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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 129,485 people, 40,571 houses or apartments, and a median cost of homes of $351,177, real estate costs in Coral Springs are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Single-family detached homes are the single most common housing type in Coral Springs, accounting for 49.38% of the city's housing units. Other types of housing that are prevalent in Coral Springs include large apartment complexes or high rise apartments ( 34.66%), duplexes, homes converted to apartments or other small apartment buildings ( 8.59%), and a few row houses and other attached homes ( 6.87%).
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 60.92% owning and 39.08% 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 ( 9.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.49%).
Coral Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coral Springs during the period has been just -1.94%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Coral Springs's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Coral Springs's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.
Importantly, this makes Coral Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Coral Springs's latest annual appreciation rate is lower than 70% 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.
|$967,001 - $1,289,000||0.9|
|$645,001 - $967,000||4.3|
|$516,001 - $645,000||10.6|
|$387,001 - $516,000||22.9|
|$258,001 - $387,000||30.0|
|$129,001 - $258,000||14.2|
|$64,001 - $129,000||9.7|
|$0 - $64,000||6.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Coral Springs HOMES|
|2000 or Newer||9.8|
|1970 - 1999||86.4|
|1940 - 1969||3.5|
|1939 or Older||0.3|
|TYPE OF Coral Springs HOMES|
|Small Apt. Buildings||8.6|
|SIZE OF Coral Springs HOMES|
|5 or more bedrooms||5.24|