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There are currently 2,384 real estate properties in Bay Harbor Islands, FL, with a median automated valuation model (AVM) price of $549,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bay Harbor Islands, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bay Harbor Islands, FL, is $1,179,304.00, with the most expensive house in Bay Harbor Islands, FL, topping out at $25,252,100.00 and the cheapest home in Bay Harbor Islands, FL, clocking in at $177,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Bay Harbor Islands, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bay Harbor Islands, FL, is on a rollercoaster ride. The average rent price in Bay Harbor Islands, FL, is $2,187.00. Indeed, when looking to rent in Bay Harbor Islands, FL, you can expect to pay as little as $1,100.00 or as much as $5,440.00, with the average rent median estimated to be $1,880.00. The good news is that finding an affordable and desirable property to rent in Bay Harbor Islands, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Bay Harbor Islands, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Bay Harbor Islands, FL and much more. Save thousands at closing with home foreclosure listings in Bay Harbor Islands, FL — up to 75% off market value!
Bay Harbor Islands is located in Miami-Dade, Florida, with an estimated municipal population of 5,793 residents. All of the best foreclosed homes for sale in Bay Harbor Islands are located in the following zip code areas on Foreclosure.com: 33154. The estimated population per square kilometer (.62 miles) in Bay Harbor Islands is 5,642.
So, about how much do homes cost in Bay Harbor Islands? The most recent median value of resident-owned homes in Bay Harbor Islands is 386,234. An estimated 46.4 percent of households in Bay Harbor Islands own their homes, with an average family size of 2.95. The median household income in Bay Harbor Islands is 78,169, with37.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bay Harbor Islands, the median commute time of resident workers (in minutes) is 29. And last, but certainly not least, are you looking for homes to rent in Bay Harbor Islands? If so, the average rent price paid by renters in Bay Harbor Islands is 1,774, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bay Harbor Islands, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Bay Harbor Islands is 41.1, split between 49.6 percent male versus 50.4 female. The percentage of residents who report being married in Bay Harbor Islands is 45.5, with an average family size of 2.95.
The percentage of residents who report their race in Bay Harbor Islands is as follows:
| White | 83.5% |
| Black / African American | 5% |
| Asian | 1.5% |
| American Indian / Alaskan Native | 0.9% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.5% |
| Other | 7.5% |
Looking for family-friendly neighborhoods in and/or near Bay Harbor Islands? Or maybe you are searching for 55+ active adult communities in and/or near Bay Harbor Islands?
The percentage of residents who report their age in Bay Harbor Islands is as follows:
| Under 10 | 19.6% |
| Aged 10-19 | 10.6% |
| 20s | 6.4% |
| 30s | 12.3% |
| 40s | 18.9% |
| 50s | 11.2% |
| 60s | 6.3% |
| 70s | 10.4% |
| 80+ | 4.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bay Harbor Islands with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bay Harbor Islands.
How do you know that living in -- or moving to -- Bay Harbor Islands is right where you need to be? Perhaps you grew up in Bay Harbor Islands or already live nearby; therefore, the decision to buy a home in Bay Harbor Islands is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bay Harbor Islands for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bay Harbor Islands:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bay Harbor Islands.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bay Harbor Islands can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bay Harbor Islands, meanwhile, can field multiple offers from more qualified buyers.
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