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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Cape May Point, NJ Housing Affordability Index

Cape May Point, New Jersey has an MBR Housing Affordability Index score of 61.8 (Significantly Less Affordable) as of October 30, 2026, ranking 438th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $1,050,000 home with 20% down, a jumbo loan at 7.52% means a monthly principal and interest payment of about $5,883, or 82% of the city’s $86,125 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cape May Point is updated every night from live New Jersey mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Cape May Point MBR-HAI 61.8 Significantly Less Affordable
Rank in New Jersey 438 of 455 1 = most affordable
New Jersey 83.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New Jersey lenders
Median home value $1,050,000 U.S. Census Bureau

Cape May Point is 21.7 points below the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View Cape May Point Mortgage Rates

What It Takes to Buy in Cape May Point

$5,883/mo
Principal & Interest
Median home, 20% down, 7.52% jumbo
$252,100
Income Needed
To keep the payment at 28% of income
$86,125
Median Household Income
New Jersey: $103,556
12.2x
Price-to-Income Ratio
New Jersey: 4.4x
$1,348/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,579/yr
Median Property Tax
0.44% of median value
40.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
49.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Cape May Point, New Jersey. The rate is the New Jersey average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

Cite the Cape May Point Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cape May Point, New Jersey score: 61.8 (Significantly Less Affordable), ranked 438 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/cape-may-point”