Margate City, NJ is a desirable location for those looking for homes, due to its high median housing value of $742,200 compared to the US median of $338,100. Over the past year there has been an impressive 16.77% appreciation in housing prices in Margate City, compared to the US average of 8.27%. This shows that residents of Margate City are seeing a more significant increase in their home values than other parts of the country. With such a positive trend in housing values, it's no surprise that people are flocking to this city for their next move.
The median home cost in Margate City is $742,200. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Margate City is up 18.3%.
Average Age of Homes
- The median age of Margate City real estate is 55 years old
The Rental Market in Margate City
- Renters make up 10.7% of the Margate City population
- 0.6% of houses and apartments in Margate City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.