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
With 5,330 people, 2,182 houses or apartments, and a median cost of homes of $282,533, 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 64.46% 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 ( 13.93%), mobile homes or trailers ( 7.98%), and a few row houses and other attached homes ( 7.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cape May Court House. Owner-occupied housing accounts for 68.29% of Cape May Court House's homes, and 57.38% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cape May Court House built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cape May Court House built between 1940-1969 ( 26.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.88%). There's also some housing in Cape May Court House built before 1939 ( 14.87%).
Vacant housing appears to be an issue in Cape May Court House. Fully 17.85% of the housing stock is classified as vacant. Left unchecked, vacant Cape May Court House homes and apartments can be a drag on the real estate market, holding Cape May Court House real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Cape May Court House over the last then years, as home values have seen a decline of 24.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cape May Court House home appreciation rates at -3.51%, which equates to an annual appreciation rate of -13.30%.
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 -1.20%, 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 -3.51%, which equates to an annual appreciation rate of -13.30%.
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.
|$736,001 - $981,000||0.7|
|$490,001 - $736,000||9.9|
|$392,001 - $490,000||8.6|
|$294,001 - $392,000||21.7|
|$196,001 - $294,000||43.0|
|$98,001 - $196,000||7.1|
|$49,001 - $98,000||0.7|
|$0 - $49,000||7.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cape May Court House HOMES|
|2000 or Newer||17.9|
|1970 - 1999||40.6|
|1940 - 1969||26.7|
|1939 or Older||14.9|
|TYPE OF Cape May Court House HOMES|
|Small Apt. Buildings||13.9|
|SIZE OF Cape May Court House HOMES|
|5 or more bedrooms||4.10|