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Margate City Real Estate |
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Margate City real estate is one of New Jersey's popular seashore resorts and a charming year-round residential community. It's located in Atlantic County, just 10 minutes south of America's Playground, Atlantic City. Margate is nestled on Absecon Island between the municipalities of Ventnor and Longport and 10 minutes from the popular summer community of Ocean City. |
Margate Demographics
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Margate City is both a great vacation community with a wonderful year-round residential community. Approximately 50% of the people who own homes in Margate live here full-time. The City of Margate School District is a Type I District providing a full range of educational services appropriate to kindergarten through eighth in the adjoining Borough of Longport and the City of Margate, along with special programs for handicapped youngsters. The three public schools in Margate are Union Avenue school (grades K- 2), William H. Ross School (grades 3 - 5), and Tighe Middle School. There are also a number of private educational options available for Margate and neighboring residents. |
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In the summer months, the population in Margate grows. Unlike other shore communities with "weekly rentals," Margate's summer visitors come here for a minimum of one month, and many rent for the whole season, making Margate their "home" for the summer. There are plenty of camps available and also educational/recreational programs offered by the City of Margate, Longport, and Ventnor. |
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For additional Margate City, NJ Information including Local Economics, Weather, Average Household Income, etc., click for Margate, NJ Community & School report. |
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Margate City, NJ Real Estate |
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Margate City Available Rentals !! |
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MARGATE PRICE OF PROPERTIES |
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Time Frame |
Average Selling Price |
% Change Avg. Price from Previous Year |
Median Selling Price |
% Change Median Price from Previous Year |
# of Properties Sold |
% Change Units Sold from Previous Year |
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2010 |
$ 583,498 |
10% |
$ 462,500 |
3% |
235 |
24% |
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2009 |
$ 529,133 |
-16% |
$ 450,000 |
-6% |
189 |
-17% |
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2008 |
$ 633,135 |
-2% |
$ 476,250 |
-5% |
228 |
-11% |
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2007 |
$ 647,827 |
2% |
$ 500,000 |
0% |
257 |
1% |
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2006 |
$ 637,457 |
13% |
$ 500,000 |
6% |
255 |
-35% |
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2005 |
$ 564,812 |
23% |
$ 470,000 |
27% |
394 |
-2% |
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2004 |
$ 460,646 |
17% |
$ 370,000 |
19% |
403 |
14% |
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2003 |
$ 392,236 |
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$ 310,250 |
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354 |
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** A special note about the Margate, NJ Price of Properties - these prices take all classes of properties (commercial, land, single family and condos) and combine them. If you would like more refined Margate, NJ real estate market information, please e-mail me or call me at 609-287-1795. **
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What to Do In and Around Margate City |
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To find out about events happening in Margate and surrounding communities such as Atlantic City, Ventnor, and Longport, check out the Jersey Shore Calendar of Events. |
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Driving Directions
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If you are interested in Margate homes for sale, please feel free to visit Sherri's featured listings or search the MLS. |