Avalon, New Jersey.
Typical home $2,826,412 (+8.1% in a year). Ocean City, NJ metro.
to buy the typical home at today's mortgage rate — +$9,221 (+164%) since Jan 2020.
- 1 year
- Up $211,132 +8%
- $2,615,280$2,826,412 since Sep 2025
- 5 years
- Up $576,025 +26%
- $2,250,387$2,826,412 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Avalon$14,835
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Avalon, NJ rose 8.1% over the past year — faster than the nation's +1.2%.
Living in Avalon, Cape May County, New Jersey
Avalon is a borough of 1,243 people in Cape May County. Half its households earn more than $139,167 a year and half less, against $91,128 across Cape May County; 5% of its people live below the poverty line. 93% of its homes are lived in by their owners and 7% are rented. Unemployment in Cape May County was 5.5% in August 2026, and the county had 1.4% more jobs in 2025 than the year before. The most residents work in professional services, then finance and property.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Avalon is a small borough on Seven Mile Island, and its residents are older than in most American towns. Nearly everyone owns their home, and those homes are worth far more than is typical, with household incomes well above the county's. Most adults hold a four-year degree, and a good number work from home. Winters are cold, with January the coldest month, and summers are warm, with July the warmest.
Work. Residents work mostly in professional and business services, in banks, insurance and property, in schools, hospitals and social care, and in restaurants, hotels and entertainment. Across Cape May County, the largest workplaces include Cape Regional Medical Center and several school districts, among them Middle Township Public School District. Unemployment across the county is lower than a year ago, and the county has gained a few more jobs.
Things to do. Seven Mile Island is in or beside town, and its beach is the natural place to start. A short drive away are the Stone Harbor Bird Sanctuary, a protected area, and Cape May County Park & Zoo. Morey's Piers, an amusement park, is also a short drive away.
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- 786households
- 71%of adults have a degree
- 5%below the poverty line
- 25 mintypical commute
- 34%work from home
What residents work in
Employed residents by industry, from the Census survey. Cape May County had 43,316 jobs in 2025, 1.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 46° and lows near 25°; warmest in July, with highs near 88° and lows near 66°.
Average daily high and low, 1991–2020, at the Belleplain Station Forest weather station, 12 miles away (NOAA).
Largest workplaces in Cape May County
- Cape Regional Medical CenterGeneral hospital674FTE
- Middle Township Public School DistrictSchool district465FTE
- WalmartWarehouse clubs and supercenters439
- Ocean City School DistrictSchool district408FTE
- Lower Township Elementary School DistrictSchool district380FTE
- Upper Township School DistrictSchool district251FTE
- Cape May County Special Services School DistrictSchool district232FTE
- Shelter Haven HospitalityHotels with golf courses, tennis courts, and/or other health spa facilities226
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 61 workplaces with 20 or more staff, 4,373 people in all across the county; Avalon has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Coastal floodingVery high
- Strong windVery high
- Inland floodingVery high
- HurricanesRelatively high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Avalon’s census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cape May County and the Ocean City, NJ metro.
Avalon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Avalon$2,826,412
- New Jersey$575,123
- United States$366,157
Sellers are cutting prices on about 1 in 6 Avalon listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Avalon16.98%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Avalon47
New listings per month
Sellers arriving at the market.
- Avalon13
Zip codes with a Avalon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Avalon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.