Located in the heart of Margate, Florida, the address 1135 Banks Rd, Margate, FL 33063, United States, is a significant spot in Broward County. This region is known for its vibrant community, rich history, and diverse economic activities. Margate, with a population of around 57,000 people, offers a mix of suburban living and access to urban amenities, making it an attractive place for both residents and businesses.
Demographic and Economic Overview
Margate’s demographic profile is characterized by a diverse population with a wide range of ages, incomes, and ethnic backgrounds. The city’s economy is supported by various sectors, including healthcare, retail, and services, which provide employment opportunities for its residents. The presence of small and medium-sized enterprises, along with larger corporations, contributes to the economic vitality of the area.
Real Estate and Infrastructure
The real estate market in Margate is varied, offering a range of housing options from single-family homes to condominiums and apartments. The area around 1135 Banks Rd is likely to feature a mix of residential and commercial properties, reflecting the city’s effort to balance growth with community needs. In terms of infrastructure, Margate is well-connected, with easy access to major highways and public transportation, facilitating commute and travel for both locals and visitors.
| Demographic Category | Statistic |
|---|---|
| Population (2020) | 57,047 |
| Median Household Income | $43,581 |
| Median Home Value | $173,400 |
Key Points
- Margate, FL, offers a unique blend of suburban and urban living, making it appealing for a wide range of residents.
- The local economy is diverse, with key sectors including healthcare, retail, and services.
- The real estate market in Margate features a variety of housing options, catering to different budgets and preferences.
- Infrastructure in the area is well-developed, ensuring easy access to major transportation routes.
- Understanding local demographic and economic trends is essential for making informed decisions about investment or relocation.
Community and Amenities
Margate is known for its community-oriented approach, with various parks, recreational facilities, and community events that foster a sense of belonging among residents. The city also boasts a range of amenities, including shopping centers, restaurants, and healthcare facilities, which contribute to the quality of life for those living and working in the area.
Education and Healthcare
Education is a priority in Margate, with a selection of public and private schools serving the community. Additionally, the city is close to several higher education institutions, providing access to further learning opportunities. In terms of healthcare, Margate is served by nearby hospitals and medical centers, ensuring that residents have access to quality healthcare services.
The address 1135 Banks Rd, Margate, FL 33063, is situated in a dynamic and growing community that offers a great balance of lifestyle, economic opportunity, and access to amenities. Whether considering residential, commercial, or investment opportunities, understanding the local context is key to making informed decisions.
What is the median home value in Margate, FL?
+The median home value in Margate, FL, is approximately $173,400, reflecting the area's appeal and the state of the local real estate market.
What are the main sectors of the economy in Margate?
+The economy in Margate is supported by various sectors, with healthcare, retail, and services being among the most significant. These sectors provide a range of employment opportunities and contribute to the city's economic stability.
How would you describe the community in Margate, FL?
+Margate, FL, is known for its vibrant and diverse community. The city hosts various community events and has a range of amenities, including parks and recreational facilities, which foster a sense of community among its residents.
In conclusion, the area around 1135 Banks Rd, Margate, FL 33063, presents a compelling opportunity for those looking to be part of a thriving community with access to a range of amenities and economic opportunities. By understanding the local demographic, economic, and community aspects, individuals and businesses can make informed decisions that align with their goals and aspirations.
