Cape May, NJ Housing Market
$745,433
8.1% 1-yrThe average Cape May, NJ home value is $745,433, up 8.1% over the past year, and homes go to pending in around 32 days. (Updated on )
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.
Cape May Key Takeaways
Typical Home Values: $745,433
1-Year Value Change: +8.1%
(Data through August 31, 2026)
Cape May Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- West Cape May$1,314,114
- North Cape May$585,424
- Erma$452,398
- Diamond Beach$866,404
- Wildwood Crest$794,218
- West Wildwood$561,686
- Whitesboro$374,460
- Burleigh$444,598
- Goshen--
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Cape May Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Cape May, NJ?
The median home value in Cape May, NJ is $745,433 as of August 2026. This represents a 1.1% increase compared to last month and a 8.1% increase year-over-year.
How have home values changed in Cape May, NJ?
Home values in Cape May, NJ have increased by 1.1% month-over-month and 8.1% 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 ($745,433) compares to: Cape May County ($806,250), New Jersey ($580,353), and the U.S. national median ($368,697).
