% | 16.01% |
| $700 to $999 | 270, 51.04%, see rank | 19.19% | 29.17% |
| $1,000 to $1,499 | 87, 16.45%, see rank | 40.89% | 26.88% |
| $1,500 to $1,999 | 71, 13.42%, see rank | 17.11% | 9.79% |
| $2,000 or More | 0, 0.00%, see rank | 9.81% | 6.10% |
| Median | $860, see rank | $1,188 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
| Cape May, NJ | New Jersey | U.S. | |
| Occupied Housing Units | 1,552, 100% | 3,188,498 | 116,211,092 |
| No Vehicles Available | 205, 13.21%, see rank | 11.70% | 9.12% |
| 1 Vehicles Available | 712, 45.88%, see rank | 34.71% | 33.80% |
| 2 Vehicles Available | 521, 33.57%, see rank | 36.16% | 37.48% |
| 3 or More Vehicles Available | 114, 7.35%, see rank | 17.43% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.