Coral Gables, FL—33146
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 $1,802,000, with a year-over-year change of -2.2%. This indicates that home prices in Coral Gables, FL are decreasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,802,000 | -2.2% |
| Single Family | $2,063,000 | -2.8% |
| Condos | $514,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $353,000 | -10.6% |
2 Bed | $681,000 | -5.0% |
3 Bed | $1,751,000 | -2.7% |
4 Bed | $2,485,000 | -3.9% |
| 5 Bed | $3,944,000 | -4.7% |
% of Housing Stock
Rental Trends — Coral Gables, FL
As of July '25, Rentcast reports the average rent in Coral Gables, FL is $4,490, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Coral Gables, FL is studios: $2,180, 1-bedrooms: $2,930, 2-bedrooms: $3,490, 3-bedrooms: $6,840, 4-bedrooms: $6,500. The most common rental property sizes in Coral Gables, FL are 2-bedroom and 1-bedroom, accounting for 35.6% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $4,490 |
| Studio Rent | $2,250 | $2,180 |
| 1 Bed Rent | $3,130 | $2,930 |
| 2 Bed Rent | $3,200 | $3,490 |
| 3 Bed Rent | $6,950 | $6,840 |
| 4 Bed Rent | $6,000 | $6,500 |
% 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 100. This is a increase of 10.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,710,000 | -21.0% |
Listing Count | 103 | 31.0% |
| Listings as % of Homes | 1.2% | 31.0% |
Days on Market | 100 | 10.0% |
Demographics — Coral Gables, FL
As of the latest ACS Survey released in 2023, Coral Gables, FL has a population of 18,900, which has increased by 16.7% over the past 5 years. Coral Gables, FL is a less popular place for families, as children make up 14.9% of the population. The area has a highly educated workforce, with 75.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | 16.7% |
% Under 18 | 14.9% | -15.8% |
% Seniors | 13.1% | 10.1% |
% WFH | 27.6% | 268.0% |
% w/ College Degree | 75.3% | 7.1% |
As of the latest ACS Survey released in 2023, Coral Gables, FL is a predominantly hispanic area, with 41.2% of the population identifying as hispanic. The hispanic population has shrunk by 15.1% in the last 5 years. The second most common race or ethnicity in Coral Gables, FL is white, making up 39.0% of the population. Foreign-born residents account for 28.7% of the population in Coral Gables, FL, and this percentage has decreased by 1.4% 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 | 39.0% | -5.6% |
% Black | 6.2% | 21.6% |
% Hispanic | 41.2% | -15.1% |
% Asian | 8.4% | 110.0% |
% Foreign Born | 28.7% | -1.4% |
Mortgage and Risk — Coral Gables, FL
According to HUD data as of 2023, there were 190 mortgage originations in Coral Gables, FL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Coral Gables, 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 | 190 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% 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 0.0%. 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. 2-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 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $3,130 | $2,840 |
| 2 Bedroom | $290 | $3,200 | $3,490 |
| 3 Bedroom | -$2,440 | $6,950 | $4,510 |
| 4 Bedroom | -$720 | $6,000 | $5,280 |
Affordability — Coral Gables, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.4 |
| Median Home Price | $1,802,000 |
| Median Household Income | $125,000 |