Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bay Harbor Islands area can be challenging. Home prices in Bay Harbor Islands are now at a median cost of $484,038, higher than the Florida average of $278,762.
The average cost of rent is $2,280/mo in Bay Harbor Islands, primarily driven by the current value of real estate in the Bay Harbor Islands area. While nearly 41.72% of residents own their homes outright in Bay Harbor Islands, 49.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bay Harbor Islands is $8,498 per month. Households that rent pay about 26.83% of their income on rent here. Bay Harbor Islands's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Bal Harbour, FL: higher priced homes
- Indian Creek, FL: higher priced homes
- Surfside, FL: higher priced homes
- North Bay Village, FL: less expensive homes
- Biscayne Park, FL: equally priced homes
- North Miami, FL: higher priced homes
- Sunny Isles Beach, FL: higher priced homes
- North Miami Beach, FL: less expensive homes
- Miami Shores, FL: equally priced homes
- Golden Glades, FL: less expensive homes
Cities with Similar Populations
- Pipersville, PA: equally priced homes
- Oakmont, PA: less expensive homes
- Ocilla, GA: less expensive homes
- Olivet, MI: less expensive homes
- Delmar, MD: less expensive homes
- Dayton, KY: less expensive homes
- Perry, OH: less expensive homes
- Davidsonville, MD: higher priced homes
- Dalton, OH: less expensive homes
- Petersburg, IL: less expensive homes
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