Margate City, NJ Real Estate
According to census data in the year 2000 there were 7,006 housing units in Margate City.
This represents a 4.2% growth from 6,726 in 1990.
Of those housing units, 7,006 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Margate City is about 74.2%.
Margate City's vacancy rate, including seasonal lodging, is about 43.1%.
Average household size is 2.06 people.
The majority of houses, apartments or condos in Margate City were built after 1958.
|Housing Units by Size|
|Five Bedrooms or more||4.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.19|
|Median year structure was built||1956|
|Median Value of occupied units||$189,300|
|Median Price asked for vacant units||$128,600|
Rented Homes, Apartments and Condos
|Average Household Size||1.65|
|Median year structure was built||1961|
|Median Monthly Rent asked for vacant units||$728|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||9.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.2%|