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City · 5,234 residents · Atlantic County, New Jersey

Margate City , New Jersey

In Margate City, a typical home is worth $708,800 and typical rent is $1,347 a month. Compared with all of Atlantic County, the typical home value is 140% higher, typical household income is 56% higher, and the share of households that own their home is 21 points higher.

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  • Typical home value

    $708,800

    140% above the county

    56% above New Jersey

    • Margate City
    • Atlantic
    • New Jersey

  • Typical rent

    $1,347a month

    2% below the county

    22% below New Jersey

    • Margate City
    • Atlantic
    • New Jersey

  • Typical household income

    $121,800a year

    56% above the county

    18% above New Jersey

    • Margate City
    • Atlantic
    • New Jersey

  • Households that own their home

    90%

    21 points above the county

    26 points above New Jersey

    • Margate City
    • Atlantic
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$1,147,528
13.7% more than 12 months ago
Typical rent
$1,858 a month
21.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Margate City is in Atlantic County. The FHA loan limit ($730,250 for a one-unit home), the fair market rents and the help on this page are those of all of Atlantic County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Margate City apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Margate City is worth $708,800, 140% more than in Atlantic County as a whole ($295,000).

  2. Nearby, in Pleasantville, the typical home value is $194,100: 73% less than in Margate City ($708,800).

  3. The typical household income in Margate City is $121,800, 56% more than in Atlantic County as a whole ($78,050).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Margate City rose 13.7%; in New Jersey, it rose 4%.

  5. 90% of households in Margate City own their home, against 69% in Atlantic County.

  6. Margate City has the 13th smallest share of rent-burdened renters of the 249 cities in New Jersey with more than 5,000 people (33%).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Margate City

What homes there are in Margate City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Margate City, 6 in 10 homes are single-family detached houses; in Atlantic County, 6.

Year built

In Margate City, half of the homes were built before 1970; in Atlantic County, before 1978.

In Margate City, 67% of homes have 3 bedrooms or more, more than in Atlantic County (59%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,106 a month

Atlantic County: $2,185 a month

Without a mortgage

$1,162 a month

Atlantic County: $1,017 a month

Owners with a mortgage

54%

Atlantic County: 60%

The typical cost for an owner with a mortgage in Margate City is $3,106 a month, more than in Atlantic County ($2,185); without one, $1,162.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Margate City gained value faster than in Atlantic County: 47% against 35%.

Rent in Margate City moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMargate CityAtlantic CountyNew JerseyUnited States
Rental vacancy Unreliable estimate4.3%3.5%5.5%
Homeowner vacancy Unreliable estimate0.8%0.7%0.9%
More than one person per room Unreliable estimate2.9%4.0%3.4%
People per household 2.032.472.622.53
Drive alone 58%73%62%69%
Carpool Unreliable estimate9%8%9%
Public transit Unreliable estimate4%8%3%
Walk or bike 6%3%3%3%
Work from home 21%9%17%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Margate City has 2.03 people, fewer than in Atlantic County (2.47).

In Margate City, 21% of workers work from home, more than in Atlantic County (9%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Margate City?

A typical home costs more than the typical income allows

We start with a typical home in Margate City, worth $708,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 58% of the typical household income in Margate City, which is $121,800 a year. For that payment to be 28% of income, a household would need to earn about $253,971 a year.

The calculator's FHA and conventional loan limits are those of all of Atlantic County.

Your numbers

Local data
$

Starts at the typical home value in Margate City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $24,808 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,926

at 7.18% · 30 years

Loan amount
$695,962
Total interest
$1,001,326
Paid off in
November 2056

Includes $11,970 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,842 a month

  • Tight

    $2,842 to $3,654 a month

  • Hard

    more than $3,654 a month

    Your payment · 58%

Compared with the typical household income in Margate City ($121,800 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,926
Principal & interest$4,715
Property tax$603
Home insurance$295
FHA mortgage insurance (MIP)$313

You need at least $24,808 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Margate City and Atlantic County

Margate City is in Atlantic County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Margate City's own numbers

Typical home value
$708,800
Typical monthly rent
$1,347
Typical yearly household income
$121,800
Households that own their home
90%
Effective property tax rate
1.02%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Atlantic County

FHA limit, one-unit home
$730,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,899
Price change over 5 years (FHFA)
+81%
Homes in a high flood-risk zone
14%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Atlantic County.

Everything about Atlantic County

Buying

Buying a home in Margate City

A typical home in Margate City is worth $708,800: 140% above the county and 56% above New Jersey. With the typical household income in Margate City ($121,800 a year), a typical home costs 5.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Margate City 5.8 years
  • Atlantic 3.8 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Atlantic County

According to FHFA’s house price index, home prices in Atlantic County rose 105% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Atlantic County.

