Margate, FL—33063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Margate, FL
As of Oct '25, the median home price in Margate, FL is $292,000, with a year-over-year change of -7.8%. This indicates that home prices in Margate, FL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | -7.8% |
| Single Family | $432,000 | -4.8% |
| Condos | $141,000 | -14.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $102,000 | -15.7% |
2 Bed | $202,000 | -10.6% |
3 Bed | $461,000 | -4.8% |
4 Bed | $555,000 | -3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Margate, FL
As of July '25, Rentcast reports the average rent in Margate, FL is $2,160, with a year-over-year rent change of -9.6%. Per bedroom, the median rent as of July '25 in Margate, FL is 1-bedrooms: $1,610, 2-bedrooms: $1,980, 3-bedrooms: $3,110, 4-bedrooms: $4,110. The most common rental property sizes in Margate, FL are 2-bedroom and 1-bedroom, accounting for 49.6% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,610 |
| 2 Bed Rent | $1,900 | $1,980 |
| 3 Bed Rent | $3,220 | $3,110 |
| 4 Bed Rent | $3,750 | $4,110 |
% of Rental Stock
Property Listings — Margate, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Margate, FL is 86. This is a increase of 20.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $196,000 | -3.0% |
Listing Count | 574 | 14.0% |
| Listings as % of Homes | 1.0% | 14.0% |
Days on Market | 86 | 20.0% |
Demographics — Margate, FL
As of the latest ACS Survey released in 2023, Margate, FL has a population of 55,500, which has increased by 1.1% over the past 5 years. Margate, FL is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,500 | 1.1% |
% Under 18 | 17.0% | 2.4% |
% Seniors | 23.0% | 3.6% |
% WFH | 10.5% | 176.3% |
% w/ College Degree | 27.8% | 24.7% |
As of the latest ACS Survey released in 2023, Margate, FL is a predominantly white area, with 34.5% of the population identifying as white. The white population has shrunk by 20.9% in the last 5 years. The second most common race or ethnicity in Margate, FL is hispanic, making up 28.6% of the population. Foreign-born residents account for 35.8% of the population in Margate, FL, and this percentage has increased by 5.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.5% | -20.9% |
% Black | 28.1% | 21.1% |
% Hispanic | 28.6% | 5.5% |
% Asian | 3.9% | -4.9% |
% Foreign Born | 35.8% | 5.9% |
Mortgage and Risk — Margate, FL
According to HUD data as of 2023, there were 1063 mortgage originations in Margate, FL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Margate, FL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,063 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Margate, FL
As of 2024, the percent of homes in Margate, FL under the Section 8 program is 3.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Margate, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 214 |
Total Units Section 8 | 214 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,600 | $1,840 |
| 2 Bedroom | $380 | $1,900 | $2,280 |
| 3 Bedroom | -$70 | $3,220 | $3,150 |
| 4 Bedroom | $80 | $3,750 | $3,830 |
Affordability — Margate, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $292,000 |
| Median Household Income | $62,900 |