Foreclosure Homes in Cape May, NJ

Buyer vs Seller Market in Cape May, NJ

Median home value: $771,231 as of 2026-05-14.

Median rent: $1,550 as of 2026-05-14.

Home values: -2.25% MoM, +4.72% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Rent Prices In Cape May, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cape May, NJ, is on a rollercoaster ride. The average rent price in Cape May, NJ, is $1,577.00. Indeed, when looking to rent in Cape May, NJ, you can expect to pay as little as $720.00 or as much as $3,260.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Cape May, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.