What is the rental vacancy rate in North Cape May, NJ?
The rental vacancy rate in North Cape May, NJ is 19.5% (±13.4 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.5% (±0.8 points).
1,024 (±176) homes, 33.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In North Cape May, the rental vacancy rate went from 11.8% in 2015–2019 to 19.5% in 2020–2024 (+7.7 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 19.5% (±13.4 points)
- Homeowner vacancy rate
- 0.5% (±0.8 points)
- Vacant homes
- 1,024 (±176)
Vacancy in North Cape May against Cape May County, its state and the nation
| North Cape May | Cape May County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 19.5% (±13.4 points) | 26.1% (±3.3 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.5% (±0.8 points) | 1.6% (±0.6 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 1,024 (±176) | 54,715 (±739) | 283,653 (±4,943) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In North Cape May, the rental vacancy rate is not measurably different from Cape May County (26.1%).
It is also higher than in New Jersey (3.5%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near North Cape May
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| North Cape May | — | 19.5% (±13.4 points) | — |
| Villas | 2.6 mi | 3.4% (±5.9 points) | Lower |
| West Cape May Borough | 2.7 mi | 56.1% (±15.3 points) | Higher |
| Cape May Point Borough | 3.1 mi | 98.0% (±4.4 points) | Higher |
| Erma | 3.3 mi | 0.0% (±23.8 points) | Not measurably different |
| Cape May | 3.9 mi | 44.3% (±12.5 points) | Higher |
| Rio Grande | 4.7 mi | 0.0% (±10.0 points) | Lower |
| Wildwood Crest Borough | 6.1 mi | 35.7% (±18.8 points) | Not measurably different |
| Whitesboro | 6.3 mi | 0.0% (±51.5 points) | Not measurably different |
Nearby places with a measurably lower figure: Villas, NJ (3.4%), Rio Grande, NJ (0.0%).
Nearby places with a measurably higher figure: West Cape May Borough, NJ (56.1%), Cape May Point Borough, NJ (98.0%), Cape May, NJ (44.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Cape May County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | North Cape May | 19.5% (±13.4 points) |
| 2 | Villas | 3.4% (±5.9 points) |
| 3 (tie) | Cape May Court House | 0.0% (±4.9 points) |
| 3 (tie) | Erma | 0.0% (±23.8 points) |
| 3 (tie) | Marmora | 0.0% (±31.0 points) |
| 3 (tie) | Palermo | 0.0% (±69.8 points) |
| 3 (tie) | Rio Grande | 0.0% (±10.0 points) |
Showing 7 of 10 places in Cape May County, ranked from highest to lowest.
North Cape May is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Lower Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about North Cape May
Is it hard to find a rental in North Cape May?
The rental vacancy rate in North Cape May, NJ is 19.5% (±13.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in North Cape May tighter than it was?
In North Cape May, the rental vacancy rate went from 11.8% in 2015–2019 to 19.5% in 2020–2024 (+7.7 percentage points), not a measurable change.
How many homes are vacant in North Cape May?
An estimated 1,024 (±176) housing units, 33.3% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — North Cape May CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — North Cape May CDP, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for North Cape May CDP, New Jersey (place:52650, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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