Cape May, NJ housing market
The typical Cape May home is worth about $745,000, up 8.1% in a year, 28% above the New Jersey typical home.
Home values, sales, trends and how Cape May compares with the towns next door — updated as new data is published.
Cape May at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Cape May | New Jersey |
|---|---|---|
| 2017 | $350,000 | $317,000 |
| 2018 | $363,000 | $330,000 |
| 2019 | $381,000 | $343,000 |
| 2020 | $402,000 | $358,000 |
| 2021 | $465,000 | $394,000 |
| 2022 | $572,000 | $441,000 |
| 2023 | $612,000 | $471,000 |
| 2024 | $653,000 | $511,000 |
| 2025 | $692,000 | $551,000 |
| 2026 | $709,000 | $568,000 |
| August 2026 | $745,000 | $580,000 |
Cape May and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Cape May | $745K | +8.1% | — | $62,576 |
| West Cape May | — | — | 81 | $91,250 |
11.9 years of income
The typical Cape May home costs about 11.9 years of the town's median household income, more than across New Jersey (5.6 years).
How Cape May ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.