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Bal Harbour Housing Information

IndexBal HarbourFloridaNational
Median home price$641,900$166,800$184,700
Median rent asked$1,727$1,032$949
Avg. people per household1.92.62.6
Owner occupied households61.6%64.8%63.6%
Renter occupied households38.4%35.2%36.4%
Above is a snapshot look at the real estate market in Bal Harbour, FL. In Bal Harbour, FL, the median house price is $641,900, making the price 285% higher than that the average for Florida. Therefore, the affordability of Bal Harbour, FL area real estate is less affordable than the real estate in other areas of Florida. In addition, Bal Harbour, FL has a median rent price of $1,727; this price is 67% higher than that the average rental price for Florida. 61.6% of residents in Bal Harbour, FL are homeowners, and the average amount of people who reside in each home is 1.9. Bal Harbour, FL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Bal Harbour, FL real estate for sale.

Bal Harbour Home Affordability

When looking for real estate in Bal Harbour, FL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Bal Harbour, FL, the median price of a home is $641,900 and $49,869 is the median household income. This means that the home price to income ratio is 12.9x, a ratio that is 277% higher than the average in Florida. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Bal Harbour, FL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Bal Harbour, FL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Fisher Island, FL235$0100%
Medley, FL898$33,10082%
Pembroke Park, FL6,259$68,60063%
Gladeview, FL12,899$89,80051%
Opa-locka, FL16,245$98,90046%
Bal Harbour, FL2,917$641,900248%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Walsenburg, CO2,917$91,20051%
Drum Point, MD2,917$270,10046%
The Plains, OH2,918$111,30040%
Thermopolis, WY2,918$137,30026%
Cache, OK2,918$122,70034%
Bal Harbour, FL2,917$641,900248%

Source: The Bal Harbour, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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