Market Overview
Home Prices in South Bay, FL
The median home value in South Bay, FL is $227,378 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Bay are priced45% below average. South Bay is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, South Bay home values have risen by approximately36.8%, reflecting strong long-term appreciation in this market.
Price History
South Bay Home Price Trend
City Comparison
South Bay vs. National Median
At $227,378, homes in South Bay cost 45% below the national median of $410,000. This makes South Bay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Bay?
20% Down Payment
$45,476
on $227,378
Monthly P&I
$1,186/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,506/mo
incl. taxes & insurance
Income Needed
$60,240
gross annual (30% rule)
10% Down Option
$22,738
+ PMI applies
Loan Amount (20% dn)
$181,902
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 South Bay, FL?
The median home value in South Bay is $227,378 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in South Bay?
Over the past year, home values in South Bay have increased by 1%. Over five years, prices have risen approximately 36.8%.
How much do I need to earn to buy a home in South Bay?
To comfortably afford the median home price of $227,378 with a 20% down payment ($45,476) at today's rates (6.8%), you'd need a gross annual income of approximately $60,240. This assumes keeping total housing costs at or below 30% of gross income.
How does South Bay compare to the national average home price?
The national median home value is approximately $410,000. At $227,378, homes in South Bay are 45% below the national average.
What metro area is South Bay part of?
South 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.