Margate City First-Time Homebuyer Report for October

Margate City is much younger than the rest of New Jersey, with a median age of 54. It's less affluent than average as well, with a median income of $56,775 per household. Detached homes and condo/townhouses account for an equal amount of the area's current housing market. Heading the list of top schools in the city is Marine Academy Sci & Tech.

Price Range

Margate City has some of the more expensive homes in the state with a median home value of $393,700 and a current average list price of $503,121.

Make sure you take a look at these eye-catching homes in Margate City that generated the most views from potential buyers:

$209K   $294K   $549K  

Typical Dwelling

The typical dwelling in Margate City is a four-bedroom detached home worth about $770,400. To purchase a similar home, a buyer with good credit and a $154,080 cash down payment could obtain a mortgage with a 3.95% interest rate and a $834 monthly payment. The property tax rate is $23.44 per $1,000 of taxable assessed value.

Get started right now by checking out Margate City homes for sale or reviewing Margate City real estate trends.


Data reported through 10/13/2016

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Berkshire Hathaway Home Services Fox and Roach Realtors
Snapped 13 homes in this area
C/21 Action Plus Realty
Snapped 1 home in this area
Berkshire Hathaway HomeServices Fox & Roach Realtors
Snapped 1 home in this area

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