Coral Springs, FL
Broward County · Pop. 133,759
Ranked #186 of 243 cities
30Crisis
Median Home Price
🏠$420K
5.0% YoY
Median Rent
🔑$1,900
4.0% YoY
Median Income
💰$68K
Rent Burden
📊34.0%
% of income to rent
Income to Buy
🏦$121K
annual income needed
Income to Rent
📝$76K
annual income needed
Price-to-Income
⚖️6.2x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$2,235/mo
Est. mortgage (7%, 20% down)
Need $121K/yr income
Rent
$1,900/mo
Median rent
Need $76K/yr income
How Coral Springs Compares
| Metric | Coral Springs | Florida | National |
|---|---|---|---|
| Home Price | $420K | $381K | $410K |
| Rent | $1,900 | $1,719 | $1,500 |
| Income | $68K | $73K | $75K |
| Rent Burden | 34.0% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Coral Springs are 2% higher than the national average.
- • Rent is 27% higher than the national average.
- • You need an income of $121K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.