Cape Cod Times
by Zane Razzaq
April 1, 2025
Cape Cod residents are in a housing logjam. Aspiring homeowners who grew up on Cape Cod can’t afford a house — or are faced with a fixer-upper without the spare money for a renovation — and older residents are stuck in houses they’ve outgrown.
The median household income in all 15 Cape Cod towns falls short of the six-figure amount needed to comfortably purchase a median-priced home here, according to data culled by the Cape Cod Commission published earlier this year.
In Chatham — one of the more expensive towns on the Cape — households need to earn $303,803 annually to affordably own a house, stretching beyond the town’s median income of $86,674.
The median home sales price in 2023 was $1,050,000, according to the commission.
