Margate, NJ Overview

Margate is a charming island community in Atlantic County.  The city has a total area of 1.6 square miles, and a population over 8,000.  It is located on 8.1-mile long Absecon Island, along with Atlantic City and Ventnor City to the northeast, and Longport on the southwest.  With a beach to one side, a bay to the other, and Atlantic City just 5.3 miles away, Margate offers residents and many opportunities for world class dining, entertainment and outdoor adventures.  The town’s historic charm and uniqueness, combined with its ideal location, quality schools and strong community spirit, make Margate an attractive place to live.  It is a popular Jersey Shore destination, especially during the summer.  The beaches attract surfers, kayaking and sailing, and the bayside docks provided fisherman hours of enjoyment and relaxation.  There are local charter boats, which offer sport and deep sea fishing.  Margate City is the home of Lucy the Elephant, a large wooden elephant, 65 feet tall, over 124 years old, and is the oldest remaining example of zoomorphic architecture left in the United States. 

Summary

Population Growth (since 2000)-37%
Population Density (ppl / mile)3,661.00
Household Size (ppl)2.016
Households w/ Children10%

Housing Stability

Annual Residential Turnover0%
5+ Years in Residency55%
Median Year in Residency6.56

Housing Inventory

Margate, NJ Housing Inventory 2,6745961,9712,674596

Market Overview

154 listings with an estimated median price of $1,175,000

PriceCount
$100K - 200K4
$200K - 300K7
$400K - 500K4
$500K - 600K10
$600K - 700K14
$700K - 800K14
$800K - 900K10
$900K - 1M10
$1M - Max81
Property TypeCount
Single Family99
Townhouse8
Condo27
Commercial8
Rental163
Lots and Land10
Multi Family2

(Data as of 7/2/2022)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Margate, NJ Population Demographics

Total: 5,176

Households:2,567

Median Age: 56.68

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Margate, NJ Temperature

Weather Risk

Margate, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Margate, NJ Education Climate Index

Highest Education Level Attained

Margate, NJ Highest Education Level Attained 95575226690847941,1359557529084794

Employment and Finance

Workforce

Margate, NJ Workforce

Income by dollar range (Median Income: $66,723)

Margate, NJ Income by dollar range 1709811710482178101100811482202862071312431687360

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$912
One Bedroom
$1,013
Two Bedroom
$1,310
Three Bedroom
$1,765
Four Bedroom
$2,010

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Margate, NJ Crime

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