Coral Terrace, FL
Population 24,051 · Florida
About Coral Terrace, FL
Coral Terrace is a mid-sized city in Florida with a population of 24,051 residents. The median household income is $77,396 per year, which is above the national average. The median age in Coral Terrace is 45.8 years.
Housing in Coral Terrace has a median home value of $496,500 and median monthly rent of $1,707. Of the 8,552 total housing units, the majority are owner-occupied, with 4,980 owner-occupied and 3,119 renter-occupied units.
The unemployment rate in Coral Terrace is 3.0% and the poverty rate is 12.1%. 30.2% of residents hold a bachelor's degree or higher. The average commute time is 25.9 minutes.
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.
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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 Census data.
What is the median household income in Coral Terrace?
The median household income in Coral Terrace, FL is $77,396 per year.
What is the median home value in Coral Terrace?
The median home value in Coral Terrace, FL is $496,500.
What is the average rent in Coral Terrace?
The median monthly rent in Coral Terrace, FL is $1,707.
What is the unemployment rate in Coral Terrace?
The unemployment rate in Coral Terrace, FL is 3.0%.