Zip 08402 (Margate City, NJ) Housing

The housing market in 08402 Margate City, NJ is strong compared to the national market. The median house value in this area is $742,800- over twice the US median of $338,100. This substantial difference reflects how desirable and expensive it can be to live in the 08402 Margate City area. Additionally, the 1 year house appreciation rate here is 16.77%, far higher than the US average of 8.27%. This data indicates that housing prices continue to rise in this area and could potentially provide financial benefits for those who purchase property here.

The median home cost in Margate City (zip 08402) is $742,800. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Margate City (zip 08402) is up 18.3%.

Average Age of Homes

- The median age of Margate City (zip 08402) real estate is 55 years old

The Rental Market in Margate City (zip 08402)

- Renters make up 10.7% of the Margate City (zip 08402) population
- 0.6% of houses and apartments in Margate City (zip 08402), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Margate City, New Jersey	United States
	6,888.0	139,647,020.0
	57	42
	$742,800	$338,100
	18.3%	16.6%
	66.4%	57.0%
	60.3%	101.1%
	$28.63	$10.98
	$7,066	$2,690
	33.2%	57.4%
	61.5%	11.2%
	5.3%	31.4%
Vacant Housing
	0.6%	1.9%
	0.1%	0.4%
	1.2%	0.7%
	0.9%	0.4%
	56.9%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	1.2%	2.4%
	0.7%	2.8%
	2.1%	3.9%
	0.0%	4.5%
	4.5%	11.3%
	2.4%	13.0%
	7.5%	20.1%
	16.5%	13.6%
	13.2%	8.3%
	22.7%	9.7%
	15.9%	3.9%
	8.0%	2.2%
	1.6%	0.8%
	2.5%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	2.4%	13.6%
	8.9%	13.2%
	14.4%	14.8%
	2.4%	13.6%
	22.6%	10.0%
	5.9%	4.7%
	15.0%	12.2%

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