Palmetto Bay village
Florida
Palmetto Bay offers a unique blend of suburban tranquility and South Florida vibrancy. Nestled just south of Miami, this village provides a family-friendly atmosphere with a strong sense of community. Despite a median home value significantly higher than the national average, at $715,700, the investment here is justified by the quality of life. Residents enjoy well-maintained parks, top-rated schools, and a slower pace compared to the bustling city, all while remaining within easy reach of Miami's cultural and entertainment offerings. The local economy thrives, reflected in a median household income of $144,987, nearly double the national figure, which speaks volumes about the area's affluence and opportunities.
For those considering an investment or a move, Palmetto Bay presents a compelling case. The housing market is robust, with a consistent demand for properties in this desirable area. While I don't have unemployment figures, the high median income suggests a healthy job market. The village is known for its safety, making it ideal for families. It's a place where neighbors know each other, and children can safely play outdoors. If you're seeking a secure, well-resourced community with a strong sense of belonging, Palmetto Bay is an excellent choice.
Palmetto Bay village, Florida at a Glance
Palmetto Bay village is a city in Florida with a population of approximately 24,267. The median home value is $715,700 and the median household income is $144,987.. The violent crime rate is 4.0 per 1,000 residents, compared to the national average of 3.6. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $776 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$715,700
Median Income
$144,987
Population
24,267
Walk Score
N/A
Air Quality
AQI 38
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 24,267
- Median Age
- N/A
- Median Household Income
- $144,987
94% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 5.2%
58% below nat'l avg
- Median Home Value
- $715,700
154% above nat'l avg
- Median Rent
- $776
33% below nat'l avg
- Homeownership Rate
- 80.0%
21% above nat'l avg
- Affordability Index
- 214
114% above nat'l avg
- Violent Crime Rate
- 4.0 per 1K
11% above nat'l avg
- Property Crime Rate
- 23.6 per 1K
24% above nat'l avg
- AQI
- 38
10% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 66.56
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 14.1¢/kWh
15% below nat'l avg
- Est. Monthly Electric
- $127
7% below nat'l avg
- Unemployment Rate
- 3.6%
3% below nat'l avg
- Poverty Rate
- 5.2%
58% below nat'l avg
Weather & Climate in Palmetto Bay village
Avg High
83°F
Avg Low
65°F
Annual Rainfall
56.4"
Avg Humidity
77%
Political Landscape
↗ Trending more Republican
Based on Polk County county-level presidential election data
Culture & Things to Do in Palmetto Bay village
Palmetto Bay Farmers Market
A weekly market offering fresh produce, local crafts, and food vendors.
Palmetto Bay ArtWalk
An event showcasing local artists and their work.
Palmetto Bay Summer Concert Series
Free outdoor concerts held during the summer months.
Palmetto Bay Halloween Fest
A family-friendly Halloween celebration with trick-or-treating and activities.
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