Margate, Florida Housing Market Prices
Margate Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% above the Florida median$430,287
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Median rent 12% above the Florida median$1,864
Housing Market Overview
| Metric | Margate | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $430,287 | $311,338 | $248,835 |
| Price Trend (Annual %) | 27.2% | 11.2% | 7.5% |
| Median Gross Rent | $1,864 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Margate is about 38% higher than in Florida. Rent is about 12% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Margate, up about 27.2% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Margate rose about 55.0% between 2015 and 2024, from $1,203 to $1,864. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 6.8 yearly household incomes in Margate.
Buying the median-priced home in Margate costs roughly 19.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Margate. The price-to-rent ratio in Florida is about 15.6.
| Metric | Margate | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $430,287 | $311,338 | $248,835 |
| Median Household Income | $63,661 | $74,580 | $80,455 |
| Price-to-Income Ratio | 6.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Margate rose about 513.4%, while median household income rose about 26.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Margate | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.7% | 57.7% | 58.5% |
| Rental Rate | 23.3% | 27.7% | 31.2% |
| Vacancy Rate | 8.0% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Margate has a homeownership rate of 68.7%, higher than the Florida average of 57.7%. Its housing vacancy rate is 8.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Margate | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1980 | 1988 | 1978 |
| Median Number of Rooms | 4.5 | 5.2 | 5.5 |
The typical housing unit in Margate was built around 1980. On average, 2.4 people live in a home with about 4.5 rooms, staying for about 11.0 years on average.
Margate, FL Housing Compared With Nearby Cities
Margate, FL is typical in size for this group, 58,812 residents against a local median of 57,412, so the measures below are close to a like for like comparison. Where Margate, FL breaks from the cities next to it is median home price, sitting 47% above the local median of $291,915 at $430,287.
Homeownership tells the same story from another angle: 74.7% against a local median of 60.9%, 23% above it. The one measure here that carries a verdict is homeownership, and at 23% above the local median it puts Margate, FL at the better end of the local range. The cities themselves spread $355,036 on median home price, so Margate, FL sits at one end of an already wide local range rather than apart from it. Margate, FL has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Margate, FL | 58,812 | $430,287 #2/6 | $1,864 #5/6 | 74.7% #2/6 |
| North Lauderdale, FL | 43,820 | $322,283 | $2,068 | 60.9% |
| Coconut Creek, FL | 57,412 | $261,114 | $2,040 | 65.5% |
| Coral Springs, FL | 133,960 | $490,242 | $2,068 | 60.7% |
| Tamarac, FL | 71,922 | $291,915 | $1,886 | 75.8% |
| Lauderdale Lakes, FL | 35,781 | $135,206 | $1,666 | 50.3% |
Frequently Asked Questions
Common questions about the housing market in Margate, Florida.
What is the median home price in Margate, Florida?
The median home price in Margate, Florida is $430,287, higher than the Florida average of $311,338.
What is the average home price in Margate, Florida?
The typical home price in Margate, Florida, reported as the median sale price, is $430,287. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Margate, Florida?
The median gross rent in Margate, Florida is $1,864 per month, higher than the Florida average of $1,668.
What was the median gross rent in Margate in 2020?
In 2020, the median gross rent in Margate, Florida was $1,401 per month.
What is the price-to-rent ratio in Margate, Florida?
The price-to-rent ratio in Margate, Florida is about 19.2, meaning it would take roughly 19.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Margate.
Are home prices or rent rising faster in Margate, Florida?
Both home prices and rent are rising in Margate, up about 27.2% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Margate, Florida?
68.7% of households in Margate, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Margate, Florida?
The housing vacancy rate in Margate, Florida is 8.0%, lower than the Florida average of 14.6%.
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