Cape May
county · 13 metrics · 5y change · report
Home value index, single-family
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| Period | Value | Source | Matched by |
|---|---|---|---|
| 2026-06-01 | $804,637 | zillow_zhvi | fips |
| 2026-05-01 | $800,339 | zillow_zhvi | fips |
| 2026-04-01 | $795,394 | zillow_zhvi | fips |
| 2026-03-01 | $790,377 | zillow_zhvi | fips |
| 2026-02-01 | $783,258 | zillow_zhvi | fips |
| 2026-01-01 | $776,621 | zillow_zhvi | fips |
| 2025-12-01 | $770,271 | zillow_zhvi | fips |
| 2025-11-01 | $763,709 | zillow_zhvi | fips |
| 2025-10-01 | $757,725 | zillow_zhvi | fips |
| 2025-09-01 | $752,356 | zillow_zhvi | fips |
| 2025-08-01 | $748,298 | zillow_zhvi | fips |
| 2025-07-01 | $745,931 | zillow_zhvi | fips |
| 2025-06-01 | $745,368 | zillow_zhvi | fips |
| 2025-05-01 | $746,605 | zillow_zhvi | fips |
| 2025-04-01 | $748,944 | zillow_zhvi | fips |
| 2025-03-01 | $749,953 | zillow_zhvi | fips |
| 2025-02-01 | $749,006 | zillow_zhvi | fips |
| 2025-01-01 | $746,625 | zillow_zhvi | fips |
| 2024-12-01 | $744,712 | zillow_zhvi | fips |
| 2024-11-01 | $743,330 | zillow_zhvi | fips |
| 2024-10-01 | $739,912 | zillow_zhvi | fips |
| 2024-09-01 | $735,131 | zillow_zhvi | fips |
| 2024-08-01 | $730,154 | zillow_zhvi | fips |
| 2024-07-01 | $727,343 | zillow_zhvi | fips |
zori_all
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| Period | Value | Source | Matched by |
|---|---|---|---|
| 2026-06-01 | 2,179.4 | zillow_zori | fips |
| 2026-05-01 | 2,085.4 | zillow_zori | fips |
| 2026-04-01 | 2,138.5 | zillow_zori | fips |
| 2026-03-01 | 2,222.9 | zillow_zori | fips |
| 2026-02-01 | 2,101.2 | zillow_zori | fips |
| 2026-01-01 | 1,962 | zillow_zori | fips |
| 2025-12-01 | 1,910.9 | zillow_zori | fips |
| 2025-11-01 | 2,018 | zillow_zori | fips |
| 2025-10-01 | 2,123.4 | zillow_zori | fips |
| 2025-09-01 | 2,166.3 | zillow_zori | fips |
| 2025-08-01 | 2,145.1 | zillow_zori | fips |
| 2025-07-01 | 2,084.7 | zillow_zori | fips |
| 2025-06-01 | 2,086.1 | zillow_zori | fips |
| 2025-05-01 | 2,064.9 | zillow_zori | fips |
| 2025-04-01 | 2,026 | zillow_zori | fips |
| 2025-03-01 | 1,952.2 | zillow_zori | fips |
| 2025-02-01 | 1,887.8 | zillow_zori | fips |
| 2025-01-01 | 1,909.9 | zillow_zori | fips |
Median household income
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| Period | Value | Source | Matched by |
|---|---|---|---|
| 2019-01-01 | $88,046 | census_acs | fips |
| 2018-01-01 | $83,870 | census_acs | fips |
| 2017-01-01 | $76,237 | census_acs | fips |
| 2016-01-01 | $72,385 | census_acs | fips |
| 2015-01-01 | $67,074 | census_acs | fips |
Current values
Each metric’s most recent reading, ranked against peers by value rather than by change. The MOD-IV assessment aggregates appear only here: they are a single published snapshot, and a change needs two observations.
| Metric | Value | Rank | As of | Source |
|---|---|---|---|---|
| Median gross rent | $1,345 | 18 / 21 | 2023-12-31 | census_acs |
| Median household income | $88,046 | 14 / 21 | 2023-12-31 | census_acs |
| Median owner-occupied home value | $395,000 | 11 / 21 | 2023-12-31 | census_acs |
| Total population | 95,236 | 20 / 21 | 2023-12-31 | census_acs |
| Renters paying over 30% of income on housing | 0.51 | 14 / 21 | 2023-12-31 | census_acs |
| Area median income (HUD) | $111,700 | 18 / 21 | 2024-12-31 | hud |
| Low-income limit, 80% AMI, 4-person household | $88,350 | 19 / 21 | 2024-12-31 | hud |
| Net migration, tax returns | -125 | 9 / 21 | 2022-12-31 | irs_migration |
| Residential units permitted | 877 | 13 / 21 | 2024-12-31 | census_permits |
| Home value to area median income | 6.51 | 21 / 21 | 2024-12-31 | hip_derived |
| Home value to household income | 7.90 | 21 / 21 | 2023-12-31 | hip_derived |
| Unemployment rate | 9.8% | 21 / 21 | 2025-12-31 | bls |
| Home value index, single-family | $804,637 | 1 / 21 | 2026-06-30 | zillow_zhvi |
| Observed rent index, all homes | $2,179 | 14 / 19 | 2026-06-30 | zillow_zori |
Interpretation
written by Gemma 4 E4B · ollamaThe underlying figures have changed since this was written. Treat it as out of date until it is regenerated.
Cape May County shows strong economic growth, leading the region in several key metrics. The median household income increased by 31.3% over the 2019-2023 window, ranking it first among the 21 counties. Similarly, the Area median income (HUD) rose by 30.2%, placing the county second in its peer group. Home values have also seen substantial appreciation, with the median owner-occupied home value increasing by 31.4% over the same period, ranking the county fifth. Despite these strong income gains, the median gross rent has risen by 15.1%, ranking the county poorly (20/21), though the percentage of renters paying over 30% of income on housing has decreased by 5.5%, ranking the county favorably (5/21).
The labor market appears stable, with the unemployment rate dropping by 10.1% to 9.8%, which ranks the county worst (21/21) among peers. In terms of population, the total population increased by 2.3%, ranking the county poorly (20/21). However, net migration, based on tax returns, increased by 24.7%, ranking the county 12th among peers. The home value index, single-family, saw a significant increase of 41.8% through June 2026, ranking the county first (1/21) among all regions.
It is important to note that the analysis is subject to several caveats: consecutive 5-year estimates from the American Community Survey are not independent measurements due to overlapping vintages. Furthermore, affordability ratios are computed by the platform from two published series, not by the source itself. Finally, any rent figure, such as the observed rent index, rests on a thinner base and ranks against a smaller cohort than the home value figures.
Generated by a local language model from this region's analysis packet. It is interpretation of computed metrics, not a measurement, and not advice.
Caveats
- ACS 5-year vintages overlap by four years, so consecutive estimates are not independent measurements and short windows understate the real separation.
- Affordability ratios are computed by this platform from two published series, not published by either source. The monthly value or rent series is averaged over the survey year to match the annual income denominator.
- Zillow's rent index begins in 2015 and covers far fewer places than its home-value index, so any rent figure rests on a thinner base — and ranks against a smaller cohort — than a value figure.
- HUD publishes income limits per county, so every AMI-based figure here is a county figure. HUD does not sanction allocating one down to a municipality.