Housing market/New Jersey/ZIP 08251
ZIP 08251 Villas, Cape May County, New Jersey
Cape May County, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 08251 · NJ — sent to you.
ZIP 08251 · NJ
ACS rent vs 2BR SAFMR
ZIP 08251 — Villas, NJ HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 08251
- 1-unit detached6,37494.9%
- 1-unit attached1111.7%
- 2–4 units600.9%
- 5–49 units1041.5%
- Mobile671.0%
2–4 unit share 0.9% · 5–49 unit share 1.5% · combined 2–49 2.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,468 (all bedrooms, occupied rentals).
- Median contract rent $1,163.
- Renters paying ≥30% of income 49.1%; ≥50% 41.9%.
- FY2027 2BR SAFMR $2,050 (1.396× ACS median gross rent).
Population
10,360 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +10.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 20 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 08251 13.9% of occupied households are renters; vacancy is 29.0%; ACS median gross rent is $1,468; population increased +10.5% between the 2018 and 2023 ACS vintages; the housing stock includes 60 units in 2–4-unit structures and 104 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,050 versus ACS median gross rent of $1,468. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New Jersey research
ZIP 08251 is a Census / HUD profile for Cape May County, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 08251 — Villas, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 08251?
ZIP 08251 (Cape May County, NJ HUD Metro FMR Area) has 10,360 residents, 4,767 households, a renter share of 13.9%, median household income of $76,433, and ACS 2023 median gross rent of $1,468. Vacancy is 29.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 08251?
ACS counts 0 units in 2-unit buildings, 60 in 3–4 unit buildings, 24 in 5–9, 80 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 164 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 08251?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,050. See the full schedule and 90–110% payment-standard band on the ZIP 08251 — Villas, NJ HUD Section 8 Payment Standards / SAFMR.
Does this New Jersey ZIP profile include Georgia listings?
No. ZIP 08251 is Census / HUD research for Cape May County, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.