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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Margate, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Margate, FL Housing Market Trends

With a population of 58,209, 25,468 total housing units (homes and apartments), and a median house value of $433,919, Margate real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Margate, accounting for 44.39% of the city's housing units. Other types of housing that are prevalent in Margate include large apartment complexes or high rise apartments ( 40.61%), row houses and other attached homes ( 6.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.02%).

Dwellings in Margate tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 61.72% of the homes in Margate have two or fewer bedrooms.

There is a lot of housing in Margate built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Margate built between 1940-1969 ( 14.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.19%).

Margate Home Appreciation Rates

In the last 10 years, Margate has experienced some of the highest home appreciation rates of any community in the nation. Margate real estate appreciated 194.54% over the last ten years, which is an average annual home appreciation rate of 11.41%, putting Margate in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Margate definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Margate that despite a nationwide downturn in the housing market, Margate real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Margate appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Margate. Margate appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Margate's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Margate differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Margate - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Margate real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$433,919

Margate, FL Home Prices
> $1,478,000
$1,108,001 - $1,478,000
$739,001 - $1,108,000
$591,001 - $739,000
$443,001 - $591,000
$296,001 - $443,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
0.2%
0.2%
0.5%
0.5%
3.1%
3.1%
15.3%
15.3%
27.5%
27.5%
23.7%
23.7%
15.1%
15.1%
11.2%
11.2%
3.5%
3.5%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

25,468

Margate Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,302 / per month

Homeownership Rate

Owners
Renters
76.1%
76.1%
23.9%
23.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.8%
8.8%
91.2%
91.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.2%
7.2%
78.0%
78.0%
14.2%
14.2%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.4%
44.4%
6.6%
6.6%
5.0%
5.0%
40.6%
40.6%
3.2%
3.2%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
11.1%
11.1%
48.0%
48.0%
28.1%
28.1%
9.7%
9.7%
0.5%
0.5%
0% 100.0%
% of Homes