Coral Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Coral Springs Neighborhoods Since 2000




Coral Springs, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Coral Springs Housing Market Information

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 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 -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.

Average Home Values

 

Median Home Value:
$351,177

Coral Springs, FL HOME PRICES

Value Range
> $1,289,000 0.7
$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

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.1293800539084 20.9401709401709

Number Of Homes And Apartments:
40,571

Coral Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
89.80% 3.78% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,718 / per month

Homeownership Rate

Homeownership
Owners 60.92
Renters 39.08
Vacant 7.81

Housing Market Details

 

Age of Homes

AGE OF Coral Springs HOMES
2000 or Newer 9.8
1970 - 1999 86.4
1940 - 1969 3.5
1939 or Older 0.3

Types of Homes

TYPE OF Coral Springs HOMES
Single-Family 49.4
Townhomes 6.9
Small Apt. Buildings 8.6
Apt. Complexes 34.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Coral Springs HOMES
No Bedroom 1.31
1 Bedroom 9.12
2 Bedrooms 25.54
3 Bedrooms 31.66
4 Bedrooms 27.14
5 or more bedrooms 5.24