The median home in Cape May, New Jersey is valued at $692,224, up 2.4% year over year. Cape May is part of the Ocean City, NJ metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$692,224

+2.4%

Prices rising — worse for buyers.

Affordability

Enter your income for Cape May.

Income (annual)

Down Payment

$138,445 on $692,224

Example: $75,000 household income. Change it above to see your own.

Out of reach80.7% of income

Need $216,086/yr to afford.

PITI$5,042

P/I80.7%

Afford$240K

Gap-$452K

P&I $3,500Tax $1,425Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Jersey

Compare Cape May with other housing markets across New Jersey.

Deal$4.21M Alpine$2.96M Loch Arbour$2.88M Avalon$2.63M Stone Harbor$2.48M Bay Head$2.36M Sea Girt$2.3M Short Hills$2.26M

Full Ocean City, NJ analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Ocean City, NJ metro.

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Cape May, NJ