Coral Gables, FL Real Estate

According to census data in the year 2000 there were 17,796 housing units in Coral Gables. This represents a 7.5% growth from 16,561 in 1990.

Of those housing units, 17,796 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Coral Gables is about 66.1%. Coral Gables's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Coral Gables were built after 1958.


Housing Size

Housing Units by Size
Studio Type7.10%
One Bedroom18.40%
Two Bedrooms24.60%
Three Bedrooms27.30%
Four Bedrooms15.70%
Five Bedrooms or more6.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1957
Median Value of occupied units$336,800
Median Price asked for vacant units$278,100

Rented Homes, Apartments and Condos

Average Household Size1.82
Median year structure was built1960
Median Monthly Rent asked for vacant units$719

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage6.60%
Home Equity Loan10.20%
Simple Mortgage51.70%
Debt Free31%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20%