Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$813,005+9.6% YoY · prices are rising fast
Market right nowSeller's marketMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$176,243About 1.9× the local median income ($91,758): hard to afford
Days on market58 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.0%Zillow expects prices to rise slightly
The typical home in Cape May County, NJ is worth $813,005, up 9.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $720,276, so the area is 12.9% overvalued. It is a seller's market: homes take about 58 days to sell, listings are up 7% from a year ago, 13% of listings have had a price cut. Zillow expects prices to rise about 3.0% over the next year. A household needs about $176,243 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $91,758. Typical rent is $1,983 a month, or $2,434 for a house. In the latest IRS figures, 55 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$813,005
Change in 1 year
+9.6%
Overvalued %
+12.9%
Show 7 more
Fair home value
$720,276
Change in 5 years
+37.3%
Zillow forecast, next 12 months
+3.0%
Home value to income
8.9×
Monthly mortgage payment (20% down)
$4,406
Income needed to afford it
$176,243
Property tax rate
1.22%
Rent and investing
Typical rent
$1,983
Typical rent for houses
$2,434
Price-to-rent ratio
34.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,857
Gross rental yield
2.93%
Cap rate (estimate)
1.90%
Market activity
Listings vs a year ago
+6.9%
Days on market
58
Listings with a price cut
12.8%
Show 3 more
Homes for sale
960
Pending sales per 100 listings
42
Asking price per sq ft
$585
People and jobs
Median household income
$91,758
Population change (1 year)
−0.7%
Unemployment rate
5.3%
Show 4 more
Population
93,390
Income adjusted for cost of living
$92,779
Net moves in (IRS)
+55
Cost of living (US = 100)
98.9
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
91.0
Flood risk score
99.4
Show 3 more
Wildfire risk score
86.4
Walkability (1 to 20)
10.8
Road, rail and air noise
52 dB
Questions people ask
Is Cape May County, NJ overvalued?
Home prices in Cape May County, NJ are well above what local incomes have historically supported: fair value is about $720,276, so the area is 12.9% overvalued.
Is Cape May County, NJ a buyer's or seller's market?
Cape May County, NJ is a seller's market: homes take about 58 days to sell, listings are up 7% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Cape May County, NJ?
Home values in Cape May County, NJ are up 9.6% over the last year. Zillow's forecast for the next 12 months is +3.0%.
How much do you need to earn to buy a home in Cape May County, NJ?
A household needs about $176,243 a year to afford the typical home in Cape May County, NJ at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $91,758.