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Text (352) 352-5665Palmetto Bay, FL · Houses & Market Data
Palmetto Bay, Florida houses and real estate market data.
Houses in Palmetto Bay, FL (Miami-Dade County) — Census median home value $787,000, county listing prices down about 2.7% over the past year. Market data for Palmetto Bay houses and the broader area.
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Palmetto Bay, FL is in Miami-Dade County, Florida — this guide covers houses in Palmetto Bay and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 24,247, with a median household income of $143,368. Census data puts Palmetto Bay houses at a median value of $787,000 (all owner-occupied homes); Miami-Dade County's current median listing price runs $592,450, down about 2.7% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Palmetto Bay housing market
Palmetto Bay is in Miami-Dade County, Florida. Manifest Census and county price-trend data provide baseline context for houses in Palmetto Bay and the surrounding county market.
Median home value (Census ACS)
$787,000
Population (Census ACS)
24,247
Median household income
$143,368
County price trend (2025)
2.79% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Palmetto Bay market snapshot
Population
24,247
County
Miami-Dade County
Median Household Income
$143,368
Median Home Value (city)
$787,000
Median Listing Price (Miami-Dade County)
$592,450
Median Gross Rent
$1,862/mo
Price Trend (YoY)
-2.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Palmetto Bay different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Palmetto Bay's median home value — across all owner-occupied homes, not just recent sales — at $787,000. Separately, Miami-Dade County's current median listing price (via Realtor.com data, 2026-06-01) runs $592,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Miami-Dade County's FHFA house price index shows a 2.79% annual change in 2025.
Population & Income
Palmetto Bay has an estimated population of 24,247 and a median household income of $143,368, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Palmetto Bay's Census-reported median home value works out to about 5.5x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Palmetto Bay
County guide: Miami-Dade County — cities, market context, and local resources for the county that includes Palmetto Bay.
USAHouses.com also helps visitors looking in nearby Miami-Dade County and other Florida communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Palmetto Estates, West Perrine, Pinecrest, Cutler Bay, Richmond Heights, Kendall, South Miami Heights, Three Lakes, Coral Gables, Goulds, Glenvar Heights, The Crossings, South Miami, Sunset, Richmond West, Country Walk.
Palmetto Estates market data
Nearby city · ~2.6 mi
West Perrine market data
Nearby city · ~3.0 mi
Pinecrest market data
Nearby city · ~3.1 mi
Cutler Bay market data
Nearby city · ~3.3 mi
Richmond Heights market data
Nearby city · ~3.4 mi
Kendall market data
Nearby city · ~4.0 mi
South Miami Heights market data
Nearby city · ~4.8 mi
Three Lakes market data
Nearby city · ~5.2 mi
Coral Gables market data
Nearby city · ~5.5 mi
Goulds market data
Nearby city · ~6.0 mi
Glenvar Heights market data
Nearby city · ~6.1 mi
The Crossings market data
Nearby city · ~6.1 mi
South Miami market data
Nearby city · ~6.2 mi
Sunset market data
Nearby city · ~6.2 mi
Richmond West market data
Nearby city · ~7.0 mi
Country Walk market data
Nearby city · ~7.2 mi
More Florida cities with market guides: St. Petersburg, Fort Lauderdale, Pembroke Pines, Hollywood, Gainesville, Miramar, Coral Springs, Lehigh Acres.
St. Petersburg market data
Same-state city guide
Fort Lauderdale market data
Same-state city guide
Pembroke Pines market data
Same-state city guide
Hollywood market data
Same-state city guide
Gainesville market data
Same-state city guide
Miramar market data
Same-state city guide
Coral Springs market data
Same-state city guide
Lehigh Acres market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Miramar (~24.3 mi), North Key Largo (~24.9 mi), West Park (~26.1 mi), Pembroke Park (~26.8 mi), Pembroke Pines (~27.2 mi), Hallandale Beach (~27.4 mi), Cooper City (~29.5 mi), Southwest Ranches (~29.8 mi), Hollywood (~29.9 mi), Dania Beach (~31.6 mi), Davie (~31.7 mi), Weston (~33.5 mi), Broadview Park (~33.7 mi), Key Largo (~35.0 mi), Plantation (~35.0 mi), Boulevard Gardens (~36.0 mi).
New construction: New homes near Palmetto Bay (Apopka) · New homes near Palmetto Bay (Belleview) · Florida new construction.
Census & home facts
Palmetto Bay data from published sources
Population (ACS 2023)
24,247
Median home value (ACS 2023)
$787,000
Median household income (ACS 2023)
$143,368
Median gross rent (ACS 2023)
$1,862
County FHFA annual change (2025)
2.79%
County median listing price (FRED/Realtor.com) (2026-06-01)
$592,450
Census place type
village
County
Miami-Dade County
Land area (Census Gazetteer 2024)
8.29 sq mi
Census GEOID
1254275
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Palmetto Bay
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Capistrano ↗
D.R. Horton · Cutler Bay, Florida · ~3.8 mi · from $929,990
The Estates At Nomar ↗
GL Homes · Miami, Florida · ~5.2 mi
Breezewood ↗
Lennar · Miami, Florida · ~5.9 mi · from $417,990
Verdana Grove ↗
Lennar · Miami, Florida · ~6.0 mi · from $683,990
Briarcrest ↗
Lennar · Miami, Florida · ~6.9 mi · from $554,990
Local life
Life in Palmetto Bay
Schools
MIAMI-DADE — 542 schools, 334,090 students enrolled, per the U.S. Department of Education's Common Core of Data. Miami-Dade addresses may be served by MIAMI-DADE, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Palmetto Bay FAQ
What are houses worth in Palmetto Bay, FL?
The Census Bureau's American Community Survey puts the median value of houses in Palmetto Bay at $787,000. Miami-Dade County's current median listing price runs $592,450, down about 2.7% over the past year.
How much do houses cost in Palmetto Bay, FL?
For owner-occupied houses in Palmetto Bay, Census ACS data shows a median value of $787,000. Active listing prices in Miami-Dade County may differ — see the market snapshot above.
What types of houses are in Palmetto Bay, FL?
Palmetto Bay houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Miami-Dade County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Palmetto Bay, FL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Palmetto Bay's population at approximately 24,247.
What's the median rent in Palmetto Bay, FL?
The Census ACS estimates median gross rent in Palmetto Bay at approximately $1,862 per month.
What is the median household income in Palmetto Bay, FL?
Census ACS data puts the median household income in Palmetto Bay at approximately $143,368.
Is the Palmetto Bay housing market growing?
Miami-Dade County's FHFA house price index shows a 2.79% annual change in 2025.
Is Palmetto Bay, FL affordable relative to income?
Census ACS data puts Palmetto Bay's median home value at about 5.5 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Palmetto Bay, FL?
Manifest and public school-directory data suggest MIAMI-DADE for many Palmetto Bay addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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