NJShore Guide

08202 Real Estate

Avalon Housing Market

$3.4MMedian Price
45Listings
97Days on Market

Avalon Housing Market (08202)

The Cape May County real estate market is gaining momentum. With a median asking price of $3.40 million and homes averaging 97 days on market, competition is building. Well-priced properties in prime locations are drawing multiple offers.

This is one of the most expensive shore markets, with prices running about 325% above the shore-wide median. Expect luxury properties and premium beach access.

Winter is typically the slowest season for shore real estate. Serious sellers may be more flexible on price during these months.

Price Trends (24 Months)

$3.0M$3.3M$3.6M$3.8M$4.1MFeb '24Jun '24Oct '24Feb '25Jun '25Oct '25Jan '26
Median List Price
Latest: $3.4M

Current Market Snapshot

Median Price
$3.40M
+10.6%YoY
Active Listings
45
Days on Market
97
Monthly Change
-0.4%

Compared to Cape May County

ZIP Median Price
$3.4M
County Median
$800K
Difference
+324.9%above county avg

Market Health Indicators

Price Trend
+10.6%
Days on Market
97 days
Inventory
45

About Avalon

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

Avalon

Try Before You Buy in Avalon

Considering a move to 08202? Rent a vacation home first to experience the neighborhood and lifestyle before committing.

Browse Vacation Rentals

Investment Potential

Investment Calculator

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

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10%$680K50%
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Peak summer week rate

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Annual Summary

Gross Rental Income$122,400
Est. Expenses (30%)-$36,720
Net Rental Income$85,680
Annual Mortgage-$217,091
Property Tax (est.)-$61,182
Annual Cash Flow$-192,593
Cap Rate
0.7%
Cash-on-Cash
-28.3%

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 City08248Strathmere08243Sea Isle City08247Stone Harbor08260Wildwood08204Cape May

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08202 Real Estate FAQs

What is the median home price in Avalon (08202)?
The current median list price in Avalon (ZIP 08202) is approximately $3399K. 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.
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