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Palmetto Bay, FL Housing

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As of 2010-2014, median price of a house in Palmetto Bay is $429,900, which is much higher than the state average of $156,200 and is much higher than the national average of $175,700. The median year that a house in Palmetto Bay was built is 1974, which is older than the median year for a house built in the state which is 1985 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 6,119 Owner Occupied Houses in Palmetto Bay, FL, #43

Palmetto Bay, FL	429,900 USD
Florida	156,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Palmetto Bay, FL		-19.21%
Florida		48.06%
U.S.		46.91%

*The Palmetto Bay, FL median house price growth rate is since 2005-2009. The Florida and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Palmetto Bay, FL	Florida	U.S.
Total Housing Units	7,889, see rank, 100%	9,051,851	132,741,033
Occupied Housing Units	7,251, 91.91%, see rank	79.74%	87.55%
Owner Occupied	6,119, 77.56%, see rank	52.73%	56.34%
Renter Occupied	1,132, 14.35%, see rank	27.01%	31.21%
Vacant Housing Units	638, 8.09%, see rank	20.26%	12.45%
For Rent	154, 1.95%, see rank	2.97%	2.34%
For Sale Only	122, 1.55%, see rank	1.66%	1.20%
Rented or Sold, Not Occupied	155, 1.96%, see rank	1.21%	0.92%
For Seasonal, Recreational, or Occasional Use	122, 1.55%, see rank	9.84%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.04%	0.03%
Other Vacant	85, 1.08%, see rank	4.54%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #711

