The Most Affordable Neighborhoods in Normandy Isles, North Bay Village, FL by Home Value

 

Normandy Isles, North Bay Village, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Normandy Isles area can be challenging. Home prices in Normandy Isles are now at a median cost of $230,177, lower than the North Bay Village average of $409,285.

The average cost of rent is $1,499/mo in Normandy Isles, primarily driven by the current value of real estate in the Normandy Isles area. While nearly 60.87% of residents own their homes outright in Normandy Isles, 67.92% rent.

Housing affordability isn’t just about home prices, though. The average household income in Normandy Isles is $5,084 per month. Households that rent pay about 29.48% of their income on rent here. Normandy Isles's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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