Median real estate prices in the City Center of Margate City are $396,622, which is more expensive than 69.5% of the neighborhoods in New Jersey and 86.0% of the neighborhoods in the U.S.

Average rental prices in Margate City City Center are currently $870, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 89.4% of New Jersey neighborhoods.

Margate City City Center is an urban neighborhood (based on population density) located in Margate City, New Jersey. This is a coastal neighborhood (i.e., is on the ocean or along a tidally-influenced river).

Real estate in the City Center of Margate City, NJ is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1994.

Vacant apartments or homes are a major fact of life in Margate City City Center. The current real estate vacancy rate here is 33.3%. This is higher than the rate of vacancies in 95.7% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Margate City City Center is a neighborhood that is on the ocean or a tidally influenced river. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Margate City City Center is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, despite all of the residential real estate here in the Margate City City Center neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 33.3%, which is higher than 95.7% of all U.S. neighborhoods.

Did you know that the Margate City City Center neighborhood has more Russian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.3% of this neighborhood's residents have Russian ancestry and 1.3% have Romanian ancestry.

Margate City City Center is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily speak Yiddish at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the City Center neighborhood in Margate City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.4% of the neighborhoods in America. In addition, 5.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 56.2% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place. In the Margate City City Center neighborhood, 38.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 36.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.0%), and 6.8% in government jobs, whether they are in local, state, or federal positions.

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior - comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures. In the City Center neighborhood in Margate City, NJ, residents most commonly identify their ethnicity or ancestry as Irish (18.3%). There are also a number of people of Italian ancestry (16.6%) , and residents who report Russian roots (10.3%) , and some of the residents are also of German ancestry (6.7%) , along with some Polish ancestry residents (6.7%), among others.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Margate City City Center neighborhood is English, spoken by 89.2% of households. Other important languages spoken here include Spanish and Italian.

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Margate City City Center neighborhood spend under 15 minutes commuting one-way to work (33.8% of working residents), one of the shortest commutes across America.

Here most residents (78.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.