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.
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:
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.