"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."
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.
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