Coral Terrace, FL
Population 24,051 · Florida
About Coral Terrace, FL
Coral Terrace is a mid-sized city located in Florida with a population of 24,051 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,396 per year, which is 3% above the national median of $75,149. The median age of 45.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Coral Terrace features a median home value of $496,500, which is 103% above the national median of $244,900. This places Coral Terrace in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,707, 47% above the national average of $1,163/month. Of the 8,552 total housing units, 61% are owner-occupied (4,980 units) and 39% are renter-occupied (3,119 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Coral Terrace shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Coral Terrace have an average one-way commute time of 25.9 minutes.
Education & Demographics
30.2% of Coral Terrace residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.7% White, 0.6% Hispanic or Latino, 1.1% Black or African American, and 21.0% Asian residents, with 63.6% of the population being foreign-born.
Cost of Living in Coral Terrace, FL
Compared to national averages, Coral Terrace has a median household income of $77,396 (3% above the national median of $75,149). Home values average $496,500, which is 103% above the national median. Monthly rent at $1,707 is 47% above the US average of $1,163. Within Florida, Coral Terrace's income is 2% above the state average of $75,893, and home values are 40% above the state median of $353,675.
Why Live in Coral Terrace, FL?
Coral Terrace offers a strong local economy with a median household income of $77,396, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a low poverty rate of 12.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $496,500. However, Coral Terrace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Coral Terrace has a population of 24,051 with a median age of 45.8 years. Compare Coral Terrace with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Coral Terrace
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wekiwa Springs | 24,109 | $113,067 | $429,600 | Compare |
| Bloomingdale | 23,979 | $107,313 | $377,000 | Compare |
| Liberty Triangle | 24,178 | $68,107 | $247,800 | Compare |
| Palmetto Bay | 24,247 | $143,368 | $787,000 | Compare |
| Bayonet Point | 23,787 | $42,157 | $160,000 | Compare |
| Oak Ridge | 24,395 | $53,389 | $235,500 | Compare |
| World Golf Village | 24,485 | $109,731 | $447,900 | Compare |
| Jacksonville Beach | 23,601 | $115,825 | $523,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Coral Terrace With Other Cities
Frequently Asked Questions about Coral Terrace
What is the population of Coral Terrace, FL?
The population of Coral Terrace, FL is 24,051 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Coral Terrace?
The median household income in Coral Terrace, FL is $77,396 per year, which is 3% above the national median of $75,149.
What is the median home value in Coral Terrace?
The median home value in Coral Terrace, FL is $496,500, which is 103% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Coral Terrace?
The median monthly rent in Coral Terrace, FL is $1,707, which is 47% above the national average of $1,163/month.
What is the unemployment rate in Coral Terrace?
The unemployment rate in Coral Terrace, FL is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Coral Terrace, FL a good place to live?
Coral Terrace offers above-average incomes, a competitive housing market, and a strong job market. With a population of 24,051 and a median age of 45.8, the city appeals to established professionals and retirees.
How educated is Coral Terrace, FL?
30.2% of residents in Coral Terrace aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Coral Terrace?
Key cost-of-living indicators for Coral Terrace, FL: median home value is $496,500 (103% above national), median rent is $1,707/month, and median household income is $77,396. The home-value-to-income ratio is 6.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Coral Terrace?
The poverty rate in Coral Terrace, FL is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Coral Terrace, FL?
Coral Terrace's population is 0.7% White, 0.6% Hispanic or Latino, 1.1% Black or African American, 21.0% Asian, and 0.6% two or more races. 63.6% of residents are foreign-born.