Real Estate Statistics
| Average Price | $339K |
|---|---|
| Lowest Price | $2.2K |
| Highest Price | $630K |
| Total Listings | 16 |
| Avg. Days On Market | 65 |
| Avg. Price/SQFT | $309 |
Property Types (active listings)
North Margate, Margate, FL Homes for Sale
- All Listings
- Under $100,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
Discover North Margate: A Neighborhood Guide
About North Margate
North Margate is a vibrant and diverse urban neighborhood situated in Margate, Florida Known for its cultural richness, professional workforce, and unique real estate market, North Margate offers a distinct lifestyle to its residents.
Real Estate Overview
Median Prices and Housing Market Trends
The real estate landscape in North Margate is quite competitive with the median price of properties standing at $429,386, which is significantly higher than many other neighborhoods in Florida and the U.S. The average rent here is around $3,426, showcasing the neighborhood's high desirability. However, it's important to note that market conditions can change. For instance, in the past year, the median sale price has slightly risen to $330K.
Housing Types and Features
North Margate is home to a variety of properties, ranging from condos to single-family homes. Some properties feature amenities such as open concept kitchens, spacious backyards, and modern upgrades like new AC units and roofs.
Cultural Diversity and Social Scene
Cultural Heritage
The neighborhood is culturally diverse, with a notable presence of Haitian and Jamaican ancestry. This cultural heritage contributes to the rich tapestry of traditions and lifestyles found in North Margate.
Workforce and Economic Conditions
North Margate's workforce primarily consists of professionals, executives, and service jobs. While the neighborhood does exhibit varying economic conditions, including below-average income levels and a higher rate of childhood poverty, it remains an attractive place for many due to its cultural diversity and range of job opportunities.
Living in North Margate
Commute and Transportation
Driving and Public Transit
Many residents of North Margate prefer to drive alone to work. However, the area also has transit options available for those who prefer public transportation.
Biking and Walking
The neighborhood is somewhat bike able, indicating that cycling could be an option for shorter commutes or leisurely rides. While specific details on pedestrian accessibility aren't available, urban neighborhoods like North Margate typically offer adequate sidewalks and crossing points for walkers.
Climate and Environmental Factors
Climate Risks and Water Stress
Residents of North Margate should be aware of certain climate risks. The area is projected to have more hot days per year, with an increased risk of storms and potential wildfires by 2050. Current water stress is at 3%, projected to be 4% in 2050, indicating a need for efficient water management strategies.
Environmental Impact
There is also a drought risk, which is 58% higher than Florida's average. Residents are encouraged to adopt sustainable practices to mitigate this risk and contribute positively to the local environment.
Browse Margate Homes for Sale in Other Neighborhoods
Conclusion
North Margate is a neighborhood with much to offer, from a vibrant cultural scene to a diverse housing market. Although it faces certain economic and environmental challenges, its strengths and unique qualities make it a compelling choice for those seeking an urban lifestyle in Margate, FL.
Frequently Asked Questions
Q. What is the median real estate price in North Margate?
A. The median real estate price in North Margate is approximately $429,386.
Q. What kind of job opportunities are there in North Margate?
A. The area primarily has opportunities in professional, executive, and service jobs.
Q. What is the average rent in North Margate?
A. The average rent in North Margate is around $3,426.
Q. What are the climate risks in North Margate?
A. North Margate is expected to experience more hot days, storms, and potential wildfires by 2050. There is also a higher than average risk of drought.
Q. What are the transportation options in North Margate?
A. While many residents prefer to drive to work, the neighborhood also offers transit options and is somewhat bike able.
Fort Lauderdale Area City Guide
- Coconut Creek
- Cooper City
- Coral Springs
- Dania Beach
- Davie
- Deerfield Beach
- Fort Lauderdale
- Hallandale Beach
- Hillsboro Beach
- Hollywood
- Lauderdale By The Sea
- Lauderdale Lakes
- Lauderhill
- Lighthouse Point
- Margate
- Miramar
- North Lauderdale
- Oakland Park
- Pembroke Park
- Pembroke Pines
- Plantation
- Pompano Beach
- Sea Ranch Lakes
- Southwest Ranches
- Sunrise
- Tamarac
- Weston
- Wilton Manors
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