US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 08402
  5. Housing & Real Estate
Margate City city, NJ

ZIP 08402 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08402

Median Home Value
$645,200
Median Rent
$1,293
Affordability Snapshot
$178,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,145/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

41.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08402 in Margate City city, NJ, a household would need roughly $178,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,145. That is about 56% above the local median household income ($114,417), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 62% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.8%+37% vs US avg
x
Vacancy Rate
62.2%+504% vs US avg
x
Broadband Access
94.4%+9% vs US avg
x
4+ Bedrooms
13.8%-7% vs US avg
x
Built Pre-1939
6.7%-48% vs US avg
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
12.6%-75% vs US avg
x
Mortgage-Free
47.0%+23% vs US avg
x
$645,200
Home Value
$1,293
Rent
1967
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached59.3%
  • 1-unit attached5.7%
  • 2-9 units12.6%
  • 10+ units22.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$645,200
Median rent$1,293
Owner-occupied89.8%
Vacant62.2%
Price-to-income5.6x
Est. income to buy$178,000