Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Cape May County, New Jersey?
County · Census ACS 5-Year estimates
The median gross rent in Cape May County, New Jersey is $1,360/month (±$96), based on Census ACS 5-Year estimates (2024). The median home value is $434,600 (±$9,304), and the median household income is $91,128/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Cape May County, New Jersey and Neighbouring Counties
Housing Metrics for Cape May County, New Jersey
| Metric | Value |
|---|---|
| Median Gross Rent | $1,360 |
| Median Home Value | $434,600 |
| Median Household Income | $91,128 |
| Total Housing Units | 44,884 |
| Renter-Occupied Units | 8,831 |
| Renter-Occupied Share | 20% |
| Households Paying 50%+ Income | 2,444 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $826 | +0.0% |
| 1 BR | $946 | +0.0% |
| 2 BR | $1,485 | +0.0% |
| 3 BR | $1,865 | +0.0% |
| 4 BR | $1,499 | +0.0% |
| 5+ BR | $974 | +0.0% |
How does Cape May County, New Jersey compare?
Median gross rent ranked against all counties in New Jersey.
Higher rent than 14% of counties in New Jersey · 19th of 21
| # | County | Value |
|---|---|---|
| 1 | Somerset County | $2,033 |
| 2 | Bergen County | $1,914 |
| 3 | Morris County | $1,904 |
| … 15 more … | ||
| 19 | Cape May County(you are here) | $1,360 |
| 20 | Cumberland County | $1,282 |
| 21 | Salem County | $1,253 |
More data for Cape May County, New Jersey
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Frequently asked questions
What is the average rent in Cape May County, New Jersey?
The median gross rent in Cape May County, New Jersey is $1,360/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Cape May County, New Jersey?
The median rent for a 2-bedroom in Cape May County, New Jersey is $1,485/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$142. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Cape May County, New Jersey?
The median home value in Cape May County, New Jersey is $434,600 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Cape May County are rent-burdened?
In Cape May County, New Jersey, 2,444 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Cape May County, New Jersey?
The median household income in Cape May County, New Jersey is $91,128/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,360 has a margin of error of ±$96. In very small areas, MOEs can be large relative to the estimate.
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