Coral Way, Miami, FL—33145
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coral Way, Miami, FL
As of Oct '25, the median home price in Coral Way, Miami, FL is $699,000, with a year-over-year change of -5.0%. This indicates that home prices in Coral Way, Miami, FL are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $699,000 | -5.0% |
| Single Family | $808,000 | -5.7% |
| Condos | $379,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $316,000 | -7.1% |
2 Bed | $552,000 | -5.0% |
3 Bed | $832,000 | -6.0% |
4 Bed | $1,001,000 | -5.7% |
| 5 Bed | $1,084,000 | -5.7% |
% of Housing Stock
Rental Trends — Coral Way, Miami, FL
As of July '25, Rentcast reports the average rent in Coral Way, Miami, FL is $3,320, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Coral Way, Miami, FL is studios: $1,760, 1-bedrooms: $2,120, 2-bedrooms: $2,880, 3-bedrooms: $4,660, 4-bedrooms: $5,890. The most common rental property sizes in Coral Way, Miami, FL are 2-bedroom and 1-bedroom, accounting for 44.6% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,320 |
| Studio Rent | $1,600 | $1,760 |
| 1 Bed Rent | $2,150 | $2,120 |
| 2 Bed Rent | $2,900 | $2,880 |
| 3 Bed Rent | $4,500 | $4,660 |
| 4 Bed Rent | $5,500 | $5,890 |
% of Rental Stock
Property Listings — Coral Way, Miami, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Coral Way, Miami, FL is 73. This is a increase of 38.0% 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 | $800,000 | -13.0% |
Listing Count | 161 | 14.0% |
| Listings as % of Homes | 0.9% | 14.0% |
Days on Market | 73 | 38.0% |
Demographics — Coral Way, Miami, FL
As of the latest ACS Survey released in 2023, Coral Way, Miami, FL has a population of 29,500, which has decreased by -6.4% over the past 5 years. Coral Way, Miami, FL is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | -6.4% |
% Under 18 | 18.3% | 25.3% |
% Seniors | 20.6% | -1.0% |
% WFH | 14.4% | 188.0% |
% w/ College Degree | 42.3% | 29.8% |
As of the latest ACS Survey released in 2023, Coral Way, Miami, FL is a predominantly hispanic area, with 78.7% of the population identifying as hispanic. The hispanic population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Coral Way, Miami, FL is white, making up 15.7% of the population. Foreign-born residents account for 58.8% of the population in Coral Way, Miami, FL, and this percentage has decreased by 6.1% 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 | 15.7% | 51.0% |
% Black | 1.5% | -48.3% |
% Hispanic | 78.7% | -10.0% |
% Asian | 1.1% | 37.5% |
% Foreign Born | 58.8% | -6.1% |
Mortgage and Risk — Coral Way, Miami, FL
According to HUD data as of 2023, there were 259 mortgage originations in Coral Way, Miami, FL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Coral Way, Miami, FL. Investor activity is low, as 2.0% 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 | 259 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Coral Way, Miami, FL
As of 2024, the percent of homes in Coral Way, Miami, FL under the Section 8 program is 1.7%. 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 Coral Way, 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 | 137 |
Total Units Section 8 | 107 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $2,150 | $2,090 |
| 2 Bedroom | -$330 | $2,900 | $2,570 |
| 3 Bedroom | -$1,180 | $4,500 | $3,320 |
| 4 Bedroom | -$1,610 | $5,500 | $3,890 |
Affordability — Coral Way, Miami, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.1 |
| Median Home Price | $699,000 |
| Median Household Income | $70,600 |