HomeNew JerseyCape May CountyCape May city
Cape May city, New Jersey: commercial real estate data.
Cape May city is a Census city of 2,767 people across 2.47 square miles of land, in Cape May County. Median household income is $62,576, 64.5 percent of occupied homes are owned, and the SBA record carries 23 7(a) approvals to borrowers here worth $23.8 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Cape May
What Cape May is
- Census place typecity
- Land area2.47 sq mi
- Water area0.42 sq mi
- Population per square mile of land1,119
- County holding the largest share of its areaCape May County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cape May
How many people live in Cape May
- Population2,767
- Median age56.7
- Population under 18313 plus or minus 121
- Share under 1811.3 percent plus or minus 4.4
- Population 65 and over921 plus or minus 184
- Share 65 and over33.3 percent plus or minus 6.6
- Households1,438
- Family households823
- Share of households that are families57.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cape May
Income and work in Cape May
- Median household income$62,576 plus or minus $14,495
- Per capita income$71,810 plus or minus $22,226
- Civilian labor force1,199
- Employed1,158
- Unemployed41 plus or minus 33
- Unemployment rate3.4 percent plus or minus 2.7
- Adults 25 and over2,073
- Adults 25 and over with a high school diploma or higher97.3 percent
- Adults 25 and over with a bachelor degree or higher55.9 percent
- Adults 25 and over with a graduate degree23.3 percent plus or minus 6.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cape May
Housing in Cape May
- Housing units3,819
- Occupied units1,438
- Vacant units2,381
- Vacancy rate62.3 percent
- Owner occupied928
- Renter occupied510 plus or minus 127
- Ownership rate64.5 percent
- Median owner-occupied home value$863,900
- Median gross rent, monthly$1,013 plus or minus $454
- Annual rent as a share of median income19.4 percent plus or minus 9.8
- Single family units3,093
- Share single family81.0 percent
- Units in buildings of two or more726 plus or minus 209
- Share in buildings of two or more19.0 percent plus or minus 5.4
- Mobile homes0
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cape May
How Cape May gets to work
- Workers 16 and over who commute1,190
- Commuting under 15 minutes671 plus or minus 176
- Share commuting under 15 minutes56.4 percent
- Commuting 30 minutes or more154 plus or minus 84
- Share commuting 30 minutes or more12.9 percent plus or minus 6.6
- Drove alone70.4 percent
- Carpooled5.6 percent plus or minus 4.8
- Public transport0.5 percent plus or minus 1.1
- Walked5.8 percent plus or minus 3.5
- Worked from home11.4 percent plus or minus 5.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cape May
SBA loans in Cape May (7(a))
- Approvals23
- Gross approval$23,801,200
- Average approval$1,034,835
- Median approval$300,000
- Ninetieth percentile approval$3,262,500
- Largest approval$5,000,000
- Jobs supported395
- Jobs per approval17.2
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more30.4 percent
- Share to franchises8.7 percent
- Distinct lenders13
- Distinct industries by NAICS17
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cape May
SBA loans in Cape May (504)
- Approvals7
- Gross approval$5,824,000
- Average approval$832,000
- Median approval$718,000
- Largest approval$1,982,000
- Jobs supported69
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Cape May County, not Cape May
Cape May County context, not Cape May figures
These are Cape May County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Cape May measurements.
- Establishments in Cape May County3,816
- Employment at those establishments, Cape May County28,065
- Covered employment, Cape May County42,713
- Average annual pay, Cape May County$48,574
- Average weekly wage, Cape May County$934
- Housing units permitted, Cape May County895
- Of those, single family, Cape May County660
- County product, 2024, Cape May County$7,801,173,000
- County product change over the prior year, Cape May County5.2 percent
- Average income of an arriving household, Cape May County$141,294
Every figure in this section is published for Cape May County as a whole and is not a measurement of Cape May. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Cape May questions, answered from the record.
How many people live in Cape May, New Jersey?
2,767, in 1,438 households. Cape May city covers 2.47 square miles of land, which is 1,119 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Cape May in?
Cape May County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Cape May?
$62,576. The median owner-occupied home is valued at $863,900. Median gross rent is $1,013 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Cape May businesses?
23 7(a) approvals totalling $23.8 m, across 13 lenders, median approval $300,000, plus 7 504 approvals worth $5.8 m. These count approvals to borrowers whose address is in Cape May, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Cape May borrowers get paid back?
No rate is published for Cape May. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Cape May figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cape May County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Cape May.
Is zoning published for Cape May?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.