Market Overview
Home Prices in Margate City, NJ
The median home value in Margate City, NJ is $1,127,812 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 8.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Margate City are priced175% above average. Margate City is part of the Atlantic City-Hammonton, NJ metro area.
Over the past five years, Margate City home values have risen by approximately70.7%, reflecting strong long-term appreciation in this market.
Price History
Margate City Home Price Trend
City Comparison
Margate City vs. National Median
At $1,127,812, homes in Margate City cost 175% above the national median of $410,000. Buyers in Margate City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Margate City?
20% Down Payment
$225,562
on $1,127,812
Monthly P&I
$5,882/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,470/mo
incl. taxes & insurance
Income Needed
$298,800
gross annual (30% rule)
10% Down Option
$112,781
+ PMI applies
Loan Amount (20% dn)
$902,250
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 City, NJ?
The median home value in Margate City is $1,127,812 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Margate City?
Over the past year, home values in Margate City have increased by 9.4%. Over five years, prices have risen approximately 70.7%.
How much do I need to earn to buy a home in Margate City?
To comfortably afford the median home price of $1,127,812 with a 20% down payment ($225,562) at today's rates (6.8%), you'd need a gross annual income of approximately $298,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Margate City compare to the national average home price?
The national median home value is approximately $410,000. At $1,127,812, homes in Margate City are 175% above the national average.
What metro area is Margate City part of?
Margate City is part of the Atlantic City-Hammonton, NJ metropolitan area. Home prices and market conditions can vary across the broader metro region.