The housing market in Margate, FL is thriving, with a median home value of $300,200 – significantly higher than the US house median of $338,100. What’s more impressive is that in the last year alone, the appreciation of houses in Margate has been 17.45%, more than double the national rate of 8.27%. This indicates that Margate is an excellent place to buy a property for investment or personal use and residents can expect to see their investments increase in value over time.
The median home cost in Margate is $300,200. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Margate is up 26.6%.
Average Age of Homes
- The median age of Margate real estate is 39 years old
The Rental Market in Margate
- Renters make up 20.2% of the Margate population
- 1.8% of houses and apartments in Margate, 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.