Cape May city: Homeownership Rate Trend
How Cape May city's homeownership rate 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
68.9%
2023
63.0%
Total change
-5.9 pp
% change
-8.6%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 68.9% | — |
| 2019 | 57.6% | -11.3 pp (-16.4%) |
| 2020 | 54.6% | -3.0 pp (-5.2%) |
| 2021 | 55.3% | +0.7 pp (1.3%) |
| 2022 | 58.3% | +3.0 pp (5.4%) |
| 2023 | 63.0% | +4.7 pp (8.1%) |