What percentage of people rent in Coral Terrace, FL?
39.7% (±4.2 points) of the occupied homes in Coral Terrace, FL are rented (2020–2024 American Community Survey).
That is 3,259 renting households against 4,951 that own their home.
In Coral Terrace, the share of households that rent went from 32.8% in 2015–2019 to 39.7% in 2020–2024 (+6.9 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 39.7% (±4.2 points)
- Renting households
- 3,259 (±493)
- Median renter income
- $62,449 (±$8,641)
Who rents and who owns in Coral Terrace
| Coral Terrace | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Renter-occupied share | 39.7% (±4.2 points) | 47.8% (±0.5 points) | 32.4% (±0.2 points) | 34.8% |
| Renting households | 3,259 (±493) | 465,971 (±5,269) | 2,834,163 (±17,461) | 45,017,354 |
| Owning households | 4,951 (±416) | 509,440 (±5,300) | 5,918,647 (±31,594) | 84,210,142 |
| Average renter household size | 2.9 (±0.3) | 2.6 (±0.0) | 2.5 (±0.0) | 2.3 |
| Average owner household size | 3.1 (±0.2) | 2.9 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $62,449 (±$8,641) | $53,660 (±$1,055) | $53,617 (±$353) | $52,966 |
| Median owner household income | $105,250 (±$14,043) | $94,956 (±$1,395) | $88,144 (±$469) | $100,009 |
In Coral Terrace, the renter share is lower than in Miami-Dade County (47.8%).
It is also higher than in Florida (32.4%).
It is higher than the national figure (34.8%).
In Miami-Dade County, Coral Terrace ranks 35 of 70 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 214 of 857.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Coral Terrace has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 32.8% (±3.3 points) | 39.7% (±4.2 points) | +6.9 percentage points | Measurable increase |
| Median gross rent | $1,487 (±$100) | $1,759 (±$168) | +18.3% | No measurable change after inflation |
| Median household income | $62,547 (±$5,176) | $80,353 (±$2,929) | +28.5% | No measurable change after inflation |
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.
Households that rent in places near Coral Terrace
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Coral Terrace | — | 39.7% (±4.2 points) | — |
| West Miami | 0.9 mi | 49.7% (±5.7 points) | Higher |
| Olympia Heights | 2.5 mi | 15.2% (±5.3 points) | Lower |
| Glenvar Heights | 2.6 mi | 56.5% (±5.2 points) | Higher |
| South Miami | 2.7 mi | 39.8% (±5.2 points) | Not measurably different |
| Westchester | 3.0 mi | 34.8% (±3.4 points) | Not measurably different |
| Fountainebleau | 3.2 mi | 56.1% (±3.2 points) | Higher |
| Sunset | 4.1 mi | 23.0% (±4.3 points) | Lower |
| Westwood Lakes | 4.3 mi | 23.2% (±6.2 points) | Lower |
Nearby places with a measurably lower figure: Olympia Heights, FL (15.2%), Sunset, FL (23.0%), Westwood Lakes, FL (23.2%).
Nearby places with a measurably higher figure: West Miami, FL (49.7%), Glenvar Heights, FL (56.5%), Fountainebleau, FL (56.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Miami-Dade County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 29 | West Little River | 43.4% (±4.6 points) |
| 30 | Ives Estates | 43.2% (±5.3 points) |
| 31 | Bal Harbour | 42.4% (±10.8 points) |
| 32 | Miami Lakes | 40.2% (±3.1 points) |
| 33 | Indian Creek | 40.0% (±49.0 points) |
| 34 | South Miami | 39.8% (±5.2 points) |
| 35 | Coral Terrace | 39.7% (±4.2 points) |
| 36 | Miami Springs | 38.9% (±6.0 points) |
| 37 | Hialeah Gardens | 38.8% (±4.7 points) |
| 38 | South Miami Heights | 37.9% (±3.3 points) |
| 39 | Kendall | 37.8% (±2.8 points) |
| 40 | The Hammocks | 37.3% (±3.5 points) |
| 41 | Aventura | 36.4% (±3.7 points) |
Showing 13 of 70 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
How many renters are there in Coral Terrace?
Coral Terrace has an estimated 3,259 (±493) renting households, 39.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Coral Terrace?
In Coral Terrace, the share of households that rent went from 32.8% in 2015–2019 to 39.7% in 2020–2024 (+6.9 percentage points), a measurable increase.
How big are renting households in Coral Terrace?
A renting household in Coral Terrace has 2.9 people on average, against 3.1 in an owned home.
How much do renters earn in Coral Terrace?
The median renting household in Coral Terrace, FL has an income of $62,449 (±$8,641) a year, against $105,250 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Coral Terrace CDP, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Coral Terrace CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Coral Terrace CDP, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Coral Terrace CDP, Florida
- Median Household Income (B19013), 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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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
- Housing in Coral Terrace at a glance
- Median rent in Coral Terrace
- Rent by bedrooms in Coral Terrace
- Rent burden in Coral Terrace
- Income and affordability in Coral Terrace
- Home values in Coral Terrace
- Homeowner costs in Coral Terrace
- Property taxes in Coral Terrace
- Types of homes in Coral Terrace
- Bedrooms in Coral Terrace
- Age of homes in Coral Terrace
- Vacancy rate in Coral Terrace
- Heating fuel in Coral Terrace
- Commute and cars in Coral Terrace
- Population growth in Coral Terrace
- How long people stay in Coral Terrace
- 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 share of renters
- Housing data for every place in Florida