Margate, FL Real Estate
According to census data in the year 2000 there were 24,731 housing units in Margate.
This represents a 14.2% growth from 21,647 in 1990.
Of those housing units, 24,731 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Margate is about 80%.
Margate's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Margate were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 13% |
| Two Bedrooms | 49.50% |
| Three Bedrooms | 26% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $109,500 |
| Median Price asked for vacant units | $92,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $749 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 10.90% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 64.30% |
| Debt Free | 18.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
