Housing & Real Estate — Palmetto Bay, Florida
Overview
| Total Housing Units | 8,760 |
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| Occupied | 8,138 |
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| Vacant | 622 |
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| Owner-Occupied | 6,431 |
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| Renter-Occupied | 1,707 |
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| Median Home Value (Census) | $879,700 |
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| Estimated 2026 | ~$953,000 |
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| Median Rent | $1,862/mo |
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| Median Property Tax | $6,758/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | expensive |
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| Rent as % of Income | 15.7% |
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| Severely Rent-Burdened | 62.5% |
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Housing Age
| Built 2010 or later | 680 |
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| Built 2000-2009 | 664 |
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| Built 1990-1999 | 863 |
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| Built before 1960 | 937 |
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| Median Year Built | 1976 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
