Zip 08204 (Cape May, NJ) Housing

The housing market in 08204 Cape May, NJ is booming with the median value for a house being $530,200. This is significantly more than the US house median value of $338,100 and even more impressive is that the 1 year appreciation rate for housing in 08204 Cape May, NJ is 16.42%, much higher than the US average of 8.27%. As such, it is no surprise that more and more people are looking to buy or invest in properties within this area as they can expect to make good returns on their investments.

The median home cost in Cape May (zip 08204) is $530,200. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Cape May (zip 08204) is up 20.3%.

Average Age of Homes

- The median age of Cape May (zip 08204) real estate is 43 years old

The Rental Market in Cape May (zip 08204)

- Renters make up 14.7% of the Cape May (zip 08204) population
- 4.6% of houses and apartments in Cape May (zip 08204), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cape May, New Jersey	United States
	12,932.0	139,647,020.0
	46	42
	$530,200	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$14.52	$10.98
	$4,427	$2,690
	46.0%	57.4%
	41.1%	11.2%
	12.9%	31.4%
Vacant Housing
	4.6%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	33.9%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	1.7%	2.4%
	0.1%	2.8%
	0.5%	3.9%
	0.6%	4.5%
	2.2%	11.3%
	12.4%	13.0%
	30.5%	20.1%
	20.9%	13.6%
	11.9%	8.3%
	10.8%	9.7%
	4.5%	3.9%
	1.6%	2.2%
	0.3%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	8.2%	13.6%
	8.2%	13.6%
	10.4%	13.6%
	17.5%	13.2%
	20.5%	14.8%
	10.4%	13.6%
	13.6%	10.0%
	2.9%	4.7%
	13.4%	12.2%

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