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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Coral Gables, FL Housing Affordability Index

Coral Gables, Florida has an MBR Housing Affordability Index score of 67.9 (Significantly Less Affordable) as of October 30, 2026, ranking 466th most affordable of 479 scored Florida cities, compared with 92.5 statewide and 97.4 nationally. On a median-priced $1,089,900 home with 20% down, a jumbo loan at 7.39% means a monthly principal and interest payment of about $6,031, or 54% of the city’s $134,216 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Coral Gables is updated every night from live Florida mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Coral Gables MBR-HAI 67.9 Significantly Less Affordable
Rank in Florida 466 of 479 1 = most affordable
Florida 92.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.14% Florida lenders
Median home value $1,089,900 U.S. Census Bureau

Coral Gables is 24.6 points below the Florida score. Scores as of October 30, 2026. See the Florida index

View Coral Gables Mortgage Rates

What It Takes to Buy in Coral Gables

$6,031/mo
Principal & Interest
Median home, 20% down, 7.39% jumbo
$258,500
Income Needed
To keep the payment at 28% of income
$134,216
Median Household Income
Florida: $74,568
8.1x
Price-to-Income Ratio
Florida: 4.8x
$3,121/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$9,213/yr
Median Property Tax
0.85% of median value
36.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
49.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Coral Gables, Florida. The rate is the Florida average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

Cite the Coral Gables Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Coral Gables, Florida score: 67.9 (Significantly Less Affordable), ranked 466 of 479 Florida cities. monitorbankrates.com/housing-affordability-index/florida/coral-gables”