What percentage of people rent in Margate City, NJ?
10.0% (±3.6 points) of the occupied homes in Margate City, NJ are rented (2020–2024 American Community Survey).
That is 257 renting households against 2,313 that own their home.
In Margate City, the share of households that rent went from 18.9% in 2015–2019 to 10.0% in 2020–2024 (−8.9 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 10.0% (±3.6 points)
- Renting households
- 257 (±94)
- Median renter income
- $62,708 (±$34,234)
Who rents and who owns in Margate City
| Margate City | Atlantic County | New Jersey | United States | |
|---|---|---|---|---|
| Renter-occupied share | 10.0% (±3.6 points) | 31.3% (±1.1 points) | 36.2% (±0.2 points) | 34.8% |
| Renting households | 257 (±94) | 34,276 (±1,309) | 1,268,573 (±8,082) | 45,017,354 |
| Owning households | 2,313 (±178) | 75,281 (±1,322) | 2,239,128 (±10,678) | 84,210,142 |
| Average renter household size | 1.8 (±0.4) | 2.4 (±0.1) | 2.4 (±0.0) | 2.3 |
| Average owner household size | 2.1 (±0.1) | 2.5 (±0.0) | 2.8 (±0.0) | 2.6 |
| Median renter household income | $62,708 (±$34,234) | $43,528 (±$2,389) | $62,674 (±$718) | $52,966 |
| Median owner household income | $131,958 (±$14,032) | $97,395 (±$2,734) | $133,477 (±$624) | $100,009 |
In Margate City, the renter share is lower than in Atlantic County (31.3%).
It is also lower than in New Jersey (36.2%).
It is lower than the national figure (34.8%).
In Atlantic County, Margate City ranks 17 of 23 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 454 of 564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Margate City has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 18.9% (±3.9 points) | 10.0% (±3.6 points) | −8.9 percentage points | Measurable decrease |
| Median gross rent | $1,315 (±$78) | $1,347 (±$237) | +2.4% | Down after inflation |
| Median household income | $83,045 (±$13,368) | $121,800 (±$16,675) | +46.7% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Margate City
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Margate City | — | 10.0% (±3.6 points) | — |
| Ventnor City | 1.5 mi | 37.7% (±7.0 points) | Higher |
| Longport Borough | 1.7 mi | 9.0% (±5.1 points) | Not measurably different |
| Linwood | 3.5 mi | 6.1% (±2.5 points) | Not measurably different |
| Northfield | 3.9 mi | 11.7% (±4.9 points) | Not measurably different |
| Pleasantville | 4.0 mi | 52.0% (±5.4 points) | Higher |
| Atlantic City | 4.4 mi | 69.7% (±2.3 points) | Higher |
| Bargaintown | 5.2 mi | 4.5% (±4.1 points) | Lower |
| Somers Point | 5.4 mi | 47.6% (±4.9 points) | Higher |
Nearby places with a measurably lower figure: Bargaintown, NJ (4.5%).
Nearby places with a measurably higher figure: Ventnor City, NJ (37.7%), Pleasantville, NJ (52.0%), Atlantic City, NJ (69.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Atlantic County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 11 | Galloway Township | 20.2% (±3.1 points) |
| 12 | Egg Harbor Township | 15.6% (±2.5 points) |
| 13 | Weymouth Township | 14.3% (±8.9 points) |
| 14 | Corbin City | 13.6% (±8.4 points) |
| 15 | Northfield | 11.7% (±4.9 points) |
| 16 | Buena Vista Township | 10.8% (±7.2 points) |
| 17 | Margate City | 10.0% (±3.6 points) |
| 18 | Longport Borough | 9.0% (±5.1 points) |
| 19 | Mullica Township | 7.6% (±4.7 points) |
| 20 | Folsom Borough | 6.9% (±3.8 points) |
| 21 | Linwood | 6.1% (±2.5 points) |
| 22 | Port Republic | 4.2% (±3.9 points) |
| 23 | Estell Manor | 3.6% (±3.3 points) |
Showing 13 of 23 places in Atlantic County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Margate City
How many renters are there in Margate City?
Margate City has an estimated 257 (±94) renting households, 10.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Margate City?
In Margate City, the share of households that rent went from 18.9% in 2015–2019 to 10.0% in 2020–2024 (−8.9 percentage points), a measurable decrease.
How big are renting households in Margate City?
A renting household in Margate City has 1.8 people on average, against 2.1 in an owned home.
How much do renters earn in Margate City?
The median renting household in Margate City, NJ has an income of $62,708 (±$34,234) a year, against $131,958 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Margate City city, Atlantic County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Margate City city, Atlantic County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Margate City city, Atlantic County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Margate City city, Atlantic County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Margate City city, Atlantic County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Margate City city, Atlantic County, New Jersey (county subdivision:43890, in state:34 county:001).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Margate City at a glance
- Median rent in Margate City
- Rent by bedrooms in Margate City
- Income and affordability in Margate City
- Home values in Margate City
- Homeowner costs in Margate City
- Property taxes in Margate City
- Types of homes in Margate City
- Bedrooms in Margate City
- Age of homes in Margate City
- Heating fuel in Margate City
- Commute and cars in Margate City
- Crime reported to police in Margate City
- Population growth in Margate City
- How long people stay in Margate City
- Crowding and facilities in Margate City
- New Jersey landlord and tenant rules
- Housing across Atlantic County
- New Jersey places ranked by share of renters
- Housing data for every place in New Jersey