Margate, Florida.
Typical home $321,227 (-1.5% in a year), asking rent $2,047 (-1.6%). Miami-Fort Lauderdale-Pompano Beach, FL metro.
to buy the typical home at today's mortgage rate — +$876 (+108%) since Jan 2020.
- 1 year
- Down $4,967 -2%
- $326,195$321,227 since Sep 2025
- 5 years
- Up $55,104 +21%
- $266,123$321,227 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Margate$1,686
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Margate, FL fell 1.5% over the past year — slower than the nation's +1.2%.
Asking rents in Margate, FL fell 1.6% over the past year — slower than the nation's +2.7%.
Owning the typical home in Margate runs $234/mo more than renting one. The gap peaked at $518 in Oct 2023.
That is $2,281 a month against $2,047 rent: a $1,686 mortgage payment, plus $251 property tax and $344 insurance & upkeep.
Owning vs renting — Margate
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,281
- Renting$2,047
- Mortgage only$1,686
Property tax · $251/mo 0.94% of value a year — the ACS 2020-2024 median bill over the median home value for Broward County, FL
Insurance & upkeep · $344/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Margate, Broward County, Florida
Margate is a city of 58,712 people in Broward County. Half its households earn more than $62,450 a year and half less, against $77,633 across Broward County; 12% of its people live below the poverty line. 77% of its homes are lived in by their owners and 23% are rented. Unemployment in Margate was 4.2% in August 2026, and Broward County had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Margate is a city in Broward County where the population is older than in many American towns, and most homes are lived in by their owners. Household incomes run below the county's, and typical rents are high compared with what many residents earn. Winters are mild, with January the coolest month and daytime highs still comfortably warm, and summers are hot, with August the warmest.
Work. Many residents work in schools, hospitals and social care, in shops, in professional and business services, and in restaurants, hotels and entertainment. HCA Florida Northwest Hospital is the largest workplace in town, followed by Walmart and JM Lexus. Commutes tend to be fairly long, and only a small share of people work from home.
Things to do. Butterfly World, a zoo-style attraction, is in or beside town. A short drive away are the Museum of Art Fort Lauderdale and Hugh Taylor Birch State Park, a protected area. For a longer outing, the Morikami Museum and Japanese Gardens is a botanical garden a longer drive away.
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- 24,297households
- 25%of adults have a degree
- 12%below the poverty line
- 31 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Broward County had 863,595 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 76° and lows near 58°; warmest in August, with highs near 91° and lows near 76°.
Average daily high and low, 1991–2020, at the Coral Springs weather station, 4 miles away (NOAA).
Largest employers in Margate
- Northwest Medical Center *1,000
- City of Margate, Florida595
- Broward County Schools348
- Walmart284
- JM Lexus255
- Publix178
- Broward Meat and Fish128
- Centers Plan for Healthy Living100
From the City of Margate’s annual financial report for 2025, its schedule of principal employers (its source: “U.S. Bureau of Labor Statistics, Finance Department survey, and the Development Services Department”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- HurricanesRelatively high
- LightningRelatively high
- Heat wavesRelatively moderate
- Inland floodingrelatively high in parts of MargateRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Margate’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Broward County and the Miami-Fort Lauderdale-Pompano Beach, FL metro.
Margate home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Margate$321,227
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 5 Margate listings, and the typical home goes pending in 42 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Margate20.89%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Margate42
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Margate543
New listings per month
Sellers arriving at the market.
- Margate101
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Margate$287,951
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Margate95.85%
Zip codes with a Margate address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Margate — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.