Cape May city: Median Home Value Trend
How Cape May city's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$570,900
2023
$823,800
Total change
+$252,900
% change
+44.3%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $570,900 | — |
| 2019 | $652,900 | +$82,000 (14.4%) |
| 2020 | $651,600 | $1,300 (-0.2%) |
| 2021 | $633,200 | $18,400 (-2.8%) |
| 2022 | $767,000 | +$133,800 (21.1%) |
| 2023 | $823,800 | +$56,800 (7.4%) |