Margate City, NJ—08402
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Margate City, NJ
As of Oct '25, the median home price in Margate City, NJ is $1,038,000, with a year-over-year change of 5.6%. This indicates that home prices in Margate City, NJ are increasing. According to Zillow, the 1-year price projection is 6.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,038,000 | 5.6% |
| Single Family | $1,232,000 | 4.3% |
| Condos | $570,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $362,000 | -0.8% |
2 Bed | $671,000 | 2.9% |
3 Bed | $989,000 | 4.5% |
4 Bed | $1,329,000 | 4.3% |
| 5 Bed | $2,253,000 | 4.8% |
% of Housing Stock
Rental Trends — Margate City, NJ
As of July '25, Rentcast reports the average rent in Margate City, NJ is $3,840, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Margate City, NJ is studios: $3,120, 1-bedrooms: $3,590, 2-bedrooms: $3,560, 3-bedrooms: $4,300, 4-bedrooms: $4,480. The most common rental property sizes in Margate City, NJ are 1-bedroom and 2-bedroom, accounting for 53.9% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,840 |
| Studio Rent | $3,800 | $3,120 |
| 1 Bed Rent | $1,850 | $3,590 |
| 2 Bed Rent | $2,100 | $3,560 |
| 3 Bed Rent | $2,500 | $4,300 |
| 4 Bed Rent | $2,800 | $4,480 |
% of Rental Stock
Property Listings — Margate City, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Margate City, NJ is 77. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,360,000 | -13.0% |
Listing Count | 125 | 14.0% |
| Listings as % of Homes | 1.6% | 14.0% |
Days on Market | 77 | 38.0% |
Demographics — Margate City, NJ
As of the latest ACS Survey released in 2023, Margate City, NJ has a population of 5,260, which has decreased by -13.4% over the past 5 years. Margate City, NJ is a less popular place for families, as children make up 14.3% of the population. The area has a highly educated workforce, with 60.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,260 | -13.4% |
% Under 18 | 14.3% | 49.0% |
% Seniors | 36.2% | -7.2% |
% WFH | 17.1% | 116.5% |
% w/ College Degree | 60.1% | 21.7% |
As of the latest ACS Survey released in 2023, Margate City, NJ is a predominantly white area, with 94.4% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Margate City, NJ is asian, making up 2.3% of the population. Foreign-born residents account for 5.5% of the population in Margate City, NJ, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.4% | 2.9% |
% Black | 0.1% | -94.7% |
% Hispanic | 1.9% | -24.0% |
% Asian | 2.3% | 43.8% |
% Foreign Born | 5.5% | -16.7% |
Mortgage and Risk — Margate City, NJ
According to HUD data as of 2023, there were 286 mortgage originations in Margate City, NJ, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Margate City, NJ. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 52.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Margate City, NJ
As of 2024, the percent of homes in Margate City, NJ under the Section 8 program is 29.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Margate City, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 29.0% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,850 | $1,600 |
| 2 Bedroom | -$150 | $2,100 | $1,950 |
| 3 Bedroom | $230 | $2,500 | $2,730 |
| 4 Bedroom | $210 | $2,800 | $3,010 |
Affordability — Margate City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $1,038,000 |
| Median Household Income | $114,000 |