Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,573 people, 2,586 houses or apartments, and a median cost of homes of $426,845, Cape May Court House real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Cape May Court House, accounting for 68.21% of the town's housing units. Other types of housing that are prevalent in Cape May Court House include duplexes, homes converted to apartments or other small apartment buildings ( 11.37%), mobile homes or trailers ( 8.63%), and a few large apartment complexes or high rise apartments ( 6.32%).
The most prevalent building size and type in Cape May Court House are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.98% owning and 39.02% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cape May Court House's housing was primarily built during this period, from the '40s through the '60s. A full 34.81% of the town's housing hails from this era. Other housing ages represented in Cape May Court House include homes built between 1970-1999 ( 29.86%) and housing constructed between 2000 and later ( 26.46%). There's also some housing in Cape May Court House built before 1939 ( 8.88%).
Cape May Court House's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cape May Court House during the period has been just 5.03%, which is lower than 70% of US communities.
Over the last year, Cape May Court House appreciation rates have trailed the rest of the nation. In the last twelve months, Cape May Court House's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cape May Court House were at -2.88%, which equates to an annual appreciation rate of -11.01%.
Notably, Cape May Court House's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Cape May Court House's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$426,845
for New jersey
for nation
2,586
$2,387 / per month