Cape May Point is a borough located at the tip of the Cape May Peninsula in Cape May County, in the U.S. state of New Jersey. The borough, and all of Cape May County, is part of the Ocean City metropolitan statistical area, and is part of the Philadelphia-Wilmington-Camden, PA-NJ-DE-MD combined statistical area, also known as the Delaware Valley or Phil…Cape May Point is a borough located at the tip of the Cape May Peninsula in Cape May County, in the U.S. state of New Jersey. The borough, and all of Cape May County, is part of the Ocean City metropolitan statistical area, and is part of the Philadelphia-Wilmington-Camden, PA-NJ-DE-MD combined statistical area, also known as the Delaware Valley or Philadelphia metropolitan area. As of the 2020 United States census, the borough's population was 305, an increase of 14 from the 2010 census count of 291, which in turn reflected an increase of 50 from the 241 counted in the 2000 census. The summer population can reach 4,500.