Market Overview
Home Prices in Cutler Bay, FL
The median home value in Cutler Bay, FL is $566,892 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.8% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cutler Bay are priced38% above average. Cutler Bay is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Cutler Bay home values have risen by approximately43.7%, reflecting strong long-term appreciation in this market.
Price History
Cutler Bay Home Price Trend
City Comparison
Cutler Bay vs. National Median
At $566,892, homes in Cutler Bay cost 38% above the national median of $410,000. Buyers in Cutler Bay should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cutler Bay?
20% Down Payment
$113,378
on $566,892
Monthly P&I
$2,957/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,755/mo
incl. taxes & insurance
Income Needed
$150,200
gross annual (30% rule)
10% Down Option
$56,689
+ PMI applies
Loan Amount (20% dn)
$453,514
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 Cutler Bay, FL?
The median home value in Cutler Bay is $566,892 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.8% year-over-year.
How much have home prices changed in Cutler Bay?
Over the past year, home values in Cutler Bay have decreased by 0.8%. Over five years, prices have risen approximately 43.7%.
How much do I need to earn to buy a home in Cutler Bay?
To comfortably afford the median home price of $566,892 with a 20% down payment ($113,378) at today's rates (6.8%), you'd need a gross annual income of approximately $150,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Cutler Bay compare to the national average home price?
The national median home value is approximately $410,000. At $566,892, homes in Cutler Bay are 38% above the national average.
What metro area is Cutler Bay part of?
Cutler Bay is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.