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These days, finding an affordable place to live in the South Coconut Grove area can be challenging. Home prices in South Coconut Grove are now at a median cost of $1,224,712, higher than the Miami average of $492,262.
The average cost of rent is $1,698/mo in South Coconut Grove, primarily driven by the current value of real estate in the South Coconut Grove area. In South Coconut Grove, 41.99% of households rent, and 38.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Coconut Grove is $9,063 per month. Households that rent pay about 18.74% of their income on rent here. South Coconut Grove’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Italian Village, Coral Gables, FL: equally priced homes
- North Coconut Grove, Miami, FL: equally priced homes
- Riviera, Coral Gables, FL: equally priced homes
- Coral Way, Miami, FL: less expensive homes
- West Flagler, Miami, FL: less expensive homes
- Little Havana, Miami, FL: less expensive homes
- Flagami, Miami, FL: less expensive homes
- Overtown, Miami, FL: less expensive homes
- Allapattah, Miami, FL: less expensive homes
- Downtown Miami, Miami, FL: less expensive homes
Neighborhoods with Similar Populations
- Willard-Hay, Minneapolis, MN: less expensive homes
- Rossville, Staten Island, NY: less expensive homes
- Plaza Terrace, Tampa, FL: less expensive homes
- Old Seminol Heights, Tampa, FL: less expensive homes
- Oakland, Pittsburgh, PA: less expensive homes
- Lincoln Village West, Stockton, CA: less expensive homes
- North Indian Trail, Spokane, WA: less expensive homes
- East English Village, Detroit, MI: less expensive homes
- Duluth Heights, Duluth, MN: less expensive homes
- Murray Hill, Jacksonville, FL: less expensive homes
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