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 Size

Housing Units by Size
Studio Type2.60%
One Bedroom16.30%
Two Bedrooms25.80%
Three Bedrooms33.10%
Four Bedrooms17.80%
Five Bedrooms or more4.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.19
Median year structure was built1956
Median Value of occupied units$189,300
Median Price asked for vacant units$128,600

Rented Homes, Apartments and Condos

Average Household Size1.65
Median year structure was built1961
Median Monthly Rent asked for vacant units$728

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.50%
Home Equity Loan9.20%
Simple Mortgage40.40%
Debt Free46.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.2%