What is the rental vacancy rate in Coral Terrace, FL?
The rental vacancy rate in Coral Terrace, FL is 3.7% (±2.7 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±1.0 points).
482 (±210) homes, 5.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Coral Terrace, the rental vacancy rate went from 2.3% in 2015–2019 to 3.7% in 2020–2024 (+1.4 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 3.7% (±2.7 points)
- Homeowner vacancy rate
- 0.0% (±1.0 points)
- Vacant homes
- 482 (±210)
Vacancy in Coral Terrace against Miami-Dade County, its state and the nation
| Coral Terrace | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 3.7% (±2.7 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±1.0 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 482 (±210) | 119,572 (±2,516) | 1,503,660 (±20,826) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Coral Terrace, the rental vacancy rate is not measurably different from Miami-Dade County (5.5%).
It is also lower than in Florida (7.6%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Coral Terrace
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Coral Terrace | — | 3.7% (±2.7 points) | — |
| West Miami | 0.9 mi | 6.3% (±5.5 points) | Not measurably different |
| Olympia Heights | 2.5 mi | 2.7% (±4.3 points) | Not measurably different |
| Glenvar Heights | 2.6 mi | 7.4% (±3.5 points) | Not measurably different |
| South Miami | 2.7 mi | 6.3% (±3.5 points) | Not measurably different |
| Westchester | 3.0 mi | 5.0% (±2.6 points) | Not measurably different |
| Fountainebleau | 3.2 mi | 8.7% (±2.3 points) | Higher |
| Sunset | 4.1 mi | 1.3% (±2.1 points) | Not measurably different |
| Westwood Lakes | 4.3 mi | 2.8% (±4.3 points) | Not measurably different |
Nearby places with a measurably higher figure: Fountainebleau, FL (8.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Miami-Dade County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 25 | West Perrine | 4.6% (±4.1 points) |
| 26 (tie) | Biscayne Gardens | 4.5% (±2.2 points) |
| 26 (tie) | Cutler Bay | 4.5% (±2.3 points) |
| 28 | Pinewood | 4.2% (±2.4 points) |
| 29 | The Hammocks | 4.0% (±2.0 points) |
| 30 | Westview | 3.8% (±4.5 points) |
| 31 (tie) | Coral Terrace | 3.7% (±2.7 points) |
| 31 (tie) | South Miami Heights | 3.7% (±2.1 points) |
| 33 (tie) | Ives Estates | 3.6% (±2.9 points) |
| 33 (tie) | North Miami | 3.6% (±1.4 points) |
| 35 | Naranja | 3.4% (±3.3 points) |
| 36 (tie) | Palmetto Bay | 3.3% (±3.5 points) |
| 36 (tie) | Tamiami | 3.3% (±1.5 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
Is it hard to find a rental in Coral Terrace?
The rental vacancy rate in Coral Terrace, FL is 3.7% (±2.7 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Coral Terrace tighter than it was?
In Coral Terrace, the rental vacancy rate went from 2.3% in 2015–2019 to 3.7% in 2020–2024 (+1.4 percentage points), not a measurable change.
How many homes are vacant in Coral Terrace?
An estimated 482 (±210) housing units, 5.5% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Coral Terrace CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Coral Terrace CDP, Florida
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 DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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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- Florida landlord and tenant rules
- Housing across Miami-Dade County
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- Housing data for every place in Florida