Home Insurance in West Cape May, New Jersey
The median home value in West Cape May is $751,100, 73% higher than the Cape May County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in West Cape May was built around 1976. About 35% of homes were built before 1960, about 9 points above Cape May County's 25%.
The housing stock in West Cape May is 87% single-family homes, 2% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 50% of owner-occupied homes in West Cape May have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
West Cape May has an owner-occupancy rate of 85% and a vacancy rate of 53%; unoccupied homes typically need a different coverage form.
71% of homes in West Cape May are primarily heated with natural gas.
FEMA rates Cape May County's overall risk as Relatively Moderate, led by coastal flooding (Very High). 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 | $751,100 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 50% |
| 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)