Market Overview
Home Prices in Margate, FL
The median home value in Margate, FL is $321,338 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.2% compared to a year ago and down 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Margate are priced22% below average. Margate is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Margate home values have risen by approximately25.5%, reflecting strong long-term appreciation in this market.
Price History
Margate Home Price Trend
City Comparison
Margate vs. National Median
At $321,338, homes in Margate cost 22% below the national median of $410,000. This makes Margate a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Margate?
20% Down Payment
$64,268
on $321,338
Monthly P&I
$1,676/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,129/mo
incl. taxes & insurance
Income Needed
$85,160
gross annual (30% rule)
10% Down Option
$32,134
+ PMI applies
Loan Amount (20% dn)
$257,070
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Margate, FL?
The median home value in Margate is $321,338 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.2% year-over-year.
How much have home prices changed in Margate?
Over the past year, home values in Margate have decreased by 3.2%. Over five years, prices have risen approximately 25.5%.
How much do I need to earn to buy a home in Margate?
To comfortably afford the median home price of $321,338 with a 20% down payment ($64,268) at today's rates (6.8%), you'd need a gross annual income of approximately $85,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Margate compare to the national average home price?
The national median home value is approximately $410,000. At $321,338, homes in Margate are 22% below the national average.
What metro area is Margate part of?
Margate is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.