Coconut Grove, Miami, FL—33133
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coconut Grove, Miami, FL
As of Oct '25, the median home price in Coconut Grove, Miami, FL is $1,229,000, with a year-over-year change of 0.2%. This indicates that home prices in Coconut Grove, Miami, FL are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,229,000 | 0.2% |
| Single Family | $1,491,000 | 0.5% |
| Condos | $891,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $402,000 | -5.6% |
2 Bed | $885,000 | -0.9% |
3 Bed | $1,579,000 | 1.9% |
4 Bed | $2,626,000 | -1.2% |
| 5 Bed | $4,671,000 | -1.6% |
% of Housing Stock
Rental Trends — Coconut Grove, Miami, FL
As of July '25, Rentcast reports the average rent in Coconut Grove, Miami, FL is $4,420, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Coconut Grove, Miami, FL is studios: $2,070, 1-bedrooms: $2,910, 2-bedrooms: $4,720, 3-bedrooms: $6,180, 4-bedrooms: $7,190. The most common rental property sizes in Coconut Grove, Miami, FL are 1-bedroom and 2-bedroom, accounting for 35.4% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $4,420 |
| Studio Rent | $1,930 | $2,070 |
| 1 Bed Rent | $2,450 | $2,910 |
| 2 Bed Rent | $3,500 | $4,720 |
| 3 Bed Rent | $6,500 | $6,180 |
| 4 Bed Rent | $7,600 | $7,190 |
% of Rental Stock
Property Listings — Coconut Grove, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Coconut Grove, Miami, FL is 102. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,830,000 | -11.0% |
Listing Count | 402 | 6.0% |
| Listings as % of Homes | 1.7% | 6.0% |
Days on Market | 102 | 33.0% |
Demographics — Coconut Grove, Miami, FL
As of the latest ACS Survey released in 2023, Coconut Grove, Miami, FL has a population of 34,700, which has remained stable by 0.6% over the past 5 years. Coconut Grove, Miami, FL is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 62.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,700 | 0.6% |
% Under 18 | 21.1% | 4.5% |
% Seniors | 16.5% | -13.6% |
% WFH | 21.9% | 167.1% |
% w/ College Degree | 62.1% | 25.7% |
As of the latest ACS Survey released in 2023, Coconut Grove, Miami, FL is a predominantly hispanic area, with 57.1% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Coconut Grove, Miami, FL is white, making up 28.1% of the population. Foreign-born residents account for 42.2% of the population in Coconut Grove, Miami, FL, and this percentage has decreased by 3.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 28.1% | -5.7% |
% Black | 9.6% | -11.9% |
% Hispanic | 57.1% | -0.9% |
% Asian | 2.2% | 46.7% |
% Foreign Born | 42.2% | -3.7% |
Mortgage and Risk — Coconut Grove, Miami, FL
According to HUD data as of 2023, there were 406 mortgage originations in Coconut Grove, Miami, FL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Coconut Grove, Miami, FL. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 406 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Coconut Grove, Miami, FL
As of 2024, the percent of homes in Coconut Grove, Miami, FL under the Section 8 program is 7.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Coconut Grove, Miami, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 605 |
Total Units Section 8 | 552 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $2,450 | $2,150 |
| 2 Bedroom | -$860 | $3,500 | $2,640 |
| 3 Bedroom | -$3,090 | $6,500 | $3,410 |
| 4 Bedroom | -$3,600 | $7,600 | $4,000 |
Affordability — Coconut Grove, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.1 |
| Median Home Price | $1,229,000 |
| Median Household Income | $92,700 |