Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Coral Gables area can be challenging. Home prices in Coral Gables are now at a median cost of $978,499, higher than the Florida average of $278,762.
The average cost of rent is $2,184/mo in Coral Gables, primarily driven by the current value of real estate in the Coral Gables area. While nearly 45.81% of residents own their homes outright in Coral Gables, 29.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Coral Gables is $11,983 per month. Households that rent pay about 18.23% of their income on rent here. Coral Gables's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- South Miami, FL: less expensive homes
- Coral Terrace, FL: less expensive homes
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- Glenvar Heights, FL: less expensive homes
- Westchester, FL: less expensive homes
- Pinecrest, FL: equally priced homes
- Sunset, FL: less expensive homes
- Virginia Gardens, FL: less expensive homes
Cities with Similar Populations
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- Shelby, NC: less expensive homes
- Rancho Palos Verdes, CA: higher priced homes
- Prattville, AL: less expensive homes
- Painesville, OH: less expensive homes
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