Cape May city: Median Gross Rent Trend
How Cape May city's median gross rent 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
$916
2023
$1,013
Total change
+$97
% change
+10.6%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $916 | — |
| 2019 | $1,009 | +$93 (10.2%) |
| 2020 | $1,119 | +$110 (10.9%) |
| 2021 | $1,066 | $53 (-4.7%) |
| 2022 | $1,077 | +$11 (1%) |
| 2023 | $1,013 | $64 (-5.9%) |