Rental market snapshot for Palmetto Bay, Florida

Palmetto Bay, Florida Rental Property Market Overview

Palmetto Bay, Florida is a vibrant and diverse community located in Miami-Dade County. As of 2021, the population of Palmetto Bay is estimated to be 23,820 according to the US Census. The town is known for its lush parks, beautiful beaches, and vibrant culture. It is a great place to live, work, and play. With its close proximity to Miami, it is a great place to explore the city and its many attractions.

The average rent for an apartment in Palmetto Bay is $3,050. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.1% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Palmetto Bay Florida | Cost of Living

  • The most expensive ZIP Code in Palmetto Bay is 33158 with an average price of $3,765
  • The cheapest ZIP Code in Palmetto Bay is 33157 with an average price of $2,890

Palmetto Bay ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
133158$3,765
233157$3,030

Live near Palmetto Bay, Florida's Top Sights and Attractions

Palmetto Bay Park is a sprawling outdoor recreation area located in South Florida. It features a variety of amenities, including a large lake, picnic areas, playgrounds, walking trails, and a variety of sports fields. The park also has a boat launch, fishing pier, and a beach area. Visitors can also enjoy a variety of wildlife, including birds, turtles, and alligators. The park is a great place for families to spend the day outdoors, enjoying the sunshine and nature.

Coral Reef Park is a lush, tropical oasis located in the heart of a bustling metropolitan area. The park features a variety of outdoor activities, including a large lake with a sandy beach, a playground, and a boardwalk. Visitors can also explore the park's nature trails, which lead to a variety of native plants and wildlife. The park also features a picnic area and a pavilion, perfect for hosting special events. With its stunning views of the bay and its abundance of outdoor activities, Coral Reef Park is a great place to spend a day with family and friends.

The Charles Deering Estate is a historic property located on the shores of Biscayne Bay in South Florida. It is a 20-acre estate with a Mediterranean Revival-style mansion, a Japanese garden, a lagoon, and a nature trail. The mansion was built in the early 1900s and features a grand entrance hall, a library, a formal dining room, and a sunroom. The estate also includes a chapel, a carriage house, and a caretaker's cottage. Visitors can explore the grounds and take guided tours of the mansion. The estate is also a popular venue for weddings and other special events.

Bill Sadowski Preserve is a beautiful nature preserve located in Palmetto Bay, Florida. It features a variety of outdoor activities, including hiking, biking, bird watching, and kayaking. The preserve is home to a variety of wildlife, including alligators, turtles, and a variety of birds. There are also several boardwalks and trails that wind through the preserve, allowing visitors to explore the area and take in the stunning views. The preserve is also home to a variety of educational programs, such as guided tours and workshops.

Old Cutler Hammock Park is a lush, tropical park located in the heart of South Florida. It features a variety of activities for visitors, including walking trails, picnic areas, playgrounds, and a fishing pier. The park is also home to a variety of wildlife, including birds, turtles, and fish. The park is a great spot for a relaxing day outdoors, with plenty of shade and plenty of room to explore.

Perrine Wayside Park is a scenic waterfront park located in the south of Florida. It features a boardwalk that stretches along the shoreline, offering stunning views of the bay and its surrounding islands. The park also has a playground, picnic areas, and a fishing pier. Visitors can also enjoy a variety of outdoor activities such as kayaking, canoeing, and paddle boarding. The park is a great spot for bird watching, and is home to a variety of wildlife, including manatees, dolphins, and sea turtles.

Ludovici Park is a lush, green oasis located in the heart of a bustling suburban area. It features a variety of recreational activities, including a playground, a walking path, a basketball court, and a picnic area. The park is also home to a variety of wildlife, including birds, turtles, and fish. The park is a great place to relax and enjoy the outdoors, and is a popular spot for families and friends to spend time together.

Thalatta Estate Park is a picturesque park located on the edge of a tranquil bay. It features a large grassy area with plenty of shade trees, a playground, and a boardwalk that winds through the mangroves. Visitors can enjoy a variety of activities, including fishing, kayaking, and bird watching. The park also has a picnic area and a pavilion, perfect for hosting events. With its stunning views of the bay and its lush natural surroundings, Thalatta Estate Park is a great place to relax and enjoy the outdoors.

Area 259 is a unique outdoor attraction located in Palmetto Bay, Florida. It features a large, natural rock formation that is perfect for exploring and taking in the surrounding scenery. The area is filled with lush vegetation and wildlife, making it a great spot for bird watching and nature photography. There is also a picnic area and a playground for children. Visitors can take a leisurely stroll around the area or take a guided tour to learn more about the area's history and ecology.

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Palmetto Bay, Florida area median rent change by ZIP Code map

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How does Palmetto Bay compare to other cities in Florida ?

citymedian price
Hollywood$2,800
Grand Island$1,735
St. Petersburg$1,995
Dade City$2,055
Fleming Island$2,115
Lake Mary$2,140
Gainesville$1,400
Lake Park$1,849

Average household income in Palmetto Bay area graph - US Census

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The median household income in Palmetto Bay in 2021 was $123,235. This represents a 16.2% change from 2011 when the median was $106,017.

#categorypercent
0Less than $10,0004.1%
1$10,000 to $14,9991.2%
2$15,000 to $19,9991.2%
3$20,000 to $24,9991.9%
4$25,000 to $29,9991.4%
5$30,000 to $34,9992.3%
6$35,000 to $39,9992.0%
7$40,000 to $44,9992.8%
8$45,000 to $49,9992.5%
9$50,000 to $59,9993.7%
10$60,000 to $74,9997.1%
11$75,000 to $99,9999.7%
12$100,000 to $124,99910.9%
13$125,000 to $149,99910.6%
14$150,000 to $199,99910.4%
15$200,000 or more28.3%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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