The median home in Village of Palmetto Bay, Florida is valued at $1,062,161, down 1.7% year over year. Typical monthly rent is $2,622, producing a price-to-rent ratio of 33.8x — well above the national average of 18x. Village of Palmetto Bay is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Miami-Fort Lauderdale-Pompano Beach, FL stress score, crash risk, and 12-month forecast →

Home Value$1,062,161

-1.7%

Rent$2,622/mo

AFFORDABILITY

Enter your income for Village of Palmetto Bay.

Income (annual)

Down Payment

$212,432 on $1,062,161

Out of reach — 103.7% of income

Need $277,800/yr to afford.

PITI$6,482

P/I103.7%

Afford$287K

Gap-$775K

P&I $5,371Tax $761Ins $350

Renting $3,860/mo cheaper ($2,622 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Village of Palmetto Bay with other housing markets across Florida.

Jupiter Island$9494K Golden Beach$7499K Fisher Island$6393K Lake Buena Vista$6088K Jupiter Inlet Colony$3619K Manalapan$3569K Golf$2871K Boca Grande$2635K

Full Miami-Fort Lauderdale-Pompano Beach, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Miami-Fort Lauderdale-Pompano Beach, FL metro.

View Miami-Fort Lauderdale-Pompano Beach, FL metro →

VILLAGE OF PALMETTO BAY, FL