Market Overview
Home Prices in Bay Harbor Islands, FL
The median home value in Bay Harbor Islands, FL is $680,617 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bay Harbor Islands are priced66% above average. Bay Harbor Islands is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Bay Harbor Islands home values have risen by approximately42.1%, reflecting strong long-term appreciation in this market.
Price History
Bay Harbor Islands Home Price Trend
City Comparison
Bay Harbor Islands vs. National Median
At $680,617, homes in Bay Harbor Islands cost 66% above the national median of $410,000. Buyers in Bay Harbor Islands should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Bay Harbor Islands?
20% Down Payment
$136,123
on $680,617
Monthly P&I
$3,550/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,509/mo
incl. taxes & insurance
Income Needed
$180,360
gross annual (30% rule)
10% Down Option
$68,062
+ PMI applies
Loan Amount (20% dn)
$544,494
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 Bay Harbor Islands, FL?
The median home value in Bay Harbor Islands is $680,617 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Bay Harbor Islands?
Over the past year, home values in Bay Harbor Islands have decreased by 2.2%. Over five years, prices have risen approximately 42.1%.
How much do I need to earn to buy a home in Bay Harbor Islands?
To comfortably afford the median home price of $680,617 with a 20% down payment ($136,123) at today's rates (6.8%), you'd need a gross annual income of approximately $180,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Bay Harbor Islands compare to the national average home price?
The national median home value is approximately $410,000. At $680,617, homes in Bay Harbor Islands are 66% above the national average.
What metro area is Bay Harbor Islands part of?
Bay Harbor Islands is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.