Coral Gables, FL is an affluent area with a median house value of $1,176,400. This is much higher than the US median house value of $338,100 and the appreciation rate of Coral Gables' houses in the last year has been nearly double that of the national average at 22.94%. The high prices in the area indicate strong demand for housing in Coral Gables and many people are willing to pay premium prices to live there.
The median home cost in Coral Gables is $1,176,400. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Coral Gables is up 25.1%.
Average Age of Homes
- The median age of Coral Gables real estate is 51 years old
The Rental Market in Coral Gables
- Renters make up 30.5% of the Coral Gables population
- 3.9% of houses and apartments in Coral Gables, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.