Coral Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coral Springs, FL Real Estate Data


Coral Springs Housing Market Information

With a population of 129,485, 40,554 total housing units (homes and apartments), and a median house value of $350,705, 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 50.34% of the city's housing units. Other types of housing that are prevalent in Coral Springs include large apartment complexes or high rise apartments ( 33.83%), duplexes, homes converted to apartments or other small apartment buildings ( 8.64%), and a few row houses and other attached homes ( 6.62%).

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 62.77% owning and 37.23% 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 ( 10.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.64%).

Coral Springs Home Appreciation Rates

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 -2.04%, which is lower than 80% of US communities.

Appreciation rates are so strong in Coral Springs that despite a nationwide downturn in the housing market, Coral Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coral Springs appreciation rates continue to be some of the highest in America, at 7.87%, which is higher than appreciation rates in 90.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coral Springs. Coral Springs appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.76%.

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.

Average Home Values

 

Median Home Value:
$350,705

Coral Springs, FL HOME PRICES

Value Range
> $1,376,000 0.8
$1,032,001 - $1,376,000 0.7
$688,001 - $1,032,000 4.2
$550,001 - $688,000 9.6
$413,001 - $550,000 21.4
$275,001 - $413,000 31.4
$138,001 - $275,000 15.4
$69,001 - $138,000 9.8
$0 - $69,000 6.9

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.5431867424021 22.8632478632479

Number Of Homes And Apartments:
40,554

Rent & Ownership

 

Average Market Rent:
$1,756 / per month

Homeownership Rate

Homeownership
Owners 62.77
Renters 37.23
Vacant 8.34

Housing Market Details

 

Age of Homes

AGE OF Coral Springs HOMES
2000 or Newer 10.4
1970 - 1999 85.5
1940 - 1969 3.6
1939 or Older 0.5

Types of Homes

TYPE OF Coral Springs HOMES
Single-Family 50.3
Townhomes 6.6
Small Apt. Buildings 8.6
Apt. Complexes 33.8
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Coral Springs HOMES
No Bedroom 1.14
1 Bedroom 8.64
2 Bedrooms 24.37
3 Bedrooms 31.98
4 Bedrooms 28.24
5 or more bedrooms 5.64

Coral Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
91.92% 3.91% 8 10
* 10 is highest