2026 Affordability Data
Most Affordable Neighborhoods in Cape May - 2026 Data
The median home value in Cape May is $580,000, 106% above nat'l avg. Median rent is $1,077/month. With an affordability index of 40, Cape May is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Cape May, NJ area.
Key Takeaways: Affordability in Cape May
- 1The most affordable neighborhood in Cape May is East Orange, with a median home value of $282,900.
- 2Cape May's median home value is $580,000, 106% above nat'l avg (national: $281,900).
- 3Cape May's affordability index is 40 (baseline 100), making it less affordable than the national average.
- 4Median rent in Cape May is $1,077/month, 7% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Cape May to find the most affordable areas based on home values, rent, and affordability index.
Cape May Affordability Overview
Median Home Value
$580,000
106% above nat'l avg
Median Rent
$1,077/mo
7% below nat'l avg
Median Income
$57,640
23% below nat'l avg
Affordability Index
40
60% below nat'l avg
Most Affordable Neighborhoods in Cape May (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | East OrangeNJ | $282,900 |
| 2 | GuttenbergNJ | $364,500 |
| 3 | CliftonNJ | $428,000 |
| 4 | PassaicNJ | $379,800 |
| 5 | Freehold boroughNJ | $361,700 |
| 6 | West New YorkNJ | $407,000 |
| 7 | Metuchen boroughNJ | $537,000 |
| 8 | New Providence boroughNJ | $700,700 |
| 9 | Florham Park boroughNJ | $705,200 |
| 10 | Hopatcong boroughNJ | $284,600 |
| 11 | Edgewater boroughNJ | $750,200 |
| 12 | Union CityNJ | $448,000 |
| 13 | Haddonfield boroughNJ | $623,900 |
| 14 | PlainfieldNJ | $351,500 |
| 15 | Ringwood boroughNJ | $417,500 |
Detailed Neighborhood Profiles
Home Value: $282,900
Rent: $1,625/mo
Affordability: 110
Population: 68,879
Walk Score: 25/100
Home Value: $364,500
Rent: $1,625/mo
Affordability: 110
Population: 11,765
Walk Score: 25/100
Home Value: $428,000
Rent: $1,625/mo
Affordability: 110
Population: 89,451
Walk Score: 25/100
4
Home Value: $379,800
Rent: $1,625/mo
Affordability: 110
Population: 70,048
Walk Score: 25/100
5
Home Value: $361,700
Rent: $1,625/mo
Affordability: 110
Population: 12,498
Walk Score: 25/100
6
Home Value: $407,000
Rent: $1,625/mo
Affordability: 110
Population: 52,438
Walk Score: 25/100
7
Home Value: $537,000
Rent: $1,625/mo
Affordability: 110
Population: 14,958
Walk Score: 25/100
8
Home Value: $700,700
Rent: $1,625/mo
Affordability: 110
Population: 13,595
Walk Score: 25/100
9
Home Value: $705,200
Rent: $1,625/mo
Affordability: 110
Population: 12,790
Walk Score: 25/100
10
Home Value: $284,600
Rent: $1,625/mo
Affordability: 110
Population: 14,411
Walk Score: 25/100
11
Home Value: $750,200
Rent: $1,625/mo
Affordability: 110
Population: 14,394
Walk Score: 25/100
12
Home Value: $448,000
Rent: $1,625/mo
Affordability: 110
Population: 67,258
Walk Score: 25/100
13
Home Value: $623,900
Rent: $1,625/mo
Affordability: 110
Population: 12,456
Walk Score: 25/100
14
Home Value: $351,500
Rent: $1,625/mo
Affordability: 110
Population: 54,358
Walk Score: 25/100
15
Home Value: $417,500
Rent: $1,625/mo
Affordability: 110
Population: 11,692
Walk Score: 25/100
Frequently Asked Questions About Affordability in Cape May
What is the most affordable neighborhood in Cape May, NJ?▾
Based on 2026 data, East Orange is the most affordable neighborhood in Cape May with a median home value of $282,900. Kurby analyzed 15 neighborhoods in the Cape May area to compile these rankings.
What is the median home price in Cape May, NJ?▾
The median home price in Cape May is $580,000, which is 106% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Cape May affordable compared to the national average?▾
Cape May has an affordability index of 40, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Cape May, NJ?▾
The median monthly rent in Cape May is $1,077. This is 7% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Cape May?▾
The median household income in Cape May is $57,640 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).