Market Overview
Home Prices in Village of Palmetto Bay, FL
The median home value in Village of Palmetto Bay, FL is $1,117,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Village of Palmetto Bay are priced173% above average. Village of Palmetto Bay is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Village of Palmetto Bay home values have risen by approximately59.9%, reflecting strong long-term appreciation in this market.
Price History
Village of Palmetto Bay Home Price Trend
City Comparison
Village of Palmetto Bay vs. National Median
🏠 Village of Palmetto Bay
At $1,117,851, homes in Village of Palmetto Bay cost 173% above the national median of $410,000. Buyers in Village of Palmetto Bay should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Village of Palmetto Bay?
20% Down Payment
$223,570
on $1,117,851
Monthly P&I
$5,830/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,404/mo
incl. taxes & insurance
Income Needed
$296,160
gross annual (30% rule)
10% Down Option
$111,785
+ PMI applies
Loan Amount (20% dn)
$894,281
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 Village of Palmetto Bay, FL?
The median home value in Village of Palmetto Bay is $1,117,851 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 Village of Palmetto Bay?
Over the past year, home values in Village of Palmetto Bay have increased by 1%. Over five years, prices have risen approximately 59.9%.
How much do I need to earn to buy a home in Village of Palmetto Bay?
To comfortably afford the median home price of $1,117,851 with a 20% down payment ($223,570) at today's rates (6.8%), you'd need a gross annual income of approximately $296,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Village of Palmetto Bay compare to the national average home price?
The national median home value is approximately $410,000. At $1,117,851, homes in Village of Palmetto Bay are 173% above the national average.
What metro area is Village of Palmetto Bay part of?
Village of Palmetto 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.