Home prices
The cost of the median home in North Bay Village is $331,500. It is roughly $167,880 (33%) lower compared to other places in this area.It is approximately $114,000 (52%) higher compared to the US as a whole, and compared to the city of Miami is approximately $13,800 (4%) higher.
Rents
North Bay Village's median monthly rent is $1,764. This is roughly $287 (19%) higher in comparison to the surrounding areas.In comparison to the US as a whole it is about $702 (66%) higher, and it is approximately $581 (49%) higher compared to the city of Miami.
Nearby places
Miami Beach
Miami Beach is North Bay Village's neighbor to the south. The housing prices there are somewhat more expensive. Miami Beach's median home cost is $459,000, which is $127,500 (27%) higher than North Bay Village. Rents there are a bit less expensive. In Miami Beach the median rent is $1,396 a month, which works out to $368 (26%) lower than North Bay Village.
Miami Shores
Miami Shores is approximately 2 miles northwest from North Bay Village. The real estate prices there are substantially more expensive. The median home price in Miami Shores is $558,700, which is $227,200 (40%) higher than North Bay Village. Its rents are a little less expensive. The median rent in Miami Shores is $1,523 a month, which works out to $241 (15%) lower than North Bay Village.
El Portal
El Portal is approximately 2 miles west from North Bay Village. Its real estate prices are somewhat more expensive. El Portal's median home value is $396,400, which comes out to $64,900 (16%) higher than North Bay Village. Rent there is significantly less expensive. El Portal's median monthly rent is $1,100, which comes out to $664 (60%) lower than North Bay Village.
Surfside
Surfside is approximately 2 miles northeast from North Bay Village. Its real estate prices are significantly more expensive. The median home price in Surfside is $625,500, which is $294,000 (47%) higher than North Bay Village. The rent there is a little more expensive. The median monthly rent in Surfside is $1,977, which is $213 (10%) higher than North Bay Village.
Biscayne Park
Biscayne Park is approximately 3 miles northwest from North Bay Village. The housing prices there are a little more expensive. Biscayne Park's median home value is $457,300, which comes out to $125,800 (27%) higher than North Bay Village. Rent there is a little less expensive. In Biscayne Park the median rent is $1,389 a month, which is $375 (26%) lower than North Bay Village.
