Cape May, NJ

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Cape May short-term rental market based on reliable data.

Listings

713 / 1706

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$47,017

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$701,549

Median Home Sale Price

Top Earners

$95,914

Top-Earners Revenue

Cape May

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cape May.

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B

Generally Investor friendly

Cape May Regulations

Cape May explicitly allows STRs (under 175 days) citywide with a clear licensing pathway, moderate fees and square‑footage‑based rates, annual inspections, and a local managing‑agent requirement, with no meaningful caps and a supportive tone that preserves the market.

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About Cape May

Cape May, New Jersey, is a picturesque coastal city known for its Victorian charm and pristine beaches. With a population of approximately 3,500 residents, it swells significantly during the summer months as it becomes a prime vacation destination. Cape May is located at the southern tip of New Jersey and is roughly 90 miles south of Philadelphia, making it a convenient getaway for residents of this major city.

Cape May offers a wealth of attractions that enhance its appeal for short-term rentals. The Cape May Lighthouse, a historic structure dating back to 1859, provides panoramic views of the Atlantic Ocean and Delaware Bay (http://njpalisades.org/capelighthouse.html)..) The city is also home to the Emlen Physick Estate, a well-preserved example of Victorian architecture that operates as a museum and cultural center (https://www.capemaymac.org/emlen-physick-estate)..)

Another significant landmark is the Washington Street Mall, a pedestrian-friendly shopping and dining district that's a hub of activity for both locals and tourists (https://www.experiencecapemay.com/washington-street-mall)..) Nature enthusiasts will appreciate the Cape May Bird Observatory, a renowned spot for birdwatching (https://njaudubon.org/centers/cape-may-bird-observatory)..)

Overall, Cape May's rich history, beautiful landscapes, and variety of attractions make it an attractive location for short-term rentals, offering guests a unique and memorable experience.

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