Coral Springs, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Coral Springs, FL Housing Market Trends

With 133,759 people, 41,715 houses or apartments, and a median cost of homes of $435,442, Coral Springs house prices are not only among the most expensive in Florida, Coral Springs real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Coral Springs, accounting for 49.09% of the city's housing units. Other types of housing that are prevalent in Coral Springs include large apartment complexes or high rise apartments ( 34.09%), duplexes, homes converted to apartments or other small apartment buildings ( 8.45%), and a few row houses and other attached homes ( 7.88%).

The most prevalent building size and type in Coral Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.44% owning and 39.56% renting.

There is a lot of housing in Coral Springs built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Coral Springs built between 2000 and later ( 12.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.63%).

Coral Springs Home Appreciation Rates

In the last 10 years, Coral Springs has experienced some of the highest home appreciation rates of any community in the nation. Coral Springs real estate appreciated 92.69% over the last ten years, which is an average annual home appreciation rate of 6.78%, putting Coral Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coral Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Coral Springs's appreciation rate, at 9.59%, has been at or slightly above the national average. In the latest quarter, Coral Springs's appreciation rate has been 3.40%, which annualizes to a rate of 14.33%.

Relative to Florida, our data show that Coral Springs's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coral Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coral Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coral Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$435,442

Coral Springs, FL HOME PRICES

> $1,241,000
1.4%
1.4%
$931,001 - $1,241,000
2.4%
2.4%
$620,001 - $931,000
9.9%
9.9%
$496,001 - $620,000
20.1%
20.1%
$372,001 - $496,000
28.4%
28.4%
$248,001 - $372,000
18.6%
18.6%
$124,001 - $248,000
10.4%
10.4%
$62,001 - $124,000
6.0%
6.0%
$0 - $62,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
41,715

Coral Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
144.28% 4.24%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,318 / per month

Homeownership Rate

Owners
60.4%
60.4%
Renters
39.6%
39.6%
Vacant
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.2%
12.2%
1970 - 1999
84.0%
84.0%
1940 - 1969
3.6%
3.6%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.1%
49.1%
Townhomes
7.9%
7.9%
Small Apt. Buildings
8.4%
8.4%
Apt. Complexes
34.1%
34.1%
Mobile Homes
0.4%
0.4%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
7.5%
7.5%
2 Bedrooms
26.2%
26.2%
3 Bedrooms
32.3%
32.3%
4 Bedrooms
27.0%
27.0%
5 or more bedrooms
5.9%
5.9%
0.0% 100.0%
% OF HOMES