Coconut Creek, Florida Housing Market Prices
Coconut Creek Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Florida median$261,114
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Median rent 22% above the Florida median$2,040
Housing Market Overview
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,114 | $311,338 | $248,835 |
| Price Trend (Annual %) | 18.5% | 11.2% | 7.5% |
| Median Gross Rent | $2,040 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coconut Creek is about 16% lower than in Florida. Rent is about 22% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Coconut Creek, up about 18.5% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Coconut Creek rose about 55.3% between 2015 and 2024, from $1,313 to $2,040. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Coconut Creek.
Buying the median-priced home in Coconut Creek costs roughly 10.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Coconut Creek. The price-to-rent ratio in Florida is about 15.6.
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,114 | $311,338 | $248,835 |
| Median Household Income | $74,009 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.5 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Coconut Creek rose about 424.3%, while median household income rose about 49.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 57.7% | 58.5% |
| Rental Rate | 30.7% | 27.7% | 31.2% |
| Vacancy Rate | 11.0% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Coconut Creek has a homeownership rate of 58.3%, higher than the Florida average of 57.7%. Its housing vacancy rate is 11.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1988 | 1978 |
| Median Number of Rooms | 4.5 | 5.2 | 5.5 |
The typical housing unit in Coconut Creek was built around 1991. On average, 2.4 people live in a home with about 4.5 rooms, staying for about 12.0 years on average.
Coconut Creek, FL Housing Compared With Nearby Cities
Coconut Creek, FL is the smallest of the 4 cities compared here, 57,412 residents against a local median of 82,666. The measure that sets Coconut Creek, FL apart most is median home price: $261,114, 18% below the local median of $319,213.
Median rent tells the same story from another angle: $2,040 against a local median of $1,762, 16% above it. The cities themselves spread $154,105 on median home price, so Coconut Creek, FL sits at one end of an already wide local range rather than apart from it. Coconut Creek, FL has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Coconut Creek, FL | 57,412 | $261,114 #4/4 | $2,040 #1/4 | 65.5% #2/4 |
| Margate, FL | 58,812 | $430,287 | $1,864 | 74.7% |
| Deerfield Beach, FL | 82,666 | $319,213 | $1,762 | 63.8% |
| Pompano Beach, FL | 108,674 | $276,182 | $1,698 | 55.5% |
Frequently Asked Questions
Common questions about the housing market in Coconut Creek, Florida.
What is the median home price in Coconut Creek, Florida?
The median home price in Coconut Creek, Florida is $261,114, lower than the Florida average of $311,338.
What is the average home price in Coconut Creek, Florida?
The typical home price in Coconut Creek, Florida, reported as the median sale price, is $261,114. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Coconut Creek, Florida?
The median gross rent in Coconut Creek, Florida is $2,040 per month, higher than the Florida average of $1,668.
What was the median gross rent in Coconut Creek in 2020?
In 2020, the median gross rent in Coconut Creek, Florida was $1,669 per month.
What is the price-to-rent ratio in Coconut Creek, Florida?
The price-to-rent ratio in Coconut Creek, Florida is about 10.7, meaning it would take roughly 10.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Coconut Creek.
Are home prices or rent rising faster in Coconut Creek, Florida?
Both home prices and rent are rising in Coconut Creek, up about 18.5% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coconut Creek, Florida?
58.3% of households in Coconut Creek, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Coconut Creek, Florida?
The housing vacancy rate in Coconut Creek, Florida is 11.0%, lower than the Florida average of 14.6%.
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