Coral Gables, FL—33134
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Coral Gables, FL
Home Price Trends — Coral Gables, FL
As of Oct '25, the median home price in Coral Gables, FL is $857,000, with a year-over-year change of -3.0%. This indicates that home prices in Coral Gables, FL are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $857,000 | -3.0% |
| Single Family | $1,085,000 | -3.5% |
| Condos | $517,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $330,000 | -5.4% |
2 Bed | $625,000 | -3.0% |
3 Bed | $1,098,000 | -3.2% |
4 Bed | $1,810,000 | -1.0% |
| 5 Bed | $3,072,000 | -0.6% |
% of Housing Stock
Rental Trends — Coral Gables, FL
As of July '25, Rentcast reports the average rent in Coral Gables, FL is $3,640, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Coral Gables, FL is studios: $1,870, 1-bedrooms: $2,200, 2-bedrooms: $3,470, 3-bedrooms: $5,520, 4-bedrooms: $7,060. The most common rental property sizes in Coral Gables, FL are 2-bedroom and 1-bedroom, accounting for 38.8% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,080 | $3,640 |
| Studio Rent | $1,720 | $1,870 |
| 1 Bed Rent | $2,000 | $2,200 |
| 2 Bed Rent | $3,200 | $3,470 |
| 3 Bed Rent | $4,980 | $5,520 |
| 4 Bed Rent | $7,600 | $7,060 |
% of Rental Stock
Property Listings — Coral Gables, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Coral Gables, FL is 92. This is a increase of 44.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,270,000 | 0.0% |
Listing Count | 245 | 7.0% |
| Listings as % of Homes | 1.0% | 7.0% |
Days on Market | 92 | 44.0% |
Demographics — Coral Gables, FL
As of the latest ACS Survey released in 2023, Coral Gables, FL has a population of 36,900, which has decreased by -11.8% over the past 5 years. Coral Gables, FL is a moderately popular place for families, as children make up 17.9% of the population. The area has a highly educated workforce, with 54.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | -11.8% |
% Under 18 | 17.9% | 14.7% |
% Seniors | 21.9% | 4.8% |
% WFH | 18.5% | 311.1% |
% w/ College Degree | 54.4% | 11.2% |
As of the latest ACS Survey released in 2023, Coral Gables, FL is a predominantly hispanic area, with 75.1% of the population identifying as hispanic. The hispanic population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Coral Gables, FL is white, making up 20.7% of the population. Foreign-born residents account for 55.1% of the population in Coral Gables, FL, and this percentage has decreased by 1.1% 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 | 20.7% | 11.9% |
% Black | 0.8% | -52.9% |
% Hispanic | 75.1% | -4.6% |
% Asian | 1.7% | 21.4% |
% Foreign Born | 55.1% | -1.1% |
Mortgage and Risk — Coral Gables, FL
According to HUD data as of 2023, there were 480 mortgage originations in Coral Gables, FL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Coral Gables, FL. Investor activity is low, as 4.0% 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 | 480 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Coral Gables, FL
As of 2024, the percent of homes in Coral Gables, FL under the Section 8 program is 2.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Coral Gables, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 170 |
Total Units Section 8 | 169 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $2,000 | $2,120 |
| 2 Bedroom | -$600 | $3,200 | $2,600 |
| 3 Bedroom | -$1,620 | $4,980 | $3,360 |
| 4 Bedroom | -$3,660 | $7,600 | $3,940 |
Affordability — Coral Gables, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $857,000 |
| Median Household Income | $92,000 |