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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 9.90% |
| One Bedroom | 15.50% |
| Two Bedrooms | 28.50% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 7.30% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.07 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $136,200 |
| Median Price asked for vacant units | $197,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.05 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $800 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 9.20% |
| Home Equity Loan | 6.30% |
| Simple Mortgage | 51.90% |
| Debt Free | 32.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.3% |
