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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 16.30% |
| Two Bedrooms | 25.80% |
| Three Bedrooms | 33.10% |
| Four Bedrooms | 17.80% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 40.40% |
| Debt Free | 46.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.2% |
