What are current home values in Cape May, NJ?

The median home value in Cape May, NJ is $745,559 as of June 2026. This represents a 0.8% increase compared to last month and a 6.2% increase year-over-year.

How have home values changed in Cape May, NJ?

Home values in Cape May, NJ have increased by 0.8% month-over-month and 6.2% year-over-year.

How do home values in Cape May, NJ compare to Cape May County, New Jersey, and the national average?

The median home value in Cape May, NJ ($745,559) compares to: Cape May County ($804,637), New Jersey ($584,681), and the U.S. national median ($372,995).

Cape May, NJ Housing Market

$745,559

6.2% 1-yr

The average Cape May, NJ home value is $745,559, up 6.2% over the past year, and homes go to pending in around 25 days. (Updated on 6/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Cape May Key Takeaways

Typical Home Values: $745,559

1-Year Value Change: +6.2%

(Data through June 30, 2026)

Cape May Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 110 (June 30, 2026)

New Listings: 39 (June 30, 2026)

Median Sale to List Ratio: 0.990 (May 31, 2026)

Median Sale Price: $675,000 (May 31, 2026)

Median List Price: $902,333 (June 30, 2026)

Percent of Sales Over List Price: 30.9% (May 31, 2026)

Percent of Sales Under List Price: 58.8% (May 31, 2026)

Median Days to Pending: 25 (June 30, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Cape May

NameMedian ZHVI
North Cape May$588,838
West Cape May$1,314,197
Erma$446,123
Diamond Beach$866,121
Wildwood Crest$803,202
West Wildwood$564,499
Whitesboro$371,174
Burleigh$440,891
Goshen--

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Cape May Homes for Sale

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Cape May Rental Market Trends

Average Rent: --

National Average Rent: $1,965 (June 30, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.