Margate, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Margate Neighborhoods Since 2000




Margate, FL Real Estate Data


Margate Housing Market Information

With 57,234 people, 20,891 houses or apartments, and a median cost of homes of $197,163, 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 44.46% of the city's housing units. Other types of housing that are prevalent in Margate include large apartment complexes or high rise apartments ( 41.14%), row houses and other attached homes ( 6.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.37%).

Dwellings in Margate tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.38% 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 ( 16.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.26%).

Vacant housing appears to be an issue in Margate. Fully 15.00% of the housing stock is classified as vacant. Left unchecked, vacant Margate homes and apartments can be a drag on the real estate market, holding Margate real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Margate Home Appreciation Rates

Homes have actually lost value in Margate over the last then years, as home values have seen a decline of 25.14% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Margate home appreciation rates at 2.59%, which equates to an annual appreciation rate of 10.76%.

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 9.31%, which is higher than appreciation rates in 96.43% 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 2.59%, which equates to an annual appreciation rate of 10.76%.

Relative to Florida, our data show that Margate's latest annual appreciation rate is higher than 50% 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:
$197,163

Margate, FL HOME PRICES

Value Range
> $1,520,000 0.2
$1,140,001 - $1,520,000 0.2
$760,001 - $1,140,000 0.1
$608,001 - $760,000 0.8
$456,001 - $608,000 3.5
$304,001 - $456,000 19.6
$152,001 - $304,000 35.9
$76,001 - $152,000 22.2
$0 - $76,000 17.5

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
33.8935410200855 49.7863247863248

Number Of Homes And Apartments:
20,891

Rent & Ownership

 

Average Market Rent:
$1,476 / per month

Homeownership Rate

Homeownership
Owners 76.02
Renters 23.98
Vacant 15.00

Housing Market Details

 

Age of Homes

AGE OF Margate HOMES
2000 or Newer 4.3
1970 - 1999 79.1
1940 - 1969 16.3
1939 or Older 0.3

Types of Homes

TYPE OF Margate HOMES
Single-Family 44.5
Townhomes 7.0
Small Apt. Buildings 4.4
Apt. Complexes 41.1
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Margate HOMES
No Bedroom 0.38
1 Bedroom 12.90
2 Bedrooms 47.09
3 Bedrooms 30.03
4 Bedrooms 9.03
5 or more bedrooms 0.56

Margate Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
91.22% 3.89% 8 10
* 10 is highest