Is Cape May, NJ a good place to invest in rental property?

Cape May, NJ has a median modeled monthly cash flow of $-7,958 and a median cap rate of 0.1%, on a median sold price of $1,302,500. Prices changed +15.9% year over year.

What is the average cap rate in Cape May, NJ?

The median cap rate across recently sold homes in Cape May, NJ is 0.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cape May, NJ?

The median sold price in Cape May, NJ is $1,302,500 (about $910 per square foot).

Investing in Cape May, NJ Real Estate

A data-driven snapshot of the Cape May, NJ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,302,500Median sold price

$910Median $/sqft

0.1%Median cap rate

$-7,958Modeled cash flow / mo

+15.9%Appreciation YoY

10.9Months of supply

73Active listings

80Sold (last 12 mo)

What the Cape May numbers say

In Cape May, NJ, the median home sold for $1,302,500 (about $910 per square foot), and the typical deal models out to a 0.1% cap rate with a median $-7,958 of monthly cash flow. Sold prices moved +15.9% over the past year. Inventory sits at about 10.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Cape May cash-flowing listings

CashFlowRE ranks every for-sale home in Cape May, NJ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cape May deals, or browse the national market data.