Real Estate Investing in Coral Gables, Florida (33134)
Should you buy in 33134 (Coral Gables, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
What’s happening in Coral Gables, FL (33134)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33134 Coral Gables
The 33134 ZIP covers a section of Coral Gables that demands careful diligence. Prices near $881K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 33134 can be a a strong candidate for hunting ground — but the discount at $881K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 33134 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 45% in 33134 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 33134 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Coral Gables:
Property Strategy for 33134
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $330,302 | $2,370 | 5.2% | +7.0% | $330,302 |
| 2BR | $625,319 | $2,890 | 3.3% | +9.8% | $312,659 |
| 3BR | $1,098,323 | $3,710 | 2.4% | +11.6% | $366,108 |
| 4BR | $1,809,639 | $4,290 | 1.7% | +14.2% | $452,410 |
| 5BR | $3,071,585 | — | — | +15.4% | $614,317 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33134 Compare?
| Metric | 33134 | Coral Gables | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $880,682 | $1,389,631 | N/A | $374,697 |
| 5-Year CAGR | 9.4% | 11.4% | N/A | 7.4% |
| Avg Rent | $3,052 | $3,318 | N/A | - |
| Cap Rate | 2.7% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33134 (Coral Gables, FL). Anonymous, moderated, never written by AI.
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Property managers serving Miami-Dade County
Manage rentals here? List your business →Cadisa Inc. specializes in delivering reliable, hands-on property management solutions for condominium associations, commercial buildings, and multifamily communities across South Florida, with a focu summary from their website
Florida Property Management Strategies is a boutique community association management firm serving select communities in Miami, built on responsiveness and supported by systems for smooth community op summary from their website
Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $880,682 |
| Monthly Rent | $3,052 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +9.2% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33134
Population: 36,937
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33134
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BANYAN ELEMENTARY SCHOOL
FLAGAMI ELEMENTARY SCHOOL
FRANCIS S.TUCKER K-8 CENTER
EMERSON ELEMENTARY SCHOOL
AUBURNDALE ELEMENTARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How expensive is real estate in Coral Gables, FL?
Coral Gables, FL median home values land near $881K. That is reasonable territory for investors looking at $3,052/mo-per-month rentals.
What kind of vacancy should I budget for in Coral Gables, FL?
Vacancy in Coral Gables, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $3,052/mo.
How strong is Coral Gables, FL for real estate investors?
With a 3.0/5 investability score, Coral Gables, FL ranks as a solid market for rental property investors. Median prices of $881K and rents of $3,052/mo drive the underlying numbers.
Is Coral Gables, FL good for landlords?
FL law landlord-friendly for landlords, and Coral Gables inherits those rules. Investors should still review local ordinances for rental licensing.
How qualified is the tenant pool in Coral Gables, FL?
Tenant demand in Coral Gables, FL is solid. The local workforce $3,052/mo rents across most rental classes.
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