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

Tenure, estimate (90% margin of error)
Coral TerraceMiami-Dade CountyFloridaUnited States
Renter-occupied share39.7% (±4.2 points)47.8% (±0.5 points)32.4% (±0.2 points)34.8%
Renting households3,259 (±493)465,971 (±5,269)2,834,163 (±17,461)45,017,354
Owning households4,951 (±416)509,440 (±5,300)5,918,647 (±31,594)84,210,142
Average renter household size2.9 (±0.3)2.6 (±0.0)2.5 (±0.0)2.3
Average owner household size3.1 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent32.8% (±3.3 points)39.7% (±4.2 points)+6.9 percentage pointsMeasurable 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

Nearest places with a published estimate, compared with Coral Terrace
PlaceDistanceHouseholds that rentCompared with this place
Coral Terrace—39.7% (±4.2 points)—
West Miami0.9 mi49.7% (±5.7 points)Higher
Olympia Heights2.5 mi15.2% (±5.3 points)Lower
Glenvar Heights2.6 mi56.5% (±5.2 points)Higher
South Miami2.7 mi39.8% (±5.2 points)Not measurably different
Westchester3.0 mi34.8% (±3.4 points)Not measurably different
Fountainebleau3.2 mi56.1% (±3.2 points)Higher
Sunset4.1 mi23.0% (±4.3 points)Lower
Westwood Lakes4.3 mi23.2% (±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

RankPlaceHouseholds that rent
29West Little River43.4% (±4.6 points)
30Ives Estates43.2% (±5.3 points)
31Bal Harbour42.4% (±10.8 points)
32Miami Lakes40.2% (±3.1 points)
33Indian Creek40.0% (±49.0 points)
34South Miami39.8% (±5.2 points)
35Coral Terrace39.7% (±4.2 points)
36Miami Springs38.9% (±6.0 points)
37Hialeah Gardens38.8% (±4.7 points)
38South Miami Heights37.9% (±3.3 points)
39Kendall37.8% (±2.8 points)
40The Hammocks37.3% (±3.5 points)
41Aventura36.4% (±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

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.

Request a Census API 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 .

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