Home Insurance in Margate City, New Jersey
Homes in Margate City carry a median value of $708,800 - 140% higher than the Atlantic County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Margate City was built around 1970. About 38% of homes were built before 1960, about 10 points above Atlantic County's 28%.
The housing stock in Margate City is 66% single-family homes and 24% apartments in buildings with 5+ units.
About 54% of owner-occupied homes in Margate City have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 63%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 90% of occupied homes in Margate City are owner-occupied.
In Margate City, 73% of homes are primarily heated with natural gas.
FEMA rates Atlantic County's overall risk as Relatively Moderate, led by strong wind (Very High). Atlantic County had 22,641 active NFIP flood policies as of September 2026. See the full Atlantic County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in New Jersey is $1,551 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $708,800 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 90% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Atlantic County | 22,641 |
| Home insurance premium | $1,551 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)