Coral Terrace, FL Real Estate

According to census data in the year 2000 there were 7,960 housing units in Coral Terrace. This represents a 2.2% growth from 7,789 in 1990.

Of those housing units, 7,960 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 Terrace is about 70.9%. Coral Terrace's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 3.07 people.

The majority of houses, apartments or condos in Coral Terrace were built after 1958.


Housing Size

Housing Units by Size
Studio Type9.90%
One Bedroom15.50%
Two Bedrooms28.50%
Three Bedrooms36.80%
Four Bedrooms7.30%
Five Bedrooms or more2%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.07
Median year structure was built1956
Median Value of occupied units$136,200
Median Price asked for vacant units$197,400

Rented Homes, Apartments and Condos

Average Household Size3.05
Median year structure was built1964
Median Monthly Rent asked for vacant units$800

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage9.20%
Home Equity Loan6.30%
Simple Mortgage51.90%
Debt Free32.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.3%