| ZIP Code | 08402 |
|---|---|
| City | Margate City |
| State | New Jersey (NJ) |
| County | Atlantic County |
| Area Code | 609/640 |
| Elevation | 6 ft |
| Latitude | 39.326385 |
|---|---|
| Longitude | -74.504473 |
| Timezone | New York (DST) |
| FIPS | 34001 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.9 yrs |
|---|---|
| Avg Household Size | 2.00 |
| Below Poverty | 6.2% ▼ 38% below avg |
| College Grads | 68.3% ▲ 76% above avg |
| Unemployment | 3.2% ▼ 35% below avg |
| HS Graduate | 632 (16.6%) |
| Some College | 195 (5.1%) |
| Associates | 380 (10%) |
| Bachelors | 308 (8.1%) |
| Graduate Degree | 2,289 (60.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $114,417 ▲ 50% above avg ↑ 38% since 2019 |
|---|---|
| Median Home Value | $645,200 ▲ 131% above avg ↑ 33% since 2019 |
| Home/Income Ratio | 5.6x (nat avg ~3.5x) |
| Median Rent | $1,368/mo ↑ 4% since 2019 |
| Total Units | 6,940 |
| Vacant Units | 4,315 |
| Avg HH Size | 2.00 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,940 |
|---|---|
| Vacant | 4,315 |
| Owner Occupied | 89.8% |
| Renter Occupied | 10.3% |
| Avg HH Size | 2.00 |
ZIP code 08402 is located in Margate City, New Jersey, within Atlantic County. With a population of 5,260, this is a lightly populated ZIP code with an older community — the median age is 57.9 years. Economically, 08402 is a upper-middle-income ZIP code: the median household income of $114,417 is above the national average.
Real estate in ZIP code 08402 represents a premium housing market. The median home value of $645,200 is more than double the national average. Renters can expect to pay around $1,368 per month in median rent. Homeownership is strong here — 89.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 33% since 2019.
The population of 08402 is primarily White (94.45%). Residents are highly educated — 68.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 6.2%. Household income has grown by 38% since 2019.
The unemployment rate in 08402 stands at 3.2%, which is below the national average. About 17% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 63%.
Overall, ZIP code 08402 in Margate City, NJ is characterized as upper-middle-income, highly educated, an older community, and predominantly owner-occupied. With 5,260 residents, a median household income of $114,417, and a median home value of $645,200, it offers a clear picture of life in this part of New Jersey.