Cape May, NJ Overview

Distinguished as the nation's oldest seaside resort and a National Historic Monument, the charmingly Victorian Cape May is known for its exceptional style and elegance as well as the hospitality of yesterday.  Cape May claims more than 600 authentically restored and preserved Victorian structures, each one a showcase of master craftsmanship and exquisitely fine architectural elements.  Cape May is also established as one of the nation's finest bed-and-breakfast inn resorts.  The result is a blend of rocking chairs and stained glass with contemporary condominiums, fine dining, and wonderful shops.  This community is nestled at the southern tip of the peninsula that shelters Delaware Bay, ensuring a temperate climate with mild winters and cooling summer breezes.  Cape May is also the site of the U.S. Coast Guard Training Center.  Recreational opportunities such as whale watching, fishing, boating, and sailing harmonize with cultural events and festivals to offer an active and vibrant lifestyle.  The historic borough of West Cape May proudly celebrates its agricultural heritage each year with a summer farmers market and festivals celebrating strawberries, tomatoes, and lima beans.  The borough was once known as the "Lima Bean Capital East of the Rockies."

Summary

Population Growth (since 2000)-19%
Population Density (ppl / mile)1,360.00
Household Size (ppl)1.917
Households w/ Children9%

Housing Stability

Annual Residential Turnover0%
5+ Years in Residency47%
Median Year in Residency4.74

Housing Inventory

Cape May, NJ Housing Inventory 2,0865967122,086596

Market Overview

108 listings with an estimated median price of $1,400,000

PriceCount
$100K - 200K3
$200K - 300K5
$300K - 400K4
$400K - 500K8
$500K - 600K9
$600K - 700K9
$700K - 800K5
$900K - 1M3
$1M - Max62
Property TypeCount
Single Family65
Townhouse4
Condo19
Commercial4
Rental1
Lots and Land12
Multi Family4

(Data as of 5/24/2022)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Cape May, NJ Population Demographics

Total: 3,270

Households:1,308

Median Age: 39.35

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Cape May, NJ Temperature

Weather Risk

Cape May, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Cape May, NJ Education Climate Index

Highest Education Level Attained

Cape May, NJ Highest Education Level Attained 51540722695543705915154079554370

Employment and Finance

Workforce

Cape May, NJ Workforce

Income by dollar range (Median Income: $57,321)

Cape May, NJ Income by dollar range 854547671315161448355821081858088542220

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$719
One Bedroom
$933
Two Bedroom
$1,133
Three Bedroom
$1,574
Four Bedroom
$1,942

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Cape May, NJ Crime

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