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These days, finding an affordable place to live in the Bal Harbour area can be challenging. Home prices in Bal Harbour are now at a median cost of $1,593,796, higher than the Florida average of $396,783.
The average cost of rent is $2,882/mo in Bal Harbour, primarily driven by the current value of real estate in the Bal Harbour area. In Bal Harbour, 42.35% of households rent, and 80.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bal Harbour is $8,678 per month. Households that rent pay about 33.21% of their income on rent here. Bal Harbour’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Middlefield, CT: less expensive homes
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- Julian, NC: less expensive homes
- Haskell, OK: less expensive homes
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