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.

See the full metro analysis: Ocean City, NJ stress score, crash risk, and 12-month forecast →

Home Value$692,224

+2.4%

AFFORDABILITY

Enter your income for Cape May.

Income (annual)

Down Payment

$138,445 on $692,224

Out of reach — 80.7% 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$4213K Alpine$2955K Loch Arbour$2880K Avalon$2630K Stone Harbor$2477K Bay Head$2362K Sea Girt$2305K Short Hills$2258K

Full Ocean City, NJ analysis

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

View Ocean City, NJ metro →

CAPE MAY, NJ