Coral Terrace is a mid-sized city located in the state of Florida. The city has a population of 23,983 inhabitants. Coral Terrace has a population density of 7,139 people per square mile. This would be considered well above the national population density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (95% White). Given that fact, Coral Terrace could be considered less diverse than other cities. Additionally, more than a quarter of the population of Coral Terrace are of Hispanic or Latino origin, and 84% of the population also speak Spanish.
Living in Coral Terrace can be a fulfilling experience for anyone moving to the town. Having said that, in the state of Florida, there are many amazing places to live, so choose wisely! Using the livability score which includes data from categories like weather, employment, housing, you can easily compare the best places to live in Coral Terrace and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Coral Terrace to Florida and the national average.
Coral Terrace has a livability score of 72 out of 100 and is ranked #478 in Florida and #7,786 in the USA. If we explore each of the categories individually, we see that Coral Terrace ranks well for amenities (A+) and weather (A). Coral Terrace does not do well for the following: cost of living (F), education (D) and housing (D-). It might be wise to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Coral Terrace has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
Coral Terrace real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Coral Terrace. Median real estate prices in Coral Terrace come in at $272,400, which is 63.3% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Coral Terrace, the home price to income ratio is 5.4, which is 58.8% higher than the Florida average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Coral Terrace area were 5.2% and 5 year appreciation rates were 12.6%.
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