Rental numbers for Cape May County, NJ
The typical home here runs -$4,286 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 2.7%.
- Gross yield
- 2.9%
- typical home, Zillow
- Median ZIP yield
- 2.7%
- 2 ZIPs with full data
- Cash flow
- -$4,286/mo
- at 7.78%, 25% down
- Typical price
- $806,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,952/mo
- Zillow ZORI, Aug 2026
ZIP codes in Cape May County
14 with published figures
| 08230Ocean View | $480,000 | $2,320* | 5.8% | 2.0% | -$1,770 | n/a |
| 08251Villas | $412,000 | $1,960* | 5.7% | 2.4% | -$1,414 | n/a |
| 08270Woodbine | $334,000 | $1,570* | 5.6% | 1.8% | -$1,300 | n/a |
| 08210Cape May Court House | $463,000 | $1,970* | 5.1% | 1.6% | -$1,880 | n/a |
| 08223Marmora | $508,000 | $2,160* | 5.1% | 1.7% | -$2,026 | n/a |
| 08242Rio Grande | $436,000 | $1,750* | 4.8% | 1.1% | -$1,928 | n/a |
| 08260Wildwood | $657,000 | $1,841 | 3.4% | 0.4% | -$3,318 | n/a |
| 08204Cape May | $736,000 | $1,630* | 2.7% | 0.0% | -$3,968 | n/a |
| 08226Ocean City | $1,127,000 | $1,880 | 2.0% | -0.1% | -$6,202 | n/a |
| 08243Sea Isle City | $1,526,000 | $2,210* | 1.7% | -0.1% | -$8,393 | n/a |
| 08248Strathmere | $1,662,000 | $2,280* | 1.7% | -0.6% | -$9,778 | n/a |
| 08212Cape May Point | $1,629,000 | $1,630* | 1.2% | -0.6% | -$9,551 | n/a |
| 08247Stone Harbor | $2,619,000 | $2,030* | 0.9% | -0.8% | -$15,883 | n/a |
| 08202Avalon | $2,781,000 | $1,990* | 0.9% | -0.7% | -$16,645 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +9.3%
- Rent, 12 months
- +10.9%
- Rent minus price growth
- +1.6 pts
- Property tax
- 1.22%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $582,700 | n/a |
| Aug 2022 | $683,181 | n/a |
| Aug 2023 | $692,601 | n/a |
| Aug 2024 | $719,644 | n/a |
| Aug 2025 | $737,528 | $1,760 |
| Aug 2026 | $806,250 | $1,952 |
HUD Fair Market Rent
FY2027, Cape May County, NJ HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,512 | $1,521 | $1,857 | $2,431 | $2,441 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 18.0
- 809 units, last 12 months
- National percentile
- 88th
- among US counties
Tools
Test a listing in Cape May County against today's rate.
Open the calculatorPart of the Ocean City, NJ metro.
Questions
- Is Cape May County good for rental property?
- The typical home here runs -$4,286 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 2.7%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Cape May County?
- About 1.22% of value, from Census ACS median taxes paid over median home value. On a $806,000 home that is about $9,844 a year.
- What is Fair Market Rent in Cape May County?
- HUD's FY2027 Fair Market Rent here is $1,521 for a 1-bedroom, $1,857 for a 2-bedroom and $2,431 for a 3-bedroom. Typical cash flow at today's rate is -$4,286 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.