Home prices
The median home in Margate City costs $483,700. In comparison to other places in this area it is roughly $121,840 (33%) higher.It is about $266,200 (122%) higher compared to the rest of the country, and in comparison to the city of New York it is approximately $122,300 (20%) lower.
Rents
In Margate City the median rent is $1,315 a month. This is about $165 (11%) lower compared to its nearby areas.It is about $253 (23%) higher in comparison to the United States as a whole, and is roughly $128 (8%) lower in comparison to the city of New York.
Nearby places
Ventnor City
Ventnor City is Margate City's neighbor to the northeast. Housing prices there are a lot less expensive. The median home value in Ventnor City is $273,500, which works out to $210,200 (76%) lower than Margate City. Rents there are a little less expensive. Ventnor City's median monthly rent is $1,163, which is $152 (13%) lower than Margate City.
Longport
Longport is Margate City's neighbor to the southwest. Real estate prices there are a lot more expensive. The cost of the median home in Longport is $890,900, which is $407,200 (45%) higher than Margate City. Rents there are a little more expensive. Longport's median rent is $1,773 per month, which is $458 (25%) higher than Margate City.
Linwood
Linwood is about 3 miles west of Margate City. Real estate prices there are a lot less expensive. The median home in Linwood costs $290,000, which works out to $193,700 (66%) lower than Margate City. Rent there is a bit more expensive. Linwood's median rent is $1,583 a month, which is $268 (16%) higher than Margate City.
Northfield
Northfield is about 3 miles northwest from Margate City. Real estate prices there are a lot less expensive. The median home in Northfield is valued at $223,100, which is $260,600 (116%) lower than Margate City. Its rents are somewhat more expensive. Northfield's median rent is $1,720 per month, which comes out to $405 (23%) higher than Margate City.
Pleasantville
Pleasantville is roughly 4 miles north from Margate City. The real estate prices there are significantly less expensive. The median home in Pleasantville costs $131,800, which is $351,900 (266%) lower than Margate City. The rent there is somewhat less expensive. Pleasantville's median monthly rent is $1,159, which works out to $156 (13%) lower than Margate City.
