Rent To Own Homes in Coral Gables, FL

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5 View this home at Minorca Ave Coral Gables FL 33134
$894,902 EMV
Minorca Ave
Coral Gables, FL 33134
3 |
EST. RENT: $3,450
AUCTION: 07-29-2024
3 |
View this home at Caligula Ave Coral Gables FL 33146
$5,139,396 EMV
Caligula Ave
Coral Gables, FL 33146
5 |
EST. RENT: $6,180
AUCTION: 04-24-2024
5 |
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Home Value Estimator For Coral Gables, FL

There are currently 19,774 real estate properties in Coral Gables, FL, with a median automated valuation model (AVM) price of $1,165,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Coral Gables, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Coral Gables, FL, is $1,814,303.00, with the most expensive house in Coral Gables, FL, topping out at $67,267,300.00 and the cheapest home in Coral Gables, FL, clocking in at $81,259.00. In other words, there’s something for every potential homebuyer or savvy investor in Coral Gables, FL!

Rent Prices In Coral Gables, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Coral Gables, FL, is on a rollercoaster ride. The average rent price in Coral Gables, FL, is $3,093.00. Indeed, when looking to rent in Coral Gables, FL, you can expect to pay as little as $930.00 or as much as $7,120.00, with the average rent median estimated to be $2,840.00. The good news is that finding an affordable and desirable property to rent in Coral Gables, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Coral Gables, FL In 2024

Coral Gables is located in Miami-Dade, Florida, with an estimated municipal population of 49,700 residents. All of the best foreclosed homes for sale in Coral Gables are located in the following zip code areas on 33146 33143 33134 33158 33156 33114 33206 33234. The estimated population per square kilometer (.62 miles) in Coral Gables is 1,484.

Cost Of Living In Coral Gables, FL

So, about how much do homes cost in Coral Gables? The most recent median value of resident-owned homes in Coral Gables is 845,803. An estimated 63.5 percent of households in Coral Gables own their homes, with an average family size of 3.23. The median household income in Coral Gables is 100,843, with50.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Coral Gables, the median commute time of resident workers (in minutes) is 25.1. And last, but certainly not least, are you looking for homes to rent in Coral Gables? If so, the average rent price paid by renters in Coral Gables is 1,693, according to recent statistics.

Diversity And Demographics In Coral Gables, Florida

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Coral Gables, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Coral Gables is 40.1, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Coral Gables is 48, with an average family size of 3.23.

The percentage of residents who report their race in Coral Gables is as follows:

White 91.9%
Black / African American 3.1%
Asian 2.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Coral Gables? Or maybe you are searching for 55+ active adult communities in and/or near Coral Gables?

The percentage of residents who report their age in Coral Gables is as follows:

Under 10 10.3%
Aged 10-19 16%
20s 12.9%
30s 10.7%
40s 13.3%
50s 13.3%
60s 10.9%
70s 7.5%
80+ 5.2%

Best Schools In Coral Gables, Florida

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Coral Gables with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Coral Gables.

Pros And Cons Of Living In Coral Gables, Florida

How do you know that living in -- or moving to -- Coral Gables is right where you need to be? Perhaps you grew up in Coral Gables or already live nearby; therefore, the decision to buy a home in Coral Gables is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Coral Gables for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Coral Gables:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Coral Gables.

Reasons To Move To Coral Gables, Florida, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Coral Gables can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Coral Gables, meanwhile, can field multiple offers from more qualified buyers.

Coral Gables, FL Rent To Own Homes


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