Lisa, the Delaware Bayfront will offer a wide variety of options for a second home. You can find small bayfront cottages in North Cape May for around 600k to 5000 square foot estate homes nestled in the private dunes of Cape May Beach for 2m. If your idea of a rental is whether or not they will be appealing as a rental, my answer would be 'yes'. Anything on, or within a couple blocks of the bay will be of interest to Weekly Summer Tenants. The season in this area, though, will be mostly between July & August. The Bay is a very popular area for pet lovers as well, so making your property available to them will be a plus. If your idea of investment relates to appreciation, then I would agree that there are other 'higher demand' areas where we may see the market rebound quicker. But if you are looking mainly for your own use, and have a long term outlook, I would say that the Bay Areas are a great option to get more for your $ than you'll ever find in the Barrier Islands. One thing to note is the fact that once you get above Townbank, you will see limited access to the beach. It will be only every so many blocks, whereas North Cape May and Townbank have no properties located actually 'on' the dunes, so access is no problem. Also, the beaches will widen gradually as you get further south towards the Ferry. As you head north through Cape May Beach, Villas and Del Haven, the bay will get quite narrow - often disapearing at high tide. Good Luck!