Cape May Point, NJ Real Estate

According to census data in the year 2000 there were 498 housing units in Cape May Point. This represents a 13.8% decline from 578 in 1990.

Of those housing units, 498 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Cape May Point is about 93.2%. Cape May Point's vacancy rate, including seasonal lodging, is about 73.5%. Average household size is 1.8 people.

The majority of houses, apartments or condos in Cape May Point were built after 1963.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom1.20%
Two Bedrooms29.70%
Three Bedrooms42.40%
Four Bedrooms20.90%
Five Bedrooms or more5.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size1.8
Median year structure was built1963
Median Value of occupied units$301,400
Median Price asked for vacant units$350,000

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1959
Median Monthly Rent asked for vacant units$513

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.70%
Second Mortgage2.60%
Home Equity Loan0%
Simple Mortgage36.80%
Debt Free59%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.9%