Construction Value
$5.9M ▲ 22.3%
Units Permitted
14 ▼ 12.5%
Avg Value / Unit
$423K
2024 · Census Bureau Building Permits Survey
Construction activity in Cape May Point slowed in 2024, down 12.5% from the prior year with 14 housing units permitted. At $423K per unit, new builds are running 28% above the Cape May County average of $332K, pointing to higher-end construction. Volume is still modest compared to neighboring towns (69% fewer units than the county average of 45), but the investment per project is strong. All permits were for single-family homes.
Housing Mixi
Development Densityi
Units per building permitted
All construction is single-family detached homes.
Construction Intensityi
$19K
per resident
County avg: $39K-50%
$20.4M
per square mile
Cape May Point vs. Cape May County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 14 | 14 | $5.9M | 100% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 0 | 0 | — | 0% |
County Ranking by Construction Volume
Among 15 permit-issuing towns in Cape May County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →