ž50% of all
second homes in New Jersey are located in Cape May County.
žRental income was $1.7 Billion in 2010.
ž47% of all dwellings in CMC are ‘second homes’.
ž51% use it as a
vacation home only.
ž44% use it for both vacation home & income
property.
žSecond
homeowners come to CMC on average 10 times per year.
ž41% come during the winter months.
ž70% come during the Spring and Fall.
ž56% live in Pennsylvania.
ž63% are 55 or over – Baby Boomers
ž66% have an annual household income of $100k plus.
