Cape May, as the oldest seaside resort in the U.S., combines Victorian charm with family-friendly amenities, attracting a diverse audience including couples and families. With summer rental prices averaging $504 per night, property investments promise substantial returns. A typical homeowner can cover 85% of their mortgage with seasonal rentals, and additional bookings could lead to full coverage. The market is particularly appealing to small investors, making up a significant portion of property purchases in the area due to its manageable nature and profitable potential.
The nation's oldest seaside resort, Cape May, delivers Victorian charm wrapped in beachfront appeal, making it a favorite for couples and families alike.
Small investors, defined as those who've bought fewer than 10 properties, accounted for 59.2% of investor activity in 2024, as Cape May attracts this group with manageable purchases.
Collection
[
|
...
]