Quick facts: Coral springs, FL

Quick Facts

115.3
Cost of Living
above US average
133,369
Population
13.71
Crime Rate per 1000
below US average
$87,488
Median Income
above US average
$810,000
Median House Price
above US average
$3105.89
Average Rent
above US average
9%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $87,488.

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Income Needed to Buy

βœ— Stretch
$254k/year
Based on $810,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $254k vs median $87,488
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Income Needed to Rent

⚠ Stretch
$133k/year
Based on $3105.89/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $133k vs median $87,488
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Coral springs, FL

Coral Springs is a vibrant city located in Broward County, Florida. Known for its well-planned community, lush green parks, and family-friendly atmosphere, Coral Springs has a population of approximately 134,000 residents. Established in the 1960s, the city has grown significantly while maintaining a commitment to preserving its natural beauty. The city boasts a variety of recreational facilities, including over 30 parks, sports complexes, and aquatic centers, making it an ideal place for outdoor enthusiasts. Coral Springs also has an active arts scene, featuring theaters and cultural events that cater to diverse tastes. Education is a priority in Coral Springs, with the Broward County Public Schools system offering high-quality education across numerous elementary, middle, and high schools. Shopping and dining options are abundant, from local boutiques to popular chain restaurants. The city is conveniently located near major highways, providing easy access to nearby Fort Lauderdale and Miami, while its warm climate allows for year-round outdoor activities. Overall, Coral Springs is a desirable place to live, work, and play in South Florida.

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