Market Overview
Home Prices in Bal Harbour, FL
The median home value in Bal Harbour, FL is $1,938,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bal Harbour are priced373% above average. Bal Harbour is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Bal Harbour home values have risen by approximately48.2%, reflecting strong long-term appreciation in this market.
Price History
Bal Harbour Home Price Trend
City Comparison
Bal Harbour vs. National Median
At $1,938,594, homes in Bal Harbour cost 373% above the national median of $410,000. Buyers in Bal Harbour should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Bal Harbour?
20% Down Payment
$387,719
on $1,938,594
Monthly P&I
$10,111/mo
30-yr @ 6.8%
Total Monthly Est.
~$12,841/mo
incl. taxes & insurance
Income Needed
$513,640
gross annual (30% rule)
10% Down Option
$193,859
+ PMI applies
Loan Amount (20% dn)
$1,550,875
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bal Harbour, FL?
The median home value in Bal Harbour is $1,938,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Bal Harbour?
Over the past year, home values in Bal Harbour have increased by 3.1%. Over five years, prices have risen approximately 48.2%.
How much do I need to earn to buy a home in Bal Harbour?
To comfortably afford the median home price of $1,938,594 with a 20% down payment ($387,719) at today's rates (6.8%), you'd need a gross annual income of approximately $513,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Bal Harbour compare to the national average home price?
The national median home value is approximately $410,000. At $1,938,594, homes in Bal Harbour are 373% above the national average.
What metro area is Bal Harbour part of?
Bal Harbour is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.