Cape May Point08212

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,412,000
1.2% YoY Growth
Median Household Income
$88,300
84.3% 5-Year Growth
Days on Market
N/A
N/A
Home Price Forecast
3.3%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Cape May Point

As of Aug '25 and according to Realtor.com, the median days on market for a home in Cape May Point is NA. This is an insufficient data of NA from last year. This indicates that homes are sitting on the market insufficient data to determine a trend than last year. The percentage of listed homes with a reduced price is NA. This is an unknown percentage of inventory, suggesting unknown supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of Homes0.9%N/A
Days on Market
N/AN/A
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Demographics — Cape May Point

MetricLatest CensusYoY % Change
Population
155-17.6%
% Under 18
0.0%-100.0%
% Under 5N/AN/A
% Seniors
76.1%17.3%
% WFH
11.3%-72.2%
% w/ College Degree
60.6%-15.0%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
76.8%-23.2%
% Black
17.4%∞%
% Hispanic
0.0%N/A
% Asian
3.9%∞%
% Foreign Born
16.8%58.5%
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Mortgage and Risk — Cape May Point

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Cape May Point in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Cape May Point. Investor activity in Cape May Point is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
N/AN/AN/A
% Conventional Loans
N/AN/AN/A
% Government Loans
N/AN/AN/A
% Investor Loans
N/AN/AN/A
% Second Loans
N/AN/AN/A
% Cash Out Refinance
N/AN/AN/A
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Rentals and Section 8 — Cape May Point

As of 2024, the percent of homes in Cape May Point under the Section 8 program is Inf%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
1
Total Units Section 8
1
% Rentals under Section 8
∞%
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$1,140
2 BedroomN/AN/A$1,500
3 BedroomN/AN/A$2,010
4 BedroomN/AN/A$2,010

Affordability — Cape May Point

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio14.8N/AN/A
Median Home Price$1,412,000N/AN/A
Median Household Income$88,300N/AN/A

Cape May Point — ZIP Code Boundary Map

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