LOOKING TO BUY A HOUSE IN MARGATE?
Honore Investments & Property Management Group LLC is
Because most of our inventory are foreclosure properties, we are able to sell them at a very, very deep discount! In fact, we will not sell any foreclosure property that does not have at least forty percent (40%) of real equity in it! While we sell Margate foreclosure properties to a wide variety of buyers, most of our customers tend to fall into one of these four groups:.
- First-Time Homebuyers looking to buy a Single Family Home in Margate with a mortgage of less than $975/month using President Obama’s $8000.00 Tax Credit.
- Foreclosure victims with damaged credit who needs to buy a house with direct financing from the seller instead of trying to qualify through a bank.
- Seasoned real estate investors and landlords seeking to expand their portfolio of properties.
- Move-up homebuyers looking to take advantage of the Government's $6500.00 Move-up/Repeat Homebuyer Tax Credit.
- Northerners seeking to buy a retirement home in Margate.
- Professionals looking to move a portion of retirement funds (401K, Stocks, Mutual funds, CDs) into real property while the market is at the bottom.
Demographics
As of the census of 2000, there were 54,909 people, 22,714 households, and 14,332 families residing in the city. The population density was 2,362.6/km² (6,120.6/mi²). There were 24,740 housing units at an average density of 1,084.2/km² (2,808.9/mi²). The racial makeup of the city was 78.80% White (67.8% were Non-Hispanic White,) 11.63% African American or Black, 0.26% Native American, 2.78% Asian, 0.06% Pacific Islander, 2.87% from other races, and 3.61% from two or more races. Hispanic or Latino of any race were 15.28% of the population.
There were 22,714 households out of which 25.8% had children under the age of 18 living with them, 49.1% were married couples living together, 10.2% had a female householder with no husband present, and 36.9% were non-families. 30.8% of all households were made up of individuals and 18.0% had someone living alone who was 65 years of age or older. The average household size was 2.36 and the average family size was 2.95.
In the city the population was spread out with 20.9% under the age of 18, 6.5% from 18 to 24, 29.2% from 25 to 44, 21.7% from 45 to 64, and 21.7% who were 65 years of age or older. The median age was 40 years. For every 100 females there were 89.5 males. For every 100 females age 18 and over, there were 85.6 males.
The median income for a household in the city was $38,722, and the median income for a family was $48,254. Males had a median income of $35,630 versus $26,624 for females. The per capita income for the city was $20,308. About 5.5% of families and 8.4% of the population were below the poverty line, including 10.7% of those under age 18 and 10.4% of those age 65 or over.
As of 2000, 75.9% of residents speak English as their first language, 13.8% speak Spanish, 2.85% French Creole, 1.69% French, and 1.20% Italian.
As of 2000, Margate was the sixty-sixth most Colombian-populated area in the US at 2.22% of residents. It was also the forty-ninth most Haitian-populated area (tied with Pleasantville, New Jersey) at 3.2% and forty-third most Jamaican-populated area (tied with Opa-Locka) at 3% of the population.