What is the median rent in Coral Terrace, FL?
The median gross rent in Coral Terrace, FL is $1,759 (±$168) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 3,059 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Coral Terrace, the median gross rent went from $1,487 in 2015–2019 to $1,759 in 2020–2024 (+18.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,759 (±$168)
- Rented homes
- 3,059 (±489)
- $2,000 or more
- 36.3%
- Since 2015–2019
- +18.3%
How much rent costs in Coral Terrace
| Monthly gross rent | Coral Terrace | Miami-Dade County | Florida | United States |
|---|---|---|---|---|
| Less than $500 | 0.7% (±1.0 points) | 5.7% | 3.6% | 6.3% |
| $500 to $999 | 11.3% (±10.9 points) | 6.3% | 10.7% | 20.2% |
| $1,000 to $1,499 | 23.2% (±8.4 points) | 19.0% | 26.0% | 28.1% |
| $1,500 to $1,999 | 28.5% (±9.6 points) | 28.8% | 28.8% | 21.1% |
| $2,000 to $2,499 | 22.4% (±8.0 points) | 19.5% | 17.4% | 12.0% |
| $2,500 to $2,999 | 9.3% (±4.2 points) | 9.9% | 7.2% | 5.5% |
| $3,000 or more | 4.6% (±2.9 points) | 10.8% | 6.3% | 6.8% |
The most common range is $1,500 to $1,999, paid by 28.5% of renting households.
36.3% of rented homes in Coral Terrace cost $2,000 or more a month.
Coral Terrace against Miami-Dade County, its state and the nation
| Coral Terrace | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Median gross rent | $1,759 (±$168) | $1,829 (±$10) | $1,669 (±$5) | $1,413 |
| Rented homes paying rent | 3,059 (±489) | 451,853 (±5,202) | 2,716,443 (±16,958) | 42,849,984 |
In Coral Terrace, median gross rent is not measurably different from Miami-Dade County ($1,829).
It is not measurably different from Florida ($1,669).
It is higher than the national figure ($1,413).
In Miami-Dade County, Coral Terrace ranks 43 of 66 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 281 of 793.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Coral Terrace has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,487 (±$100) | $1,759 (±$168) | +18.3% | No measurable change after inflation |
| Households that rent | 32.8% (±3.3 points) | 39.7% (±4.2 points) | +6.9 percentage points | Measurable increase |
| Rental vacancy rate | 2.3% (±2.5 points) | 3.7% (±2.7 points) | +1.4 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Coral Terrace
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Coral Terrace | — | $1,759 (±$168) | — |
| West Miami | 0.9 mi | $2,210 (±$140) | Higher |
| Olympia Heights | 2.5 mi | $2,124 (±$583) | Not measurably different |
| Glenvar Heights | 2.6 mi | $1,973 (±$96) | Higher |
| South Miami | 2.7 mi | $1,764 (±$149) | Not measurably different |
| Westchester | 3.0 mi | $1,819 (±$71) | Not measurably different |
| Fountainebleau | 3.2 mi | $2,094 (±$71) | Higher |
| Sunset | 4.1 mi | $2,118 (±$158) | Higher |
| Westwood Lakes | 4.3 mi | $2,472 (±$474) | Higher |
Nearby places with a measurably higher figure: West Miami, FL ($2,210), Glenvar Heights, FL ($1,973), Fountainebleau, FL ($2,094).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Miami-Dade County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 37 | Ojus | $1,810 (±$63) |
| 38 | Kendall West | $1,808 (±$73) |
| 39 | Richmond Heights | $1,801 (±$94) |
| 40 | Miami Gardens | $1,787 (±$53) |
| 41 | Sweetwater | $1,771 (±$82) |
| 42 | South Miami | $1,764 (±$149) |
| 43 | Coral Terrace | $1,759 (±$168) |
| 44 | Miami | $1,758 (±$26) |
| 45 | North Miami Beach | $1,750 (±$62) |
| 46 | Leisure City | $1,723 (±$70) |
| 47 | Naranja | $1,713 (±$60) |
| 48 | North Miami | $1,702 (±$47) |
| 49 (tie) | Hialeah | $1,689 (±$24) |
Showing 13 of 66 places in Miami-Dade County, ranked from highest to lowest.
Coral Terrace is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Coral Terrace
What is the average rent in Coral Terrace, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Coral Terrace is $1,759 (±$168) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Coral Terrace?
In Coral Terrace, the median gross rent went from $1,487 in 2015–2019 to $1,759 in 2020–2024 (+18.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Coral Terrace cost more than $2,000 a month?
36.3% of rented homes in Coral Terrace have a gross rent of $2,000 or more a month, and 0.7% cost less than $500.
Is rent in Coral Terrace higher than in Miami-Dade County?
In Coral Terrace, median gross rent is not measurably different from Miami-Dade County ($1,829).
It is not measurably different from Florida ($1,669).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Coral Terrace CDP, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Coral Terrace CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Coral Terrace CDP, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Coral Terrace CDP, Florida (place:14412, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Bedrooms in Coral Terrace
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- Commute and cars in Coral Terrace
- Population growth in Coral Terrace
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- Crowding and facilities in Coral Terrace
- Fair Market Rent in Coral Terrace
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Florida places ranked by median rent
- Housing data for every place in Florida