Home Insurance in Cape May Point, New Jersey
The median home value in Cape May Point is $1,050,000, 142% higher than the Cape May County median.
The typical home in Cape May Point was built around 1967. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 47% of homes were built before 1960, about 21 points above Cape May County's 25%.
Housing in Cape May Point breaks down to 95% single-family homes and 2% mobile or manufactured homes.
About 28% of owner-occupied homes in Cape May Point have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 98% of occupied homes in Cape May Point are owner-occupied. The vacancy rate is 87%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Cape May Point, 57% of homes are primarily heated with natural gas.
Cape May County's top FEMA-rated hazard is coastal flooding (Very High), per FEMA's National Risk Index. Cape May County had 47,361 active NFIP flood policies as of September 2026. See the full Cape May County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New Jersey carries a statewide average premium of $1,551 per year.
Key figures
| Median home value | $1,050,000 |
|---|---|
| Median year built | 1967 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 28% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Cape May County | 47,361 |
| Home insurance premium | $1,551 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)