2026 Affordability Data
Most Affordable Neighborhoods in Palmetto Bay - 2026 Data
The median home value in Palmetto Bay is $696,500, 147% above nat'l avg. Median rent is $1,728/month. With an affordability index of 130, Palmetto Bay is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Palmetto Bay, FL area.
Key Takeaways: Affordability in Palmetto Bay
- 1The most affordable neighborhood in Palmetto Bay is Sanford, with a median home value of $77,800.
- 2Palmetto Bay's median home value is $696,500, 147% above nat'l avg (national: $281,900).
- 3Palmetto Bay's affordability index is 130 (baseline 100), making it more affordable than the national average.
- 4Median rent in Palmetto Bay is $1,728/month, 49% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Palmetto Bay to find the most affordable areas based on home values, rent, and affordability index.
Palmetto Bay Affordability Overview
Median Home Value
$696,500
147% above nat'l avg
Median Rent
$1,728/mo
49% above nat'l avg
Median Income
$204,265
174% above nat'l avg
Affordability Index
130
30% above nat'l avg
Most Affordable Neighborhoods in Palmetto Bay (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | SanfordFL | $77,800 |
| 2 | AuburndaleFL | $229,400 |
| 3 | North Palm Beach villageFL | $418,100 |
| 4 | Haines CityFL | $222,100 |
| 5 | SeminoleFL | $279,000 |
| 6 | BartowFL | $195,200 |
| 7 | Belle GladeFL | $136,500 |
| 8 | SebringFL | $152,000 |
| 9 | LakelandFL | $207,800 |
| 10 | MinneolaFL | $348,700 |
| 11 | Holly HillFL | $155,600 |
| 12 | North LauderdaleFL | $234,300 |
| 13 | West ParkFL | $305,400 |
| 14 | Wellington villageFL | $492,300 |
| 15 | Lake WalesFL | $208,500 |
Detailed Neighborhood Profiles
Home Value: $77,800
Rent: $1,233/mo
Affordability: 258
Population: 1,397
Walk Score: 68/100
Home Value: $229,400
Rent: $776/mo
Affordability: 214
Population: 16,432
Home Value: $418,100
Rent: $776/mo
Affordability: 214
Population: 13,092
4
Home Value: $222,100
Rent: $776/mo
Affordability: 214
Population: 28,922
5
Home Value: $279,000
Rent: $776/mo
Affordability: 214
Population: 19,287
6
Home Value: $195,200
Rent: $776/mo
Affordability: 214
Population: 19,424
7
Home Value: $136,500
Rent: $776/mo
Affordability: 214
Population: 16,896
8
Home Value: $152,000
Rent: $776/mo
Affordability: 214
Population: 11,006
9
Home Value: $207,800
Rent: $776/mo
Affordability: 214
Population: 114,404
10
Home Value: $348,700
Rent: $776/mo
Affordability: 214
Population: 14,406
11
Home Value: $155,600
Rent: $776/mo
Affordability: 214
Population: 12,919
12
Home Value: $234,300
Rent: $776/mo
Affordability: 214
Population: 44,635
13
Home Value: $305,400
Rent: $776/mo
Affordability: 214
Population: 15,074
14
Home Value: $492,300
Rent: $776/mo
Affordability: 214
Population: 61,373
15
Home Value: $208,500
Rent: $776/mo
Affordability: 214
Population: 16,455
Frequently Asked Questions About Affordability in Palmetto Bay
What is the most affordable neighborhood in Palmetto Bay, FL?▾
Based on 2026 data, Sanford is the most affordable neighborhood in Palmetto Bay with a median home value of $77,800. Kurby analyzed 15 neighborhoods in the Palmetto Bay area to compile these rankings.
What is the median home price in Palmetto Bay, FL?▾
The median home price in Palmetto Bay is $696,500, which is 147% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Palmetto Bay affordable compared to the national average?▾
Palmetto Bay has an affordability index of 130, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Palmetto Bay, FL?▾
The median monthly rent in Palmetto Bay is $1,728. This is 49% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Palmetto Bay?▾
The median household income in Palmetto Bay is $204,265 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Palmetto Bay are below the national average home price?▾
11 out of 15 ranked neighborhoods in Palmetto Bay have a median home value below the national average of $281,900. The most affordable is Sanford at $77,800 (Source: Kurby, 2026).