Period County New Jersey U.S.
Last year (2025) +7.8% +6.2% +2.9%
5 years (2020–2025) +81% +63% +47%
10 years (2015–2025) +105% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Margate City next to Atlantic County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Margate City $708,800
  • Atlantic $295,000
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Margate City $1,347
  • Atlantic $1,376
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Margate City $121,800
  • Atlantic $78,050
  • New Jersey $103,556
  • United States $80,734
See the full table
Margate City next to Atlantic County and New Jersey
Measure Margate City Atlantic County New Jersey U.S.
Typical home value $708,800 $295,000 $454,400 $332,700
Typical monthly rent $1,347 $1,376 $1,720 $1,413
Typical yearly household income $121,800 $78,050 $103,556 $80,734
Households that own their home 90% 69% 64% 65%
Typical yearly property tax $7,231 $6,776 $9,590 $3,119
Effective property tax rate 1.02% 2.3% 2.11% 0.94%
Renters with high rent for their income 33% 57% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Atlantic County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Margate City

For a typical $708,800 home in Margate City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Margate City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,926a month

    Least cash to close
    Down payment
    $24,808
    Cash to close
    $46,072
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $313

  • Conventional, 5% down $5,796a month

    Down payment
    $35,440
    Cash to close
    $56,704
    Rate
    7.18%
    Mortgage insurance
    PMI · $337

  • Conventional, 20% down, no PMI $4,739a month

    Down payment
    $141,760
    Cash to close
    $163,024
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,394a month

    Down payment
    $106,320
    Cash to close
    $127,584
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Margate City and for Atlantic County.

Property tax

Effective rate in Margate City

1.02%of the home’s value each year

$7,231 a year for the typical owner in Margate City.

  • Margate City 1.02%
  • Atlantic 2.3%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Atlantic County

FEMA does not publish these numbers by city: they are for all of Atlantic County.

Homes in the high-risk zone
14%
12,139
Of those, with NFIP insurance
95%
County New Jersey U.S.
Homes in the high-risk zone 14% 6.7% 3.5%
Of those, with NFIP insurance 95% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Margate City

Typical rent in Margate City is $1,347 a month: 2% below the county. In Margate City, 33% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Atlantic County, by unit size. To pay the 2-bedroom one ($1,899 a month) without spending more than 30% of your income, you would need to earn $36.52 an hour working full time.

HUD fair market rent for all of Atlantic County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,378 $26.50 $55,120
1 bedroom $1,567 $30.13 $62,680
2 bedrooms $1,899 $36.52 $75,960
3 bedrooms $2,578 $49.58 $103,120
4 bedrooms $2,849 $54.79 $113,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Margate City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Margate City is in ZIP code 08402.

For 2 bedrooms it is $2,080: $181 more than the fair market rent for Atlantic County ($1,899).

  • 08402 $2,080$2,820

A ZIP code counts for Margate City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Margate City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Atlantic County; 1 says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Margate City

No down payment, repair or rent-help program on our list is for Margate City or Atlantic County. The ones below are statewide in New Jersey: they work in Margate City the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Margate City

The HUD-approved agencies closest to the center of Margate City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Navicore Solutions- Hammonton, NJ

    212 Bellevue Ave, Hammonton · 26 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (866) 472-4557

  • Ocean, Inc. (ocean Community Economic Action Now, Inc.)

    40 Main St, Toms River · 46 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    732-244-5333-1108

  • Operation Hope- Camden NJ Branch

    533 Fellowship Rd, Mount Laurel · 48 miles away

    (267) 539-8535

Every agency in Atlantic County All counseling agencies in New Jersey

Help in Spanish near Margate City

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Margate City

In HUD’s record, no housing authority with an office in Atlantic County is named for Margate City or Atlantic County.

3 other authorities have an office in Atlantic County: see the list Source: HUD

Cities

Other cities in Atlantic County

These cities are also in Atlantic County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Atlantic County Housing in New Jersey
See 2 more cities in Atlantic County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Margate City, with the typical home value.

Neighboring counties

If Atlantic County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Margate City.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Margate City

Short answers with the numbers for Margate City and all of Atlantic County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Margate City?

The typical home value in Margate City is $708,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Atlantic County it is $295,000.

How much does it cost to rent in Margate City?

Typical rent in Margate City is $1,347 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Atlantic County is $1,899.

What is the FHA loan limit in Margate City?

Margate City uses the FHA limit for all of Atlantic County (2026): $730,250 for a one-unit home and $1,404,350 for a four-unit home.

How much property tax do owners pay in Margate City?

The typical homeowner in Margate City pays $7,231 a year, according to the U.S. Census Bureau. That is 1.02% of the home’s value; in Atlantic County, the rate is 2.3%.

Where can I find free help to buy or rent in Margate City?

There is 1 HUD-approved counseling agency with an office in Atlantic County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).