08202 — Cape May County, New Jersey Market Snapshot
Housing market data for zip code 08202 in Cape May County, New Jersey. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 6 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Cape May County county page for broader data.
Market Sales Data
6 sales in 2026 (year to date)
Median Sale Price
$2,098,750
Days to Sell
10
Homes Sold
6
Inventory
7
Jumbo Loan Likely Needed
The median home in 08202 at $2,098,750 exceeds the 2026 conforming loan limit of $832,750 by $1,266,000. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
08202 is an extremely competitive market with homes selling in just 10 days on average. Buyers need pre-approval letters ready before making offers.
Conforming Loan Feasibility
The median home in 08202 at $2,098,750 exceeds the 2026 conforming loan limit of $832,750 by $1,266,000. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 08202 are set at the county level.
2026 Loan Limits — Cape May County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $730,250 |
| 2 Units | $1,066,250 | $934,850 |
| 3 Units | $1,288,800 | $1,130,000 |
| 4 Units | $1,601,750 | $1,404,350 |
Affordability Snapshot — Zip 08202
To purchase the median home at $2,098,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $16,230.
Monthly Payment
$16,230
Income Required
$695,569
Principal & Interest
$12,932/mo
Down Payment (5%)
$104,938
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08202.
Estimated Monthly Payment
$13,139
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 08202.
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