Housing
Home prices and rent in Coral Gables
Median home values, rents and incomes from the U.S. Census Bureau, compared with Florida and the U.S.
Census geography: Coral Gables city, Florida. These survey estimates are not current listing prices.
Coral Gables vs. Florida and the U.S.
| Coral Gables | Florida | U.S. | |
|---|---|---|---|
| Median home value | $1,089,900 | $359,000 | $332,700 |
| Median rent (monthly) | $2,373 | $1,669 | $1,413 |
| Median household income | $134,216 | $74,568 | $80,734 |
| Homes owned by occupants | 65% | 68% | 65% |
| Median year built | 1969 | 1988 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $621,800 | $846,100 | $1,089,900 |
| Median rent (monthly) | $1,319 | $1,693 | $2,373 |
| Median household income | $93,590 | $100,843 | $134,216 |
Fair Market Rents (HUD, fiscal year 2027)
Miami-Miami Beach-Kendall, FL HUD Metro FMR Area · Miami-Dade County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent; green figures are the range across 6 Coral Gables ZIP codes, where HUD sets Small Area Fair Market Rents.
Income limits (HUD, fiscal year 2026)
Area median family income: $89,800. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $76,300 | $87,200 | $98,100 | $109,000 | $117,750 | $126,450 | $135,150 | $143,900 |
| Very low income (50%) | $47,700 | $54,500 | $61,300 | $68,100 | $73,550 | $79,000 | $84,450 | $89,900 |
| Extremely low income (30%) | $28,600 | $32,700 | $36,800 | $40,850 | $44,150 | $47,400 | $50,700 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Coral Gables?
$1,089,900, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $359,000 in Florida and $332,700 nationally.
How much is rent in Coral Gables?
Median gross rent (rent plus utilities) is $2,373 a month, versus $1,669 statewide.
How much have home values risen in Coral Gables?
The median home value went from $621,800 in 2014 to $1,089,900 in 2024 (+75%).
What is fair market rent in Coral Gables?
HUD's fiscal year 2027 Fair Market Rent for the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area is $1,953 for a studio, $2,121 for one bedroom and $2,564 for two bedrooms; across Coral Gables's ZIP codes, two-bedroom values run $2,660 to $3,850. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Coral Gables city, Florida. Values are estimates with margins of error.