Cape May, NJ Real Estate
According to census data in the year 2000 there were 4,064 housing units in Cape May.
This represents a 0.3% growth from 4,052 in 1990.
Of those housing units, 4,064 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 is about 56.6%.
Cape May's vacancy rate, including seasonal lodging, is about 55.2%.
Average household size is 2.02 people.
The majority of houses, apartments or condos in Cape May were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 16.30% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 26.30% |
| Four Bedrooms | 12.80% |
| Five Bedrooms or more | 10% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $212,900 |
| Median Price asked for vacant units | $96,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $516 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 42.70% |
| Debt Free | 47.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
