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North Cape May, NJ Real Estate


According to census data in the year 2000 there were 2,122 housing units in North Cape May. This represents a 0.1% growth from 2,120 in 1990.

Of those housing units, 2,122 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in North Cape May is about 76%. North Cape May's vacancy rate, including seasonal lodging, is about 26.4%. Average household size is 2.35 people.

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

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.70%
Two Bedrooms53.30%
Three Bedrooms39.30%
Four Bedrooms5.80%
Five Bedrooms or more1%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1962
Median Value of occupied units$92,700
Median Price asked for vacant units$80,800

Rented Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1967

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.20%
Home Equity Loan7.90%
Simple Mortgage45.70%
Debt Free40.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%