Median Age
44 Years
Largest Age Group
55-64 Years
Approximately 15% of Residents
Under 20
24%
Over 65
20%
Palmetto Bay, FL
Area Guide
Avg Rent
$2,250
Population
23,179
Renter Mix
22% Rent
Your slice of paradise
Ocean
•
Beach
•
Seaside
Palmetto Bay sits along the southern stretch of Miami-Dade County, where quiet residential streets and a small-town feel exist just minutes from one of Florida's busiest metros. Incorporated in 2002, it's one of the newer municipalities in the county, earning a reputation as a well-planned community with a strong sense of local identity. The area draws on its proximity to Coral Gables, Coconut Grove, and the