Coral Gables, FL Real Estate
According to census data in the year 2000 there were 17,796 housing units in Coral Gables.
This represents a 7.5% growth from 16,561 in 1990.
Of those housing units, 17,796 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Coral Gables is about 66.1%.
Coral Gables's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Coral Gables were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.10% |
| One Bedroom | 18.40% |
| Two Bedrooms | 24.60% |
| Three Bedrooms | 27.30% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 6.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $336,800 |
| Median Price asked for vacant units | $278,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $719 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 10.20% |
| Simple Mortgage | 51.70% |
| Debt Free | 31% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
