Market Overview
Home Prices in Coral Gables, FL
The median home value in Coral Gables, FL is $1,576,723 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Coral Gables are priced285% above average. Coral Gables is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Coral Gables home values have risen by approximately66.3%, reflecting strong long-term appreciation in this market.
Price History
Coral Gables Home Price Trend
City Comparison
Coral Gables vs. National Median
At $1,576,723, homes in Coral Gables cost 285% above the national median of $410,000. Buyers in Coral Gables should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Coral Gables?
20% Down Payment
$315,345
on $1,576,723
Monthly P&I
$8,223/mo
30-yr @ 6.8%
Total Monthly Est.
~$10,443/mo
incl. taxes & insurance
Income Needed
$417,720
gross annual (30% rule)
10% Down Option
$157,672
+ PMI applies
Loan Amount (20% dn)
$1,261,378
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Coral Gables, FL?
The median home value in Coral Gables is $1,576,723 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Coral Gables?
Over the past year, home values in Coral Gables have increased by 3.2%. Over five years, prices have risen approximately 66.3%.
How much do I need to earn to buy a home in Coral Gables?
To comfortably afford the median home price of $1,576,723 with a 20% down payment ($315,345) at today's rates (6.8%), you'd need a gross annual income of approximately $417,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Coral Gables compare to the national average home price?
The national median home value is approximately $410,000. At $1,576,723, homes in Coral Gables are 285% above the national average.
What metro area is Coral Gables part of?
Coral Gables is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.