There are currently 383 real estate properties in Cape May Point, NJ, with a median automated valuation model (AVM) price of $999,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cape May Point, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cape May Point, NJ, is $1,038,650.00, with the most expensive house in Cape May Point, NJ, topping out at $2,783,900.00 and the cheapest home in Cape May Point, NJ, clocking in at $371,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Cape May Point, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cape May Point, NJ, is on a rollercoaster ride. The average rent price in Cape May Point, NJ, is $1,786.00. Indeed, when looking to rent in Cape May Point, NJ, you can expect to pay as little as $1,280.00 or as much as $2,620.00, with the average rent median estimated to be $1,750.00. The good news is that finding an affordable and desirable property to rent in Cape May Point, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cape May Point, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cape May Point, NJ and much more. Save thousands at closing with home foreclosure listings in Cape May Point, NJ — up to 75% off market value!
Cape May Point is located in Cape May, New Jersey, with an estimated municipal population of 275 residents. All of the best foreclosed homes for sale in Cape May Point are located in the following zip code areas on Foreclosure.com: 08212. The estimated population per square kilometer (.62 miles) in Cape May Point is 359.
So, about how much do homes cost in Cape May Point? The most recent median value of resident-owned homes in Cape May Point is 777,691. An estimated 96.7 percent of households in Cape May Point own their homes, with an average family size of 2. The median household income in Cape May Point is 62,500, with26.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cape May Point, the median commute time of resident workers (in minutes) is 21.1.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cape May Point, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cape May Point is 71.3, split between 39.8 percent male versus 60.2 female. The percentage of residents who report being married in Cape May Point is 51.1, with an average family size of 2.
The percentage of residents who report their race in Cape May Point is as follows:
|Black / African American||1.1%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Cape May Point? Or maybe you are searching for 55+ active adult communities in and/or near Cape May Point?
The percentage of residents who report their age in Cape May Point is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cape May Point with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cape May Point.
How do you know that living in -- or moving to -- Cape May Point is right where you need to be? Perhaps you grew up in Cape May Point or already live nearby; therefore, the decision to buy a home in Cape May Point is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cape May Point for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cape May Point:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cape May Point.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cape May Point can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cape May Point, meanwhile, can field multiple offers from more qualified buyers.