Cape May vs Elizabeth: Housing
| Cape May | Elizabeth | |
|---|---|---|
| Median Home Value | $863,900 | $449,300 |
| Median Gross Rent | $1,013/mo | $1,523/mo |
| Homeownership Rate | 64.5% | 25.6% |
| Rent as Share of Income | 19.4% | 27.5% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.