Palmetto Bay, FL	Florida	U.S.
1974	1985	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Palmetto Bay, FL	%	Florida	U.S.
Owner-Occupied Units	6,119	100%	4,772,944	74,787,460
With a Mortgage	4,192	68.51%, see rank	61.11%	65.58%
Without a Mortgage	1,927	31.49%, see rank	38.89%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Palmetto Bay, FL	2,798 USD
Florida	1,480 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Palmetto Bay, FL	%	Florida	U.S.
$299 or Less	0	0.00%, see rank	0.21%	0.20%
$300 to $499	0	0.00%, see rank	1.53%	1.59%
$500 to $699	62	1.48%, see rank	5.00%	5.01%
$700 to $999	100	2.39%, see rank	14.91%	14.32%
$1,000 to $1,499	318	7.59%, see rank	29.50%	27.90%
$1,500 to $1,999	578	13.79%, see rank	21.21%	20.35%
$2,000 to $2,999	1,289	30.75%, see rank	18.45%	19.52%
$3,000 or More	1,845	44.01%, see rank	9.20%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Palmetto Bay, FL	25.70% of the Total Income
Florida	26.90% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Palmetto Bay, FL	%	Florida	U.S.
10% or Less	247	5.89%, see rank	4.76%	5.86%
10% to 20%	946	22.57%, see rank	25.89%	31.95%
20% to 30%	1,335	31.85%, see rank	25.92%	27.64%
30% to 40%	655	15.63%, see rank	14.93%	13.74%
40% or More	996	23.76%, see rank	27.62%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Palmetto Bay, FL	872 USD
Florida	469 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Palmetto Bay, FL	%	Florida	U.S.
$199 or Less	38	1.97%, see rank	9.06%	7.76%
$200 to $299	24	1.25%, see rank	13.71%	14.70%
$300 to $499	193	10.02%, see rank	32.19%	34.63%
$500 to $699	349	18.11%, see rank	22.09%	21.16%
$700 or More	1,323	68.66%, see rank	22.95%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Palmetto Bay, FL	10.90% of the Total Income
Florida	13.30% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Palmetto Bay, FL	%	Florida	U.S.
10% or Less	897	46.55%, see rank	36.34%	40.19%
10% to 20%	493	25.58%, see rank	31.41%	31.47%
20% to 30%	263	13.65%, see rank	12.98%	12.24%
30% to 40%	101	5.24%, see rank	6.40%	5.64%
40% or More	165	8.56%, see rank	10.85%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Palmetto Bay, FL	Florida	U.S.
Total Housing Units	7,889, 100%	9,051,851	132,741,033
1-unit, Detached	6,574, 83.33%, see rank	54.16%	61.65%
1-unit, Attached	587, 7.44%, see rank	6.28%	5.82%
2 Units	13, 0.16%, see rank	2.17%	3.75%
3 or 4 Units	121, 1.53%, see rank	3.85%	4.43%
5 to 9 Units	143, 1.81%, see rank	5.03%	4.78%
10 or More Units	432, 5.48%, see rank	19.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	19, 0.24%, see rank	9.28%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Palmetto Bay, FL	Florida	U.S.
Total Housing Units	7,889, 100%	9,051,851	132,741,033
1 Room	0, 0.00%, see rank	1.65%	1.95%
2 Rooms	43, 0.55%, see rank	2.16%	2.48%
3 Rooms	487, 6.17%, see rank	10.38%	9.13%
4 Rooms	731, 9.27%, see rank	21.92%	16.60%
5 Rooms	967, 12.26%, see rank	23.70%	20.41%
6 Rooms	1,543, 19.56%, see rank	17.82%	18.06%
7 Rooms	1,680, 21.30%, see rank	10.59%	12.27%
8 Rooms	1,130, 14.32%, see rank	6.13%	8.48%
9 Rooms or More	1,308, 16.58%, see rank	5.66%	10.60%
Median Rooms	6.60, see rank	5.10	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Palmetto Bay, FL	Florida	U.S.
Total Housing Units	7,889, 100%	9,051,851	132,741,033
No Bedroom	12, 0.15%, see rank	1.80%	2.17%
1 Bedroom	305, 3.87%, see rank	10.62%	11.16%
2 Bedrooms	981, 12.44%, see rank	33.79%	26.69%
3 Bedrooms	2,360, 29.92%, see rank	38.45%	39.70%
4 Bedrooms	3,316, 42.03%, see rank	12.90%	16.05%
5 or More Bedrooms	915, 11.60%, see rank	2.45%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Palmetto Bay, FL	Florida	U.S.
Total Housing Units	7,251, 100%	7,217,508	116,211,092
Utility Gas	90, 1.24%, see rank	4.53%	48.85%
Bottled, Tank, or LP Gas	21, 0.29%, see rank	1.12%	4.86%
Electricity	6,894, 95.08%, see rank	92.30%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.22%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	18, 0.25%, see rank	0.20%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.04%	0.47%
No Fuel Used	228, 3.14%, see rank	1.56%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Palmetto Bay, FL	Florida	U.S.
Occupied Units Paying Rent	1,071, 100%	2,322,949	39,201,928
$199 or Less	0, 0.00%, see rank	1.03%	1.50%
$200 to $299	0, 0.00%, see rank	1.85%	3.18%
$300 to $499	25, 2.33%, see rank	3.93%	7.37%
$500 to $699	130, 12.14%, see rank	11.03%	16.01%
$700 to $999	205, 19.14%, see rank	32.44%	29.17%
$1,000 to $1,499	377, 35.20%, see rank	34.44%	26.88%
$1,500 to $1,999	40, 3.73%, see rank	10.35%	9.79%
$2,000 or More	294, 27.45%, see rank	4.93%	6.10%
Median	$1,172, see rank	$998	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Palmetto Bay, FL	Florida	U.S.
Occupied Housing Units	7,251, 100%	7,217,508	116,211,092
No Vehicles Available	160, 2.21%, see rank	7.09%	9.12%
1 Vehicles Available	1,773, 24.45%, see rank	41.49%	33.80%
2 Vehicles Available	3,406, 46.97%, see rank	37.93%	37.48%
3 or More Vehicles Available	1,912, 26.37%, see rank	13.49%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.