Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the North Bay Village area can be challenging. Home prices in North Bay Village are now at a median cost of $409,285, higher than the Florida average of $278,762.
The average cost of rent is $1,683/mo in North Bay Village, primarily driven by the current value of real estate in the North Bay Village area. While nearly 46.32% of residents own their homes outright in North Bay Village, 61.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in North Bay Village is $5,518 per month. Households that rent pay about 30.50% of their income on rent here. North Bay Village's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Indian Creek, FL: higher priced homes
- Surfside, FL: higher priced homes
- Bay Harbor Islands, FL: higher priced homes
- Bal Harbour, FL: higher priced homes
- Miami Shores, FL: higher priced homes
- Biscayne Park, FL: higher priced homes
- El Portal, FL: higher priced homes
- North Miami, FL: higher priced homes
- Miami Beach, FL: higher priced homes
- Pinewood, FL: less expensive homes
Cities with Similar Populations
- Southampton, PA: equally priced homes
- Elizabethton, TN: less expensive homes
- Elk Grove Village, IL: less expensive homes
- Enterprise, AL: less expensive homes
- Fenton, MI: less expensive homes
- Fernandina Beach, FL: equally priced homes
- Flowery Branch, GA: less expensive homes
- Isabela, PR: less expensive homes
- Kearns, UT: less expensive homes
- Severn, MD: equally priced homes
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