Cape May County, NJ real estate

What the numbers say

Cape May County, NJ real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Cape May County listed for $849,968, up 3.7% from a year earlier. That is 52% above the New Jersey median of $559,500.

Homes spent a median of 59 days on the market, faster than 60 days a year ago. That makes Cape May County the #20 fastest-selling of 21 New Jersey counties we track.

Homeowners in Cape May County pay a median of $5,306 a year in property taxes on a median home value of $434,600, an effective rate of about 1.22%. The New Jersey average is 2.11%, which makes Cape May County the #1 lowest-tax of 21 counties in the state with published tax data.

Renters pay a median of $1,360 a month, and $1,485 for a two-bedroom. At today's prices a typical home costs about 52 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $850,000 home here comes to about $5,853 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $251,000 a year (the median household here earns $91,128).