The housing market in Palmetto Bay, FL (33157) is a great investment opportunity. The median value of the homes in this area is $542,700 which is significantly higher than the US median house value of $338,100. This difference shows that the housing market in this area has much better potential for appreciation. The US 1 year house appreciation rate is 8.27%, while Palmetto Bay has seen a 22.93% appreciation rate over the same period of time. This makes investing in Palmetto Bay's housing market a smart decision for those looking to increase their wealth and make a healthy return on investment in the long run.
The median home cost in Palmetto Bay (zip 33157) is $542,700. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Palmetto Bay (zip 33157) is up 25.1%.
Average Age of Homes
- The median age of Palmetto Bay (zip 33157) real estate is 41 years old
The Rental Market in Palmetto Bay (zip 33157)
- Renters make up 28.5% of the Palmetto Bay (zip 33157) population
- 1.6% of houses and apartments in Palmetto Bay (zip 33157), 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.