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Cape May County

Per Cent Home Renter

 
 
         
Over 90% 70 to 90 50 to 70 30 to 50 Under 30%

Overview

The map on the left shows the percentage of home renters in Cape May County. For households just getting started this is the most common housing option. Renting a home means ...

  • •  Greater flexibility in living options
  • •  Lower up-front costs than owning
  • •  No long-term commitment
  • •  No maintenance costs or repair bills
  • •  No real estate taxes

Base on various studies, neighborhoods with high percentages of rented homes tend to be more risky over time. Thereby creating a poorer environment for raising children, creating long term relationships and development of a stronger neighborhood (e.g. crime prevention and civic pride)

Sources: STI: PopStats

Owner/Renter Comparison


Data Topic Cape May County  New Jersey  Nation 
Total Population 94,7529,430,819340,981,027

Housing

Owner Occupied 31,9152,225,64384,315,969
Renter Occupied 8,8601,259,73646,128,534
Vacant 46,968297,90413,710,083
Total Housing 87,7433,783,283144,154,586

Per Cent Housing

Owner Occupied 36.3758.8358.49
Renter Occupied 10.1033.3032.00
Vacant 53.537.879.51