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Foreclosure Homes in Palmetto Bay, FL

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View this home at Sw 71st Ave Palmetto Bay FL 33158
Foreclosure
$3,659,701 EMV

6 Bed | 6 Bath | 4,871 Sq. Ft.

View this home at Sw 92nd Ave Palmetto Bay FL 33157
Preforeclosure
$660,486 EMV

5 Bed | 2 Bath | 1,968 Sq. Ft.

View this home at Sw 141st St Palmetto Bay FL 33176
Preforeclosure

| 0 Sq. Ft.

View this home at Sw 84th Pl Palmetto Bay FL 33157
Preforeclosure
$1,220,173 EMV

4 Bed | 3 Bath | 2,628 Sq. Ft.

View this home at Sw 74th Pl Palmetto Bay FL 33157
Preforeclosure
$1,445,906 EMV

4 Bed | 3 Bath | 3,537 Sq. Ft.

View this home at Sw 91st Ct Palmetto Bay FL 33157
Preforeclosure
$681,416 EMV

3 Bed | 2 Bath | 1,502 Sq. Ft.

View this home at Sw 183rd St Palmetto Bay FL 33157
Preforeclosure
$1,170,618 EMV
View this home at Sw 87th Pl Palmetto Bay FL 33157
Preforeclosure
$771,635 EMV

4 Bed | 2 Bath | 1,672 Sq. Ft.

View this home at Sw 178th Ter Palmetto Bay FL 33157
Preforeclosure
$1,329,676 EMV

4 Bed | 2 Bath | 2,881 Sq. Ft.

View this home at Sw 170th St Palmetto Bay FL 33157
Preforeclosure
$1,102,080 EMV

4 Bed | 2 Bath | 2,562 Sq. Ft.

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Palmetto Bay, FL Foreclosures

How much do homes sell for in Palmetto Bay, FL?
The average home price is currently $1,051,507.
In Palmetto Bay, FL, how many homes are available?
There are currently 8,104 active home listings available in Palmetto Bay.
What’s the average rental cost in Palmetto Bay, FL?
The average rental price in Palmetto Bay is $2,901.
What is the most expensive home in Palmetto Bay, Florida?
The most expensive home sold in Palmetto Bay had a price of $8,752,003.
What is currently the cheapest priced home in Palmetto Bay, FL?
The cheapest home for sale in Palmetto Bay is priced at $27,544.

Home Value Estimator For Palmetto Bay, FL

There are currently 8,104 real estate properties in Palmetto Bay, FL, with a median automated valuation model (AVM) price of $1,018,072.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palmetto Bay, 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 Palmetto Bay, FL, is $1,051,507.00, with the most expensive house in Palmetto Bay, FL, topping out at $8,752,003.00 and the cheapest home in Palmetto Bay, FL, clocking in at $27,544.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmetto Bay, FL!


Rent Prices In Palmetto Bay, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmetto Bay, FL, is on a rollercoaster ride. The average rent price in Palmetto Bay, FL, is $2,901.00. Indeed, when looking to rent in Palmetto Bay, FL, you can expect to pay as little as $880.00 or as much as $4,540.00, with the average rent median estimated to be $2,860.00. The good news is that finding an affordable and desirable property to rent in Palmetto Bay, 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.


Top Reasons To Live In Palmetto Bay, FL In 2024

Palmetto Bay is located in Miami-Dade, Florida, with an estimated municipal population of 24,523 residents. All of the best foreclosed homes for sale in Palmetto Bay are located in the following zip code areas on Foreclosure.com: 33158 33157 33257. The estimated population per square kilometer (.62 miles) in Palmetto Bay is 1,142.


Cost Of Living In Palmetto Bay, FL

So, about how much do homes cost in Palmetto Bay? The most recent median value of resident-owned homes in Palmetto Bay is 562,063. An estimated 80.7 percent of households in Palmetto Bay own their homes, with an average family size of 3.56. The median household income in Palmetto Bay is 123,477, with59.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Palmetto Bay, the median commute time of resident workers (in minutes) is 37.5. And last, but certainly not least, are you looking for homes to rent in Palmetto Bay? If so, the average rent price paid by renters in Palmetto Bay is 1,426, according to recent statistics.


Diversity And Demographics In Palmetto Bay, Florida

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 Palmetto Bay, 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 Palmetto Bay is 41.5, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Palmetto Bay is 56.2, with an average family size of 3.56.

The percentage of residents who report their race in Palmetto Bay is as follows:

White 86.5%
Black / African American 3.7%
Asian 4.8%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3%
Other 1.8%

Looking for family-friendly neighborhoods in and/or near Palmetto Bay? Or maybe you are searching for 55+ active adult communities in and/or near Palmetto Bay?

The percentage of residents who report their age in Palmetto Bay is as follows:

Under 10 12.3%
Aged 10-19 15.9%
20s 10.9%
30s 9.4%
40s 15.1%
50s 16%
60s 10.5%
70s 5.5%
80+ 4.4%

Best Schools In Palmetto Bay, Florida

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 Palmetto Bay with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Palmetto Bay.


Pros And Cons Of Living In Palmetto Bay, Florida

How do you know that living in -- or moving to -- Palmetto Bay is right where you need to be? Perhaps you grew up in Palmetto Bay or already live nearby; therefore, the decision to buy a home in Palmetto Bay is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Palmetto Bay 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 Palmetto Bay:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Palmetto Bay.


Reasons To Move To Palmetto Bay, Florida, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Palmetto Bay can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Palmetto Bay, meanwhile, can field multiple offers from more qualified buyers.

Palmetto Bay, FL Foreclosures


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