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Palmetto Bay, FL Real Estate

Palmetto Bay, Florida is located in Miami-Dade County. Nearby cities and towns include Palmetto Estates, West Perrine, Pinecrest, Richmond Heights, Cutler Bay, Kendall, South Miami Heights, Three Lakes, Goulds, Glenvar Heights, The Crossings, Sunset, South Miami, Coral Gables, Richmond West, Country Walk, Olympia Heights, Princeton, Westwood Lakes, Kendale Lakes, The Hammocks, Coral Terrace, Westchester, University Park, Kendall West, West Miami, Naranja, Homestead Base, Sweetwater, Fountainebleau, Tamiami, Key Biscayne, Leisure City, Miami, Virginia Gardens, Homestead, Doral, Miami Springs, Brownsville, Fisher Island, Florida City, Islandia, Gladeview, Medley, West Little River, Hialeah, Miami Beach, El Portal, Pinewood, Hialeah Gardens, Westview, North Bay Village, Miami Shores, Opa-locka, Biscayne Park, Miami Lakes, Indian Creek, Golden Glades, North Miami, Surfside, Palm Springs North, Bay Harbor Islands, Country Club, Bal Harbour, Miami Gardens, North Miami Beach, and Miramar. Palmetto Bay is a suburban community with a population of 24,351. The median household income is $110,960. In Palmetto Bay, 60% of residents are married, and families with children reside in 45% of the households. Half the population of Palmetto Bay commutes 30 minutes or less to work, with 70% of residents holding white collar jobs and 30% residents holding blue collar jobs. The median age of homes in Palmetto Bay, FL is 27 years, with 78% of those homes owned, 20% rented, and 2% not occupied. In the previous year, 458 Palmetto Bay properties were sold. The median sale price of a home in Palmetto Bay in the previous year was $312,733.

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About Schools in Palmetto Bay, FL

Palmetto Bay offers a range of educational opportunities with 3 elementary schools and one middle school.

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Palmetto Bay, FL Local Market & Demographic Data

Married vs. single

Palmetto Bay, FL
  • 40% Single
  • 60% Married
Florida
  • 53% Single
  • 47% Married

Male VS. Female

Palmetto Bay, FL
  • 51% Female
  • 49% Male
Florida
  • 51% Female
  • 49% Male

Average Age of Citizens in Palmetto Bay, FL

  • 39
  • 41
  • Palmetto Bay, FL
  • Florida

Average Age of Homes in Palmetto Bay, FL

  • 27
  • 20
  • Palmetto Bay, FL
  • Florida

Vacant Homes in Palmetto Bay, FL

  • 2%
  • 15%
  • Palmetto Bay, FL
  • Florida

Average INCOME of Citizens

  • $121,365
  • $67,510
  • Palmetto Bay, FL
  • Florida

Owned Homes vs. Rented Homes

Palmetto Bay, FL
  • 78% Owned
  • 20% Rented
Florida
  • 55% Owned
  • 30% Rented