Market Summary

Cape May, Cape May County, NJ

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Median Home Price Price

$685,675 $685.7K

Median Monthly Rent Rent

$1,442 $1.4K

GRM

39.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Cape May County

Region Price Rent GRM Display
$587,413 $1,335 37.0x
$406,336 $1,638 21.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Cape May County

Region Price Rent GRM Display
$562,183 $2,242 21.0x
$534,936 $2,214 20.0x
$620,254 $2,618 20.0x
$464,926 $1,859 21.0x
$552,972 $2,810 16.0x
$525,905 $2,633 17.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NJ

Region Price Rent GRM Display
$440,266 $1,415 26.0x
$303,585 $1,466 17.0x
$380,033 $1,140 28.0x
$346,853 $1,467 20.0x
$508,027 $1,117 38.0x
$277,087 $1,389 17.0x
$339,292 $1,059 27.0x
$419,931 $1,412 25.0x
$409,791 $1,090 31.0x
$307,538 $1,409 18.0x
$290,871 $1,526 16.0x
$218,883 $956 19.0x
$347,530 $1,418 20.0x
$576,627 $2,343 20.0x
$355,683 $1,007 29.0x
$565,180 $1,320 36.0x
$558,138 $1,850 25.0x
$268,939 $1,390 16.0x
$296,739 $1,387 18.0x
$297,602 $1,361 18.0x
$356,921 $1,075 28.0x
$569,120 $1,444 33.0x
$447,754 $1,458 26.0x
$388,017 $1,461 22.0x
$506,780 $1,613 26.0x
$386,362 $1,078 30.0x
$309,928 $1,049 25.0x
$265,722 $1,515 15.0x
$616,006 $1,873 27.0x
$550,997 $1,505 30.0x
$435,975 $1,487 24.0x
$614,358 $1,393 37.0x
$521,947 $1,463 30.0x
$706,454 $1,725 34.0x

Home prices

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Monthly rent

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GRM

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Cape May

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Trend Insights

Median Rent in Cape May, NJ is $1,442, with MoM change +$14 and YoY change +$93 pointing to positive momentum while volatility is low (std $23).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Cape May, NJ.

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Metric
Base market Cape May, NJ
Compare market Select a market
Delta vs base
Median rent
$1,442
N/A
Median price
$685,675
N/A
YoY change
+$93
N/A
Price-to-rent
39.6x
Data unavailable
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