Cape May Point, Cape May County, NJ

Median Home Price Price

$1,402,007 $1.4M

Median Monthly Rent Rent

$2,001 $2K

59.0x

Market Snapshot

Cape May Point, Cape May County, NJ is a city market with a median home price of $1,402,007, a median monthly rent of $2,001, a GRM of 59.0x, and a price-to-rent ratio of 58.4.

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Home prices

Monthly rent

GRM = home price / annual rent

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Cape May Point

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Benchmark comparison

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Delta
Median rent
$2,001
N/A
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Median price
$1,402,007
N/A
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YoY change
+$102
N/A
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Price-to-rent
58.4x
Data unavailable
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Key takeaways

  • Cape May Point, Cape May County, NJ has a higher-grm screening profile: At 59.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $102 year over year.