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Palmetto Estates, FL
Full City Profile · Florida · Miami-Dade County County
3.1
/5.0
B
Good
16,587
Population
7,679/sq mi density
$82,199
Median Income
$29,265 per capita
$412,200
Home Value
$557,022 Zillow
$2,015
Median Rent
39.1% income on rent
76°F
Avg Temperature
330 sunny days/yr
179
Violent Crime/100K
3,404 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$82,199 median income, 2.6% unemployment
B+
Affordability
3.8 / 5.0
$412,200 home value, $2,015/mo rent
F
Safety
1.0 / 5.0
179 violent crimes/100K
B
Education
3.2 / 5.0
27.5% bachelor's degree or higher
Housing Overview
Median Home Value
$412,200
46% above
US avg: $281,900
Median Rent
$2,015/mo
73% above
US avg: $1,163/mo
Homeownership Rate
89.2%
36% above US avg (65.4%)
Total Housing Units
4,240
Median year built: 1972
Home Value by Source
Census Median
$412,200
Zillow (ZHVI)
$557,022
Median Sale Price
$585,000
Median List Price
$669,983
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.2%
Owner-Occupied
10.8%
Renter-Occupied
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:
$2,015/mo
Market Indicators (Redfin)
Median Days on Market
87 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
26.7%
of listings with price reduction
Price Per Sq Ft
$374
Active Inventory
30
homes for sale
Affordability & Housing Stock
Rent Burden
39.1%
of renters spending 30%+ of income on housing
26% above US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
89.2%
Complete Housing Data
Home Values
| Census Median Value | $412,200 |
| Zillow Home Value (ZHVI) | $557,022 |
| Median Sale Price | $585,000 |
| Median List Price | $669,983 |
| Price Per Sq Ft | $374 |
Rent
| Census Median Rent | $2,015 |
| 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 Market | 87 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 26.7% |
| Homes Sold | 6 |
| Active Inventory | 30 |
| Price Per Sq Ft | $374 |
Ownership & Stock
| Owner-Occupied | 89.2% |
| Renter-Occupied | 10.8% |
| Homeownership Rate | 89.2% |
| Total Housing Units | 4,240 |
| Median Year Built | 1972 |
| Rent Burden | 39.1% |