What is the median home price in Avalon (08202)?

The current median list price in Avalon (ZIP 08202) is approximately $3315K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.

Is Avalon a good place to buy a shore home?

Avalon offers its own unique character within Cape May County. Consider factors like beach access, local amenities, commute times, and rental potential. Many buyers rent in the area first to experience the community before purchasing.

How long do homes stay on the market in 08202?

Days on market in Avalon varies seasonally. Summer listings often move faster due to higher buyer activity. Check the current market metrics above to see how quickly homes are selling in this area right now.

Can I rent out my property in Avalon?

Rental regulations in Avalon depend on local ordinances. Some shore towns welcome short-term vacation rentals while others restrict them. Contact the local municipality for current rental permit requirements and restrictions.

What are the flood insurance costs in 08202?

Flood insurance costs in Avalon depend on the property's elevation, flood zone designation, and whether the structure has been elevated. Properties in high-risk zones (A or V zones) require flood insurance for federally-backed mortgages.

Avalon Real Estate

Cape May County Offers Buyer Opportunities

$3.3MMedian Price

56Listings

74Days on Market

Avalon Housing Market

Avalon has one of the highest median prices in New Jersey's coastal market at $3.4 million. The buyer profile barely overlaps with the rest of the shore: finance professionals, corporate executives, families with multi-generational estates. The lack of a boardwalk is not a drawback for this buyer. Avalon made that call decades ago, choosing wide, dune-protected beaches and strict zoning over commercial density, and the value has compounded accordingly. Dune preservation ordinances restrict where new structures can be built, so supply is effectively capped. At 97 days on market, Avalon moves slowly -- not because demand is soft, but because buyers at this price point take their time. Price correctly and it sells. Most buyers are cash-heavy, and the rental market, while active, is secondary to long-term ownership value. Prices here do not track the broader shore market closely.

Summer is peak season for shore real estate activity. Expect competition for beachfront and ocean-view properties as seasonal buyers are most active.

Price Trends (24 Months)

Median List Price

Latest: $3.3M

Current Market Snapshot

Median Price

$3.31M

-11.2%YoY

Active Listings

Days on Market

Monthly Change

+1.3%

Compared to Cape May County

ZIP Median Price

$3.3M

County Median

$924K

Difference

+258.8%above county avg

Market Health Indicators

Price Trend

-11.2%

Days on Market

74 days

Inventory

About Avalon

Avalon is a shore community in Cape May County. Learn more about beaches, attractions, dining, and events.

Avalon

Try Avalon Before You Buy

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Investment Potential

Investment Calculator

Estimate your potential returns if you rent out your Avalon property during summer months.

Purchase Price

Down Payment: 20%

10%$663K50%

Interest Rate: 7%

Weekly Rental Rate

Peak summer week rate

Weeks Rented/Year: 12

4 wks20 wks

Annual Summary

Gross Rental Income$118,800

Est. Expenses (30%)-$35,640

Net Rental Income$83,160

Annual Mortgage-$211,726

Property Tax (est.)-$59,670

Annual Cash Flow$-188,236

Cap Rate

0.7%

Cash-on-Cash

-28.4%

Investment Outlook

Challenging as pure investment. Negative cash flow means you would need other income or appreciation to justify. Better suited as a vacation home with some rental offset.

* Estimates only. Consult a financial advisor and research local rental regulations. Expenses estimate includes insurance, maintenance, management, and vacancy.

Nearby ZIP Codes

08226Ocean City 08248Strathmere 08243Sea Isle City 08247Stone Harbor 08260Wildwood 08204Cape May

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Avalon Real Estate FAQs

Why are Avalon home prices so high?

Avalon sits on a narrow barrier island with no space for expansion. Strict zoning and dune preservation ordinances limit what can be built and where, so supply has been effectively capped for decades. Demand from high-income buyers has grown while supply has not. That combination drives prices to a $3.4M median.

Is Avalon a family beach town?

Yes, though a specific type of family. Avalon has wide beaches, a quiet residential character, good restaurants, and a tight-knit seasonal community. There is no boardwalk by design -- that is part of the appeal for buyers who prefer a lower-density environment.

How is the rental market in Avalon?

Avalon has a strong summer rental market with peak-week rates among the highest in New Jersey. Most owners use properties personally but rent for some portion of the season. The rental market is secondary to ownership value for most buyers at this price point, but income is available for those who want it.

What types of properties are available in Avalon?

Avalon has a mix of older ranch-style homes, newer construction, and some large custom builds. Many older homes have been replaced with larger structures at the allowable zoning envelope. Oceanfront and ocean-view properties command significant premiums. Bay-side homes offer lower entry prices.

How does Avalon compare to Stone Harbor?

Avalon is larger, has a wider beach, and a slightly more varied commercial area. Stone Harbor is smaller and more intimate. Avalon typically runs higher on median price, though the gap varies. Both attract a similar buyer profile. The choice often comes down to personal preference and available inventory.

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