Cape May Point, NJ Profile: Facts & Data

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Cape May Point, New Jersey - Basic Facts

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The Borough of Cape May Point had a population of 264 as of July 1, 2021. Cape May Point ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Cape May Point is located at latitude 38.9373 and longitude -74.9693 in Cape May County. The formal boundaries for the Borough of Cape May Point encompass a land area of 0.3 sq. miles and a water area of 0.02 sq. miles. Cape May County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

The Borough of Cape May Point has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Cape May Point: Sea Grove, Seagrove, Stites Beach.

Jump to... (On This Page!)
  1. Cape May Point 2021 Demographic Data
  2. Growth Rates for Cape May Point (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2021 Demographics
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Cape May Point, NJ Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 264 (100%)
Population in Households 264 (100.0%)
Population in Families 195 (73.9%)
Population in Group Quarters1 0
Population Density 895
Diversity Index2 12
 
 

INCOME

Median Household Income $53,452
Average Household Income $89,605
% of Income for Mortgage4 61%
Per Capita Income $51,251
Wealth Index5 156
 

HOUSING

Total HU (Housing Units) 624 (100%)
Owner Occupied HU 143 (22.9%)
Renter Occupied HU 8 ( 1.3%)
Vacant Housing Units 473 (75.8%)
Median Home Value $773,707
Average Home Value $787,063
Housing Affordability Index3 36
 

HOUSEHOLDS

Total Households 151
Average Household Size 1.75
Family Households 91
Average Family Size 2
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population -0.86% -1.0%
Households -0.73% -0.94%
Families -0.83% -0.89%
Median Household Income   2.58%
Per Capita Income   2.33%
Owner Occupied HU   -0.85%

Cape May Point, NJ - Peer Comparisons by Rank and Percentile

The table below compares Cape May Point to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 515 6th
Population Density # 439 20th
Median Household Income # 495 9th
Housing Affordability Index # 21 4th
Per Capita Income # 195 64th
Diversity Index # 515 6th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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