Special Interest
Housing in Cape May County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Cape May County averages $1,360/month for a 2‑bedroom in 2024, compared to the New Jersey median of $1,720 and the national median of $1,413. Local renters spend approximately 32% of household income on rent, equal to the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Cape May County FMR Area are $1,508 for a studio, $1,561 for 1‑bedroom, $2,048 for 2‑bedroom, $2,739 for 3‑bedroom, and $2,749 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $688 increase for a 2-bedroom in Cape May County shows a 51% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Cape May County was 8.0% in 2024, compared to New Jersey at 4.5% and the national rate of 4.0%.
