Cape May County, NJ Average Home Price (2026)
The average home price in Cape May County, New Jersey is about $704,500 (the 2026 median across 14 ZIP codes, at ~$641/sq ft) — 23% more expensive than the New Jersey median and 144% more expensive than the typical U.S. home.
How Cape May County compares
Cape May County is relatively expensive for housing nationally: its typical home costs $704,500 against $573,000 for New Jersey and $289,000 for the U.S. Within the county, ZIP-level values run from about $333,000 to $2,834,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Cape May County | $704,500 | $641 |
| New Jersey | $573,000 | $327 |
| United States | $289,000 | $193 |
Cape May County home prices by ZIP code
The 14 most valuable ZIP codes in Cape May County (of 14 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 08202 Avalon | $2,834,000 | $1509 | +302% |
| 08247 Stone Harbor | $2,591,000 | $1767 | +268% |
| 08248 Strathmere | $1,690,000 | $937 | +140% |
| 08212 Cape May Point | $1,644,000 | $1055 | +133% |
| 08243 Sea Isle City | $1,538,000 | $1117 | +118% |
| 08226 Ocean City | $1,134,000 | $742 | +61% |
| 08204 Cape May | $744,000 | $649 | +6% |
| 08260 Wildwood | $665,000 | $633 | -6% |
| 08223 Marmora | $509,000 | $273 | -28% |
| 08230 Ocean View | $487,000 | $301 | -31% |
| 08210 Cape May Court House | $464,000 | $422 | -34% |
| 08242 Rio Grande | $437,000 | $197 | -38% |
| 08251 Villas | $414,000 | $437 | -41% |
| 08270 Woodbine | $333,000 | $198 | -53% |
Home value appreciation in Cape May County
Home prices in Cape May County have risen about 118% over the last 10 years (≈8.1% a year) and +89.7% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +3.9% — still rising. A home worth $704,500 today was worth roughly $323,017 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, New Jersey is +87.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Cape May County
Run the numbers for Cape May County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Cape May County
To buy the typical $704,500 home in Cape May County with 20% down, you need a household income of roughly $192,000 a year (about $4,470 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $228,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $35,200 | $5,560/mo | $238,000/yr |
| 10% (+PMI) | $70,500 | $5,310/mo | $228,000/yr |
| 20% | $140,900 | $4,470/mo | $192,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Cape May County
At about $641 per square foot, here is roughly how much home different budgets get you in Cape May County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $400k | 620 sq ft | below the local median — condos, smaller or older homes |
| $500k | 780 sq ft | below the local median — condos, smaller or older homes |
| $600k | 940 sq ft | around the typical home here |
| $750k | 1170 sq ft | around the typical home here |
| $1.00M | 1560 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to New Jersey.
Estimate a specific home in Cape May County
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Cape May County home prices: frequently asked
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Browse all New Jersey cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.