609 S State Road 7 Unit 2D · Margate, FL 33068

$98,000

2 bd · 2.0 ba · 940 sqft · Condo public records · 72 Days on market

Built 1974 $500/mo HOA · 25% of rent

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.3/30.0
• 1% rule +10.0/10.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

Key facts

• Remodeled bathrooms
• $500 HOA
• Parking

Tags

• PRIVATE ENCLOSED BALCONY
• WELL-APPOINTED KITCHEN
• STAINLESS STEEL APPLIANCES
• REMODELED BATHROOMS
• GENEROUS CLOSET SPACE
• LOCATED NEAR SHOPPING

Property features AI

Finance

• Other: Pets: No / No pet restrictions noted
• HOA & community: Monthly association fee ($500/month); Association covers hot water, grounds maintenance, structure maintenance, parking, roof, trash, and water; Community laundry amenity; Senior community

Exterior

• Parking: One parking space
• Utilities: Electric service
• Home design: 2-story building; Entry on second level
• Construction: Resale property
• Exterior features: No exterior features listed; Property is attached

Interior

• Kitchen: Electric range; Refrigerator
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Second-floor entry; Vinyl flooring
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $98k.

Deal economics

• At list price, monthly cash flow is $252 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $98k).
• Recommended offer: $92k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 4.3% in Margate — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#85 in FL, #1,398 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities F.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.7%/yr); 298 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• This rent runs 37% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $678 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask is 5500% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $85k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; HOA is 25% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,120 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.02% ✓
• Cap rate: 9.37%
• Cash-on-cash: 11.00%
• DSCR: 1.49
• GRM: 4.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.81×
• Total profit: $-5,247
• Equity at exit: $14,612

10-year hold

• IRR: -3.3%
• Equity multiple: 0.83×
• Total profit: $-4,683
• Equity at exit: $8,473

Cash invested: $27,440 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33068

• Rents YoY: -0.7%
• Active inventory: 298
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,983 high
• Mortgage (P&I): −$514
• Tax from tax record: −$260 /mo · $3,123/yr
• Insurance: −$41
• HOA: −$500
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $252

Break-even live

Break-even rent $1,665

Max offer price $98,000

Occupancy floor 82%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,500
• Closing costs: $2,940
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
607 S State Road 7 Unit 1G Margate, FL	2.0	2.0	940	$1,750	$1.86	15d	1	0.00mi
609 S State Road 7 Unit 1C Margate, FL	2.0	2.0	960	$1,900	$1.98	24d	1	0.00mi
605 S State Road 7 Unit 1D Margate, FL	2.0	2.0	960	$2,000	$2.08	3d	1	0.04mi
605 S State Road 7 Unit 1D Margate, FL	2.0	2.0	960	$2,000	$2.08	24d	1	0.04mi
605 S State Road 7 Unit 1 Margate, FL	2.0	1.0	850	$1,790	$2.11	3d	1	0.04mi
613 S State Road 7 Unit 3G Margate, FL	2.0	2.0	960	$2,100	$2.19	5d	1	0.07mi
613 S State Road 7 Unit 3E Margate, FL	2.0	2.0	1005	$1,900	$1.89	24d	1	0.07mi
611 S State Road 7 Unit 3F Margate, FL	1.0	1.0	750	$1,500	$2.00	24d	1	0.07mi
611 S State Road 7 Unit 1B Margate, FL	2.0	2.0	960	$2,150	$2.24	24d	1	0.07mi
601 S State Road 7 Unit 2C Margate, FL	2.0	2.0	960	$2,100	$2.19	24d	1	0.07mi
601 S State Road 7 Unit 2H Margate, FL	2.0	2.0	960	$1,900	$1.98	24d	1	0.07mi
5641 SW 2nd Ct #212 Margate, FL	1.0	1.0	680	$1,200	$1.76	24d	1	0.41mi
142 NW 60th Ave Unit 6-2 Margate, FL	2.0	2.0	825	$1,850	$2.24	5d	1	0.60mi
142 NW 60th Ave Unit 6-2 Margate, FL	2.0	2.0	825	$1,850	$2.24	24d	1	0.60mi
5501 SW 11th St Margate, FL	1.0–2.0	1.0	719	$2,050	$2.85	20d	4	0.66mi
4979 SW 4th St Margate, FL	3.0	2.0	1056	$3,350	$3.17	20d	1	0.75mi
5600 SW 12th St North Lauderdale, FL	1.0–3.0	1.0–2.0	892	$2,272	$2.55	18d	3	0.77mi
6891 SW 7th St Margate, FL	2.0	1.0	827	$1,995	$2.41	22d	1	0.78mi
5534 Lakewood Cir S Unit H Margate, FL	2.0	2.0	984	$2,400	$2.44	3d	1	0.78mi
6897 SW 7th St Margate, FL	2.0	1.0	827	$1,895	$2.29	16d	1	0.79mi
1200 SW 52nd Ave North Lauderdale, FL	3.0	2.0	1027	$2,100	$2.04	24d	1	0.80mi
568 Kathy Ct Margate, FL	2.0	2.0	875	$1,995	$2.28	24d	1	0.80mi
631 Kathy Ct Margate, FL	2.0	2.0	875	$1,995	$2.28	17d	1	0.82mi
563 Kathy Ct Margate, FL	2.0	2.0	875	$2,035	$2.33	24d	1	0.83mi
400 NW 65th Ave Margate, FL	1.0–3.0	1.0–2.0	706	$1,900	$2.69	22d	4	0.83mi
551 Kathy Ct Margate, FL	2.0	1.0–2.0	851	$1,945	$2.29	3d	2	0.83mi
380 E Laurel Dr Unit 4D Margate, FL	2.0	2.0	1019	$2,150	$2.11	24d	1	0.95mi
6000 NW 7th St Margate, FL	2.0	1.0	885	$1,895	$2.14	2d	1	0.99mi
412 Lakeside Dr #223 Margate, FL	2.0	1.0	630	$1,800	$2.86	15d	1	1.11mi
508 Gardens Dr #202 Pompano Beach, FL	1.0	1.0	680	$1,800	$2.65	2d	1	1.12mi
1241 SW 46th Ave #1006 Pompano Beach, FL	2.0	2.0	1073	$1,900	$1.77	24d	1	1.13mi
1243 SW 46th Ave #1111 Pompano Beach, FL	1.0	1.0	813	$1,550	$1.91	4d	1	1.13mi
1243 SW 46th Ave #1111 Pompano Beach, FL	1.0	1.0	813	$1,550	$1.91	3d	1	1.13mi
1245 SW 46th Ave #1215 Pompano Beach, FL	1.0	1.0	813	$2,000	$2.46	24d	1	1.14mi
1245 SW 46th Ave #1204 Pompano Beach, FL	1.0	1.0	813	$1,675	$2.06	2d	1	1.14mi
1239 SW 46th Ave #905 Pompano Beach, FL	1.0	1.0	785	$1,520	$1.94	7d	1	1.14mi
1239 SW 46th Ave #905 Pompano Beach, FL	1.0	1.0	785	$1,520	$1.94	15d	1	1.14mi
1253 SW 46th Ave #1608 Pompano Beach, FL	1.0	1.0	785	$1,699	$2.16	24d	1	1.15mi
503 Gardens Dr #202 Pompano Beach, FL	2.0	1.0	880	$1,900	$2.16	24d	1	1.15mi
512 Gardens Dr #103 Pompano Beach, FL	2.0	2.0	830	$1,900	$2.29	7d	1	1.16mi

HOA detail condo

• Monthly dues: $500 · $6,000/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-18
   days on market $98,000 Active 72 DOM
2. 2026-06-17
   days on market $98,000 Active 71 DOM
3. 2026-06-16
   days on market $98,000 Active 70 DOM
4. 2026-06-15
   days on market $98,000 Active 69 DOM
5. 2026-06-13
   days on market $98,000 Active 67 DOM
6. 2026-06-10
   price $98,000 Active 63 DOM
7. 2026-06-09
   days on market $105,000 Active 63 DOM
8. 2026-06-08
   days on market $105,000 Active 62 DOM
9. 2026-06-07
   days on market $105,000 Active 61 DOM
10. 2026-06-04
    days on market $105,000 Active 58 DOM
11. 2026-06-03
    days on market $105,000 Active 57 DOM
12. 2026-06-02
    days on market $105,000 Active 56 DOM
13. 2026-06-01
    days on market $105,000 Active 55 DOM
14. 2026-05-31
    days on market $105,000 Active 54 DOM
15. 2026-05-14
    listed $1,750
16. 2026-04-06
    listed $105,000 Active
17. 2021-11-23
    soldstatus $85,000
18. 2018-10-15
    soldstatus $66,000 Closed 739-char remark

    Show marketing remark (739 chars)

    COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

19. 2018-10-15
    soldstatus $66,000

    Show marketing remark (739 chars)

    COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

20. 2018-09-14
    historical Active Under Contract 739-char remark

    Show marketing remark (739 chars)

    COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

21. 2018-09-09
    status Active 739-char remark

    Show marketing remark (739 chars)

    COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

22. 2018-08-30
    historical Contingent 739-char remark

    Show marketing remark (739 chars)

    COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

23. 2018-08-24
    listed $64,900 Active 739-char remark

    Show marketing remark (739 chars)

    COME SEE THIS ADORABLE 2 BEDROOM /2 BATH CONDO IN A VERY CONVENIENT LOCATION CLOSE TO SHOPPING & RESTAURANTS. SPACIOUS EAT-IN KITCHEN WITH AN OPEN PASS THRU TO THE DINING ROOM! VERY SPACIOUS MASTER BEDROOM WITH A LARGE WALK-IN CLOSET AND A LARGE PICTURE WINDOW WITH VIEWS OUT TO THE BACKYARD WITH LOTS OF TREES AND TROPICAL FOLIAGE. GUEST ROOM HAS NEW TILE FLOORS AND A LARGE WALK-IN CLOSET. RELAX ON THE LANAI WITH WINDOWS YOU CAN OPEN TO ALLOW THE BREEZES TO BLOW THROUGH....OR CLOSE THE WINDOWS AND ENJOY THE COOL A/C! APPLEGREEN FEATURES A RESORT STYLE HEATED POOL, TENNIS COURTS AND SHUFFLEBOARD. ONE PERSON MUST BE 55 YEARS OF AGE, AS THIS IS A 55+ COMMUNITY .....COME ENJOY AFFORDABLE RETIREMENT IN SUNNY SOUTH FLORIDA!!

24. 2018-03-29
    historical
25. 2018-01-14
    price $65,000
26. 2017-12-01
    listed $67,000 Active
27. 2003-11-12
    soldstatus $62,500
28. 1982-06-01
    soldstatus $40,000
29. 1977-10-01
    soldstatus $23,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,123 · $260/mo
• Projected year-2 tax: $3,123 · $260/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,796
• − Mortgage interest: −$5,490
• − Property taxes: −$3,123
• − Insurance: −$490
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − HOA: −$6,000
• − Depreciation: −$2,851
• Taxable income: $2,035
• Est. tax owed @ 24.0%: −$488
• After-tax cash flow: $2,530/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — Margate

• Score: 81/100
• State rank: #85
• US rank: #1398

Category grades

Amenities F Commute A+ Cost of living A- Crime B- Employment C Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Margate, FL
• County: Broward County · 1,963,430 people
• City population: 55,466
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 54,439
• Household income: $64,051
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 3073.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 58% Hispanic / Latino 21% Two or more races 13% White 11% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 1% Dominican 3%
• Common ancestry: Hispanic 17% Estonian 1% Lithuanian 1%
• Foreign-born: 47% · Canada, Jamaica, Vietnam
• Languages at home: 59% English-only · Spanish 19% French/Haitian/Cajun 15% Other Indo-European 2%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -317.60%
• Current HPI: 426.2972
• Rent YoY: ▼ -0.74%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-92.6% since first listed

15 events — show timeline

• 2026-05-14 Listed for Rent $1,750 MARMLS
• 2026-04-06 Listed $105,000 MARMLS
• 2021-11-23 Sold (Public Records) $85,000 Public Records
• 2018-10-15 Sold (Public Records) $66,000 Public Records
• 2018-10-15 Sold (MLS) $66,000 Beaches MLS
• 2018-09-14 Contingent — Beaches MLS
• 2018-09-09 Relisted — Beaches MLS
• 2018-08-30 Contingent — Beaches MLS
• 2018-08-24 Listed $64,900 Beaches MLS
• 2018-03-29 Listing Removed — Beaches MLS
• 2018-01-14 Price Changed $65,000 Beaches MLS
• 2017-12-01 Listed $67,000 Beaches MLS
• 2003-11-12 Sold (Public Records) $62,500 Public Records
• 1982-06-01 Sold (Public Records) $40,000 Public Records
• 1977-10-01 Sold (Public Records) $23,500 Public Records

Property tax history

+20.7%/yr

Latest (2025): $3,123 · +2.1% YoY. Source: county tax records.