The Market
Why Cape May is One of the World's Premier STR Markets
Cape May is America's oldest seaside resort — vacationers have been coming to the tip of New Jersey since the 1760s — and the whole town is a National Historic Landmark, with around six hundred preserved Victorian buildings crowding its gaslit streets. This is the bed-and-breakfast capital of the Jersey Shore: gingerbread porches on Hughes Street, Congress Hall pouring cocktails on the lawn since 1816, a working fishing fleet at the Lobster House, and a beach that families have booked by the week for generations. The guest here pays some of the highest nightly rates in the mid-Atlantic and books on atmosphere — the turret, the porch, the walk to the Washington Street Mall. That makes Cape May a presentation market to its bones, whether you own a two-bedroom cottage, a Beach Avenue condo or a twelve-room Victorian inn.
The season is classic Jersey Shore — Memorial Day through Labor Day carries the year, with July and August weekly bookings doing the heavy lifting — but Cape May has the best shoulder story on the shore. September's ocean is warm and the crowds are gone; October brings Victorian Weekend and one of the great birding spectacles in North America, when hawks, monarchs and songbirds funnel over Cape May Point by the hundred thousand; and December fills the inns for candlelight house tours and Congress Hall's Christmas season. Blended nightly rates run around $525 — among the highest on the East Coast — with occupancy near 51% across the year. The town's inventory splits between whole-home rentals, many still booked Saturday to Saturday through local realtors, and several dozen inns and B&Bs whose entire business is presentation and repeat guests.
Top Attractions & Landmarks
- Congress Hall
- Cape May Lighthouse
- Washington Street Mall
- Emlen Physick Estate
- Sunset Beach & the SS Atlantus wreck
- Cape May Bird Observatory
- Beach Avenue promenade
Nearby Markets: Philadelphia | Baltimore | Virginia Beach