Home prices
The median home in Palmetto Bay costs $562,300. In comparison to the surrounding areas it is approximately $184,600 (48%) higher.It is roughly $344,800 (158%) higher compared to the US as a whole, and compared to the city of Miami it is approximately $244,600 (76%) higher.
Rents
In Palmetto Bay the median monthly rent is $1,426. In comparison to other places in this area it is is very similar.It is approximately $364 (34%) higher in comparison to the entire country, and is approximately $243 (20%) higher in comparison to the city of Miami.
Nearby places
Palmetto Estates
Palmetto Estates is Palmetto Bay's neighbor to the west. Housing prices there are substantially less expensive. The median home in Palmetto Estates is valued at $236,000, which comes out to $326,300 (138%) lower than Palmetto Bay. Its rents are somewhat more expensive. The median monthly rent in Palmetto Estates is $1,519, which comes out to $93 (6%) higher than Palmetto Bay.
West Perrine
West Perrine is Palmetto Bay's neighbor to the southwest. The real estate prices there are significantly less expensive. The median home in West Perrine is valued at $205,100, which is $357,200 (174%) lower than Palmetto Bay. Rents there are significantly less expensive. The median rent in West Perrine is $1,071 per month, which comes out to $355 (33%) lower than Palmetto Bay.
Pinecrest
Pinecrest is Palmetto Bay's neighbor to the north. The real estate prices there are significantly more expensive. The median home in Pinecrest costs $949,400, which is $387,100 (40%) higher than Palmetto Bay. Its rents are a bit more expensive. In Pinecrest the median monthly rent is $1,549, which comes out to $123 (7%) higher than Palmetto Bay.
Cutler Bay
Cutler Bay is Palmetto Bay's neighbor to the south. Its real estate prices are a lot less expensive. The price of the median home in Cutler Bay is $287,000, which comes out to $275,300 (95%) lower than Palmetto Bay. Rents there are somewhat more expensive. The median rent in Cutler Bay is $1,556 a month, which is $130 (8%) higher than Palmetto Bay.
Richmond Heights
Richmond Heights is approximately 3 miles west from Palmetto Bay. The housing prices there are significantly less expensive. Richmond Heights's median home price is $211,000, which works out to $351,300 (166%) lower than Palmetto Bay. Its rents are fairly similar. In Richmond Heights the median rent is $1,478 per month, which works out to $52 (3%) higher than Palmetto Bay.
