ZIP Code 08242 Demographics

Cape May County, New Jersey  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 08242 compared to county averages.

Total Population

3,726

↓ 96.1% vs county

Median HH Income

$88,853

↑ +5.9% vs county

Median Home Value

$314,700

↓ 15.5% vs county

Median Age

51.8 yrs

↓ +1.8% vs county

Unemployment Rate

18.0%

↓ +182.9% vs county

Income & Housing Comparison

How ZIP 08242 compares to Cape May County and New Jersey overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 08242 $89k Cape May $84k New Jersey $97k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 08242 $315k Cape May $372k New Jersey $401k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

10.6%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

73.9%

of occupied housing units are owner-occupied

Median Gross Rent

$1,704

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 08242 using local Census metrics.

Median Home Value$314,700
Down Payment (20%)$62,940
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,998P&I: $1591 | Tax: $315 | Ins: $92
Rent (Local Median)
$1,704
Renting is CheaperRenting is estimated to save you $294/month compared to buying costs.

How Does 08242 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 08242 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 08242, sorted by distance.

08204 3.5 mi away cape may county 08212 6.7 mi away cape may county 19958 24.9 mi away sussex county 19971 25.5 mi away sussex county

About Cape May County

Cape May County is located in New Jersey and has a total population of 95,456. The county's median household income is $83,870 and median home value is $372,300. ZIP code 08242 is one of many ZCTAs within this county.

View all ZIP codes in Cape May County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.