Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Margate area can be challenging. Home prices in Margate are now at a median cost of $236,358, lower than the Florida average of $278,762.
The average cost of rent is $1,474/mo in Margate, primarily driven by the current value of real estate in the Margate area. While nearly 36.36% of residents own their homes outright in Margate, 29.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Margate is $4,900 per month. Households that rent pay about 30.09% of their income on rent here. Margate's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- North Lauderdale, FL: less expensive homes
- Coconut Creek, FL: higher priced homes
- Coral Springs, FL: higher priced homes
- Tamarac, FL: equally priced homes
- Hillsboro Pines, FL: higher priced homes
- Pompano Beach, FL: higher priced homes
- Lauderdale Lakes, FL: less expensive homes
- Parkland, FL: higher priced homes
- Lauderhill, FL: less expensive homes
- Oakland Park, FL: equally priced homes
Cities with Similar Populations
- Woodbridge, VA: higher priced homes
- Altoona, PA: less expensive homes
- South Whittier, CA: higher priced homes
- Stillwater, OK: less expensive homes
- Venice, FL: higher priced homes
- Huntsville, TX: less expensive homes
- Westminster, MD: higher priced homes
- Goleta, CA: higher priced homes
- Garner, NC: equally priced homes
- Florence, AL: less expensive homes
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