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Bay Harbor Islands, FL

Full City Profile · Florida · Miami-Dade County County

3.4 /5.0
B Good
5,793 Population 14,483/sq mi density
$84,750 Median Income $53,920 per capita
$542,700 Home Value $671,040 Zillow
$2,348 Median Rent 43.6% income on rent
76°F Avg Temperature 330 sunny days/yr
50 Violent Crime/100K 847 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$84,750 median income, 3.4% unemployment
B
Affordability
3.1 / 5.0
$542,700 home value, $2,348/mo rent
F
Safety
1.0 / 5.0
50 violent crimes/100K
A+
Education
5.0 / 5.0
55.6% bachelor's degree or higher

Housing Overview

Median Home Value
$542,700
93% above
US avg: $281,900
Median Rent
$2,348/mo
102% above
US avg: $1,163/mo
Homeownership Rate
50.9%
22% below US avg (65.4%)
Total Housing Units
2,628
Median year built: 1967

Home Value by Source

Census Median
$542,700
Zillow (ZHVI)
$671,040
Median Sale Price
$675,000
Median List Price
$1,899,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

50.9%
Owner-Occupied
49.1%
Renter-Occupied
51%
49%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent: $2,348/mo · Zillow rent: $2,796/mo

Market Indicators (Redfin)

Median Days on Market
280 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
7
Price Drops
14.5%
of listings with price reduction
Price Per Sq Ft
$447
Active Inventory
145
homes for sale

Affordability & Housing Stock

Rent Burden
43.6%
of renters spending 30%+ of income on housing
41% above US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
50.9%

Complete Housing Data

Home Values

Census Median Value$542,700
Zillow Home Value (ZHVI)$671,040
Median Sale Price$675,000
Median List Price$1,899,000
Price Per Sq Ft$447

Rent

Census Median Rent$2,348
Zillow Rent (ZORI)$2,796
FMR Studio$1,212
FMR 1-Bedroom$1,296
FMR 2-Bedroom$1,526
FMR 3-Bedroom$1,971
FMR 4-Bedroom$2,261

Market

Days on Market280
Sale-to-List Ratio0.9%
Price Drops14.5%
Homes Sold7
Active Inventory145
Price Per Sq Ft$447

Ownership & Stock

Owner-Occupied50.9%
Renter-Occupied49.1%
Homeownership Rate50.9%
Total Housing Units2,628
Median Year Built1967
Rent Burden43.6%