The Most Affordable Neighborhoods in Bayshore, Miami Beach, FL by Home Value

 

Bayshore, Miami Beach, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bayshore area can be challenging. Home prices in Bayshore are now at a median cost of $1,085,976, higher than the Miami Beach average of $803,402.

The average cost of rent is $2,499/mo in Bayshore, primarily driven by the current value of real estate in the Bayshore area. While nearly 49.03% of residents own their homes outright in Bayshore, 33.00% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bayshore is $13,393 per month. Households that rent pay about 18.66% of their income on rent here. Bayshore's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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