What is the median home value in West Cape May Borough, NJ?
The median value of owner-occupied homes in West Cape May Borough, NJ is $751,100 (±$65,948), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In West Cape May Borough, the median home value went from $519,400 in 2015–2019 to $751,100 in 2020–2024 (+44.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $751,100 (±$65,948)
- Owner-occupied homes
- 415 (±79)
- Most common range
- $500,000 to $999,999
Home values in West Cape May Borough
| Value | West Cape May Borough | Cape May County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 2.9% (±2.7 points) | 3.6% | 2.5% | 5.3% |
| $50,000 to $99,999 | 4.6% (±3.2 points) | 1.8% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.7% (±1.2 points) | 1.3% | 2.2% | 6.8% |
| $150,000 to $199,999 | 0.7% (±1.3 points) | 5.0% | 4.3% | 9.0% |
| $200,000 to $299,999 | 5.5% (±3.5 points) | 15.9% | 12.9% | 17.8% |
| $300,000 to $499,999 | 5.1% (±3.6 points) | 33.4% | 34.2% | 26.9% |
| $500,000 to $999,999 | 59.0% (±7.7 points) | 26.9% | 34.5% | 20.9% |
| $1,000,000 or more | 21.4% (±5.9 points) | 12.4% | 7.6% | 7.1% |
The most common range is $500,000 to $999,999, 59.0% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
West Cape May Borough against Cape May County, its state and the nation
| West Cape May Borough | Cape May County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $751,100 (±$65,948) | $434,600 (±$9,304) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 415 (±79) | 36,053 (±805) | 2,239,128 (±10,678) | 84,210,142 |
In West Cape May Borough, the median home value is higher than in Cape May County ($434,600).
It is also higher than in New Jersey ($454,400).
It is higher than the national figure ($332,700).
In Cape May County, West Cape May Borough ranks 7 of 16 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 96 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in West Cape May Borough have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $519,400 (±$35,394) | $751,100 (±$65,948) | +44.6% | Up after inflation |
| Median owner cost with a mortgage | $2,598 (±$532) | $2,695 (±$365) | +3.7% | No measurable change after inflation |
| Median real estate taxes | $5,694 (±$456) | $6,383 (±$289) | +12.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near West Cape May Borough
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| West Cape May Borough | — | $751,100 (±$65,948) | — |
| Cape May Point Borough | 1.5 mi | $1,050,000 (±$108,837) | Higher |
| Cape May | 2.2 mi | $863,900 (±$65,604) | Higher |
| North Cape May | 2.7 mi | $393,300 (±$40,021) | Lower |
| Lower Township | 3.2 mi | $364,900 (±$16,201) | Lower |
| Erma | 4.4 mi | $409,900 (±$74,860) | Lower |
| Villas | 5.1 mi | $301,600 (±$27,928) | Lower |
| Wildwood Crest Borough | 5.8 mi | $590,900 (±$101,953) | Lower |
| Rio Grande | 6.2 mi | $317,400 (±$55,061) | Lower |
Nearby places with a measurably lower figure: North Cape May, NJ ($393,300), Lower Township, NJ ($364,900), Erma, NJ ($409,900).
Nearby places with a measurably higher figure: Cape May Point Borough, NJ ($1,050,000), Cape May, NJ ($863,900).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Cape May County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Stone Harbor Borough | $2,000,000 or more |
| 2 | Avalon Borough | $1,959,000 (±$146,594) |
| 3 | Sea Isle City | $1,087,300 (±$43,074) |
| 4 | Cape May Point Borough | $1,050,000 (±$108,837) |
| 5 | Cape May | $863,900 (±$65,604) |
| 6 | Ocean City | $840,500 (±$49,163) |
| 7 | West Cape May Borough | $751,100 (±$65,948) |
| 8 | Wildwood Crest Borough | $590,900 (±$101,953) |
| 9 | North Wildwood | $459,900 (±$48,992) |
| 10 | Upper Township | $411,500 (±$19,373) |
| 11 | West Wildwood Borough | $400,800 (±$45,048) |
| 12 | Wildwood | $391,300 (±$44,915) |
| 13 | Lower Township | $364,900 (±$16,201) |
Showing 13 of 16 places in Cape May County, ranked from highest to lowest.
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 West Cape May Borough
What is the average home value in West Cape May Borough, NJ?
The Census Bureau publishes the median: $751,100 (±$65,948) for owner-occupied homes in West Cape May Borough (2020–2024 American Community Survey).
Have home values in West Cape May Borough gone up?
In West Cape May Borough, the median home value went from $519,400 in 2015–2019 to $751,100 in 2020–2024 (+44.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in West Cape May Borough sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — West Cape May borough, Cape May County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — West Cape May borough, Cape May County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — West Cape May borough, Cape May County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — West Cape May borough, Cape May County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 West Cape May borough, Cape May County, New Jersey (county subdivision:78530, in state:34 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 .
Related
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- Population growth in West Cape May Borough
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- New Jersey landlord and tenant rules
- Housing across Cape May County
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- Housing data for every place in New Jersey