Cape May, NJ Rental Market

Estimated LTR Rent $2,500 and STR $4,476

Overview

The LTR Genie Score of Cape May, NJ is 54 and STR Genie Score is 65, indicating a moderate and high rating respectively. The LTR Rentability is moderate due to the 0% rent growth rate, while the STR Genie Score is higher likely due to the higher net ROI of 14.15% and the relatively high occupancy rate of 48.39%. The 1-Year Price Appreciation Forecast of 1.6% suggests a stable market.

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LTR Genie Score

STR Genie Score

Est. Rent LTR$2,500

Est. Rent STR$4,476

LTR Monthly Cash Flow

STR Monthly Cash Flow

LTR Annual Total Gain

STR Annual Total Gain

Appreciation3.12%

Job Growth0.25%

Population2,768

Properties for sale in Cape, May, NJ, USA.

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Best Places to Live Ranking

Best Places to Live in New Jersey: ranked 289 out of 639 markets
Best Places to Retire in New Jersey: ranked 39 out of 572 markets
Best Places for Young Professionals in New Jersey: ranked 147 out of 639 markets

OverallB
Public SchoolC
Crime And SafetyB
HousingD
NightlifeA-
Good For FamiliesB
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute

Key Informations

Discover top real estate data on rental performance, market growth, and public schools. Ideal for investors and buyers aiming to evaluate suburbs, spot trends, and make smart, data-driven property decisions.

Short-Term Rental (STR) Regulations

In Cape May, NJ, Short Term Rental (STR) regulations are governed by the city's Zoning Code and the Division of Code Enforcement. Investors looking to purchase a property for STR purposes should be aware of the following regulations:

1. Zoning Restrictions: Cape May has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are interested in purchasing is located in a zone that permits short term rentals.

2. Licensing and Permits: STR operators in Cape May are required to obtain a Short Term Rental License from the city. This license must be renewed annually and ensures that the property meets all safety and health standards.

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Market Trends Over Time

Explore market trends, pricing patterns, rentals, and insights

Explore 25 years of comprehensive market data, including median property prices, long-term rental prices, and days on market. Our in-depth analysis highlights price trends, rental performance, and market activity, revealing long-term patterns and cycles. Investors, property managers, and analysts can leverage these insights to identify growth opportunities, assess market stability, and make informed decisions. Understand how market dynamics have evolved to optimize rental strategies and property investments with confidence.

Median Price

Median Rent

Days on Market

Nearest Markets

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Similar Markets

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Cape May, NJ Rental Market

Overview

Properties for sale in Cape, May, NJ, USA.

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Best Places to Live Ranking

Key Informations

Short-Term Rental (STR) Regulations

Market Trends Over Time

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