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Margate City, NJ—08402

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,128,000
9.1% YoY Growth
Household Income
$114,000
44.1% YoY Growth
Days on Market
71
22.0% Longer YoY
Home Price Forecast
3.4%
Median Rent
$2,500
1.3% YoY Growth
1-Bed Rent
$1,850
6.8% YoY Growth
2-Bed Rent
$2,100
14.1% YoY Growth
3-Bed Rent
$2,500
14.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Margate City, NJ

As of May '26, the median home price in Margate City, NJ is $1,128,000, with a year-over-year change of 9.1%. This indicates that home prices in Margate City, NJ are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,128,0009.1%
Single Family $1,360,0008.6%
Condos $612,0008.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $379,000
    1.9%
    2 Bed
    		$698,0008.7%
    3 Bed
    		$1,070,0005.9%
    4 Bed
    		$1,423,0006.0%
    5 Bed $2,406,2126.9%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    11.3%
    2 Bedrooms
    21.0%
    3 Bedrooms
    23.8%
    4 Bedrooms
    28.5%
    5+ Bedrooms
    13.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    1 Bedroom
    53.9%
    2 Bedrooms
    21.2%
    3 Bedrooms
    10.0%
    4 Bedrooms
    14.9%

    Property Listings — Margate City, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Margate City, NJ is 71. This is a increase of 22.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,320,000-8.0%
    Listing Count
    		1321.0%
    Listings as % of Homes1.6%1.0%
    Days on Market
    		7122.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio7.3
    Median Home Price$1,128,000
    Median Household Income$114,000

    Margate City, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    08406

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    08403

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    08225

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    08221

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