North Cape May, NJ is a great place to invest in housing. The median value of homes is $300,900, which is lower than the US median value of $338,100. This presents an opportunity for a higher rate of return on investment as the US has experienced an appreciation rate of 8.27%, while North Cape May, NJ has seen an even higher appreciation rate of 16.42% in just one year. Purchasing a home in this area could be a great investment for anyone looking to increase their equity or earn rental income.
The median home cost in North Cape May is $300,900. Home appreciation the last 10 years has been 70.7%. Home Appreciation in North Cape May is up 20.3%.
Average Age of Homes
- The median age of North Cape May real estate is 55 years old
The Rental Market in North Cape May
- Renters make up 14.0% of the North Cape May population
- 1.7% of houses and apartments in North Cape May, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.