Home prices
Margate's median home price is $183,800. In comparison to its surrounding areas it is roughly $35,460 (16%) lower.Compared to the rest of the country it is roughly $33,700 (15%) lower, and in comparison to the city of Miami is approximately $133,900 (42%) lower.
Rents
The median monthly rent in Margate is $1,311. It is approximately $156 (10%) lower compared to nearby areas.In comparison to the nation as a whole it is roughly $249 (23%) higher, and in comparison to the city of Miami it is approximately $128 (10%) higher.
Nearby places
North Lauderdale
North Lauderdale is Margate's neighbor to the south. The real estate prices there are a little less expensive. The cost of the median home in North Lauderdale is $167,100, which comes out to $16,700 (9%) lower than Margate. Its rents are a little more expensive. North Lauderdale's median monthly rent is $1,473, which works out to $162 (10%) higher than Margate.
Coconut Creek
Coconut Creek is Margate's neighbor to the northeast. Housing prices there are pretty similar. The median home price in Coconut Creek is $192,500, which comes out to $8,700 (4%) higher than Margate. Rent there is somewhat more expensive. The median monthly rent in Coconut Creek is $1,664, which is $353 (21%) higher than Margate.
Coral Springs
Coral Springs is Margate's neighbor to the northwest. The real estate prices there are a lot more expensive. Coral Springs's median home price is $354,100, which works out to $170,300 (48%) higher than Margate. The rent there is a little more expensive. Coral Springs's median rent is $1,532 per month, which works out to $221 (14%) higher than Margate.
Tamarac
Tamarac is about 4 miles southwest from Margate. Its housing prices are somewhat less expensive. The value of the median home in Tamarac is $168,900, which works out to $14,900 (8%) lower than Margate. Rent there is somewhat more expensive. The median monthly rent in Tamarac is $1,402, which comes out to $91 (6%) higher than Margate.
Pompano Beach
Pompano Beach is roughly 4 miles east of Margate. The housing prices there are a bit more expensive. The median home value in Pompano Beach is $213,700, which works out to $29,900 (13%) higher than Margate. Rents there are fairly similar. Pompano Beach's median monthly rent is $1,265, which works out to $46 (3%) lower than Margate.
