Coral Terrace, Florida Demographics & Population 2026

Name: Coral Terrace, Florida Demographics
Creator: U.S. Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

During the 2020–2024 ACS period, Coral Terrace, Florida had a total population of 24,895, the 175th largest community in Florida, with a median household income of $80,353, which is 8% higher than the state average. The poverty rate is 10.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Housing affordability is a challenge — homes cost 7.3x the median household income.

Coral Terrace Quick Facts

Population 24,895

Median Household Income $80,353

Median Home Value $582,900

Poverty Rate 10.8%

Unemployment Rate 3.8%

Median Age 44.7 years

Homeownership Rate 60.3%

Affordability Ratio 7.3x

Bachelor's Degree or Higher 29.4%

High School Graduation Rate 83.2%

Diversity Index 16/100

Population 24,895 175th of 955

Median Income $80,353 above average

Poverty Rate 10.8% 13% lower than national

Median Home Value $582,900 top 20%

How Coral Terrace Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric	2019–2023	2020–2024	Change
Population	24,051	24,895	+3.5%
Median household income	$77,396	$80,353	+3.8%
Median home value	$496,500	$582,900	+17.4%

How Coral Terrace Compares

Median Household Income

Coral Terrace

$80,353

$74,568

National

$80,734

Median Home Value

Coral Terrace

$582,900

$359,000

National

$332,700

Economy & Housing

Household Income Distribution

Under $25K 14.6%

$25K-$50K 16.2%

$50K-$100K 29.6%

$100K+ 39.6%

Detailed income brackets

Under $10K

3.3%

$10K-$15K

5.1%

$15K-$20K

0.8%

$20K-$25K

5.4%

$25K-$30K

3.7%

$30K-$35K

2.9%

$35K-$40K

2.9%

$40K-$45K

3.5%

$45K-$50K

3.1%

$50K-$60K

5.2%

$60K-$75K

8.8%

$75K-$100K

15.5%

$100K-$125K

10.3%

$125K-$150K

8.0%

$150K-$200K

11.2%

$200K+

10.2%

Employment

3.8% Unemployment Rate State: 4.8%|National: 5.2%

65.5% Labor Force Participation

Housing Overview

Owner 60.3%

Renter 39.7%

Affordability Index Very Expensive

7.3x home value to income ratio

Median gross rent $1,759/mo 26.3% of median household income annually

People & Demographics

Age Distribution

Under 18

17.3%

18-34

18.2%

35-54

28.3%

55-74

25.4%

75+

10.8%

Race & Ethnicity

Diversity Index

Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 65 | National average: 61

Education

Educational Attainment (Adults 25+)

Coral Terrace Rankings in Florida

#175 Population of 955

#344 Median Income of 911

#458 Education of 955

#127 Home Value of 901

Explore Florida Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Other Cities in Miami-Dade County

City	Population	Median Income	Poverty	Home Value
Miami	459,745	$62,462	19.4%	$518,100
Hialeah	226,165	$55,594	17.0%	$392,000
Miami Gardens	113,177	$63,627	13.6%	$378,500
Homestead	82,807	$65,423	18.4%	$380,000
Miami Beach	82,031	$72,856	14.4%	$556,700
Kendall	79,562	$87,325	11.2%	$567,900
Doral	79,216	$94,164	10.3%	$562,800
North Miami	60,344	$57,188	18.9%	$365,000
The Hammocks	58,838	$85,628	12.1%	$468,100
Fountainebleau	55,665	$64,908	12.7%	$320,200

Cities Similar to Coral Terrace

These cities in the same state have comparable population and economic profiles.

City	Population	Median Income	Home Value	Bachelor's+	Poverty
Tarpon Springs	25,791	$79,529	$340,700	34.7%	10.0%
Port St. John	25,120	$87,736	$281,300	20.4%	9.9%
Pace	26,282	$80,701	$293,800	31.3%	12.2%
Key West	25,720	$87,037	$852,400	41.3%	10.9%
Marion Oaks	23,972	$72,392	$257,700	15.2%	10.2%

Population Overview

Coral Terrace is a small city located in Florida, within Miami-Dade County. The total population is 24,895. It ranks as the 175th most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Coral Terrace is 44.7 years. This is 5% higher than the state median of 42.6 years. 10.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Coral Terrace is $80,353. This is 8% higher than the state median of $74,568. It is also about the same as the national median of $80,734. The poverty rate stands at 10.8%. This is 14% lower than the state poverty rate of 12.6%. The unemployment rate is 3.8%. This is 22% lower than the state rate of 4.8%. The median home value is $582,900. Housing costs are 62% higher than the state median of $359,000. The home-value-to-income ratio of 7.3x suggests that housing affordability is a significant concern for many residents. 60.3% of occupied housing units are owner-occupied. This homeownership rate is 11% lower than the state average of 67.6%.

Race & Ethnicity

Coral Terrace has a predominantly Hispanic or Latino population, comprising 91.2% of all residents. White (non-Hispanic) residents account for 5.9%. The White (non-Hispanic) population (5.9%) is well below the state average of 50.4%. The Black or African American population (0.7%) is well below the state average of 14.6%. The Hispanic or Latino population is significantly higher than the state average (91.2% vs 27.4%). The Asian population (1.0%) is well below the state average of 2.9%.

Education

29.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 14% lower than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.2%.

Data Sources & Methodology

All demographic data for Coral Terrace, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Coral Terrace, Florida?

Coral Terrace, Florida has a population of 24,895 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Coral Terrace, FL?

The median household income in Coral Terrace is $80,353, which is about the same as the national median of $80,734.

What is the poverty rate in Coral Terrace, FL?

The poverty rate in Coral Terrace is 10.8%. This means approximately 2,642 residents live below the federal poverty line.

What is the racial makeup of Coral Terrace, Florida?

Coral Terrace's population is 5.9% White, 0.7% Black, 91.2% Hispanic/Latino, and 1.0% Asian.

What is the median home value in Coral Terrace, FL?

The median home value in Coral Terrace is $582,900. The home-value-to-income ratio is 7.3x.

How educated is Coral Terrace, Florida?

29.4% of adults (25+) in Coral Terrace hold a bachelor's degree or higher, and 8.5% hold a graduate or professional degree.