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Real Estate Prices & Overview

Median real estate price in the City Center of Cape May is $1,074,059, which is more expensive than 91.0% of the neighborhoods in New Jersey and 92.1% of the neighborhoods in the U.S.

The average rental price in Cape May City Center is currently $2,661, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.8% of New Jersey neighborhoods.

Cape May City Center is a suburban neighborhood (based on population density) located in Cape May, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Real estate in the City Center of Cape May, NJ is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Cape May City Center. The current real estate vacancy rate here is 69.0%. This is higher than the rate of vacancies in 99.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (55.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Cape May City Center is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Cape May City Center is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, despite all of the residential real estate here in the Cape May City Center neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 69.0%, which is higher than 99.6% of all U.S. neighborhoods.

Furthermore, if you love row houses and attached homes, you will probably really like the Cape May City Center neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 36.0% of the residential real estate here is classified as row houses and attached homes.

Occupations

The Cape May City Center neighborhood stands out nationally for having a greater proportion of its residents active in the military than 99.7% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Cape May City Center neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.9% of its workforce, this neighborhood has a greater concentration of government workers than 96.9% of U.S. neighborhoods.

Modes of Transportation

In the Cape May City Center neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 27.7% of residents here. This is a higher proportion of walking commuters than we found in 98.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.6% of residents in the Cape May City Center neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Cape May City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 65.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.6% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

If you are planning to retire in New Jersey, this neighborhood should be on your must-see list. For many reasons, Cape May City Center may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in New Jersey, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.0% of neighborhoods in NJ. If a New Jersey retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.

Diversity

Did you know that the Cape May City Center neighborhood has more Irish and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.1% of this neighborhood's residents have Irish ancestry and 3.8% have Arab ancestry.

Cape May City Center is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Cape May City Center neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the City Center neighborhood in Cape May are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.2% of the neighborhoods in America. In addition, 0.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 80.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Cape May City Center neighborhood, 50.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is the military, with 17.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.4%), and 17.0% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Cape May City Center neighborhood is English, spoken by 83.4% of households. Other important languages spoken here include Spanish and Arabic.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the City Center neighborhood in Cape May, NJ, residents most commonly identify their ethnicity or ancestry as Irish (25.1%). There are also a number of people of German ancestry (10.6%), and residents who report Italian roots (10.3%), and some of the residents are also of English ancestry (8.4%), along with some Puerto Rican ancestry residents (7.9%), among others. In addition, 10.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Cape May City Center neighborhood spend under 15 minutes commuting one-way to work (65.7% of working residents), one of the shortest commutes across America.

Here most residents (53.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (27.7%) and 9.6% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Migration & Mobility
Race & Ethnic Diversity
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Crime includes:
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Schools include:
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