Median home value in zip code 08204 (Cape May, NJ) is $693,676, up 3.0% year over year. Part of the Ocean City, NJ metropolitan area.

Home Value$693,676

YoY Change

+3.0%

Prices rising — worse for buyers.

Affordability

Enter your income for 08204 (Cape May).

Income (annual)

Down Payment

$138,735 on $693,676

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

Out of reach80.8% of income

Need $216,514/yr to afford.

PITI$5,052

P/I80.8%

Afford$240K

Gap-$453K

P&I $3,508Tax $1,428Ins $117

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

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Metro Analysis

08204 is part of the Ocean City, NJ metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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