The housing market in Palmetto Bay, FL is incredibly robust. The median value of a house in the area clocks in at around $927,700, which is almost three times higher than the US median value of $338,100. What's more impressive is that in just the past year, houses have appreciated by 22.93%, while the national average was 8.27%. This kind of appreciation indicates strong demand and economic stability for those looking to buy or sell homes in Palmetto Bay, FL.
The median home cost in Palmetto Bay is $927,700. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Palmetto Bay is up 25.1%.
Average Age of Homes
- The median age of Palmetto Bay real estate is 42 years old
The Rental Market in Palmetto Bay
- Renters make up 14.3% of the Palmetto Bay population
- 1.6% of houses and apartments in Palmetto Bay, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.