Market Overview
Home Prices in North Bay Village, FL
The median home value in North Bay Village, FL is $390,287 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and down 8.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Bay Village are priced5% below average. North Bay Village is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, North Bay Village home values have risen by approximately39.6%, reflecting strong long-term appreciation in this market.
Price History
North Bay Village Home Price Trend
City Comparison
North Bay Village vs. National Median
At $390,287, homes in North Bay Village cost 5% below the national median of $410,000. This makes North Bay Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in North Bay Village?
20% Down Payment
$78,057
on $390,287
Monthly P&I
$2,036/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,586/mo
incl. taxes & insurance
Income Needed
$103,440
gross annual (30% rule)
10% Down Option
$39,029
+ PMI applies
Loan Amount (20% dn)
$312,230
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 North Bay Village, FL?
The median home value in North Bay Village is $390,287 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in North Bay Village?
Over the past year, home values in North Bay Village have decreased by 0.9%. Over five years, prices have risen approximately 39.6%.
How much do I need to earn to buy a home in North Bay Village?
To comfortably afford the median home price of $390,287 with a 20% down payment ($78,057) at today's rates (6.8%), you'd need a gross annual income of approximately $103,440. This assumes keeping total housing costs at or below 30% of gross income.
How does North Bay Village compare to the national average home price?
The national median home value is approximately $410,000. At $390,287, homes in North Bay Village are 5% below the national average.
What metro area is North Bay Village part of?
North Bay Village is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.