Coral Springs Real Estate Stats
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Coral Springs Listings
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Coral Springs, FL Real Estate
Coral Springs is a larger medium-sized city located in the state of Florida. With a population of 134,394, the city is made up of many different distinct neighborhoods and is the 15th largest community in Florida.
Coral Springs real estate also consistently ranks among the most expensive in America.
Coral Springs has a very residential feel by design and because of that, most people commute to work. Coral Springs has a mix of both white collar & blue collar residents with employment opportunities for both. The largest number of people in Coral Springs typically work in sales jobs (13.18%), office and administrative support (12.52%), and management occupations (11.59%). Coral Springs has more people living here who work in technology, computers, and math than 95% of the places in the US. 39.08% of adults in Coral Springs have a bachelor's degree or even advanced degree.
The average annual income for a family of four is $137,812 in Coral Springs.
Coral Springs, FL Housing Market Trends
There are only about 43,000 total housing units (homes and apartments) for a population of over 134,000. The median house value is about $550,000 in Coral Springs which makes Coral Springs real estate not only among the most expensive in Florida, but also some of the most expensive in all of America.
The city was originally designed to be a perfect suburban area and as such, the most common type of housing in Coral Springs are single family homes. There are also a number of large apartment complexes, a few high rise apartments, and large sections of the city with multi-family properties like duplexes, triplexes, or quadplexes. There are also neighborhoods made up of only townhomes, making coral springs real estate pretty diverse.
In Coral Springs, 62% of properties are owned while 38% are rented.
Coral Springs was originally developed in the 70s, and they have neighborhoods that were built up into the 2000s as you get up into the northern section of town (33076). Typically the homes built in the 70s are in the south part of town (33071) and are usually 3 to 4 bedroom 1-story homes. Only about 12% of the homes in Coral Springs were built after 2000, so most buyers are looking for older, but renovated homes here.
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 with over 140% appreciation. This makes Coral Springs in the top 10% nationally for real estate appreciation. For home buyers or investors, this should give you confidence that your investment is protected and has a track record of being profitable. Coral Springs real estate has continued to appreciate in value faster than most communities with over 24% appreciation in 2021.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coral Springs differ, sometimes by a great deal.
Coral Springs Real Estate Agents
Allow our Coral Springs real estate team to guide you through the purchase of your new property or through the sale of your current residence today! As local real estate agents, we know the unique market dynamics of Coral Springs real estate.
To learn more about agent representation while buying or selling, contact The Mandel Team. Selling your Coral Springs home? Check out our market analysis page for a free home value estimate within minutes!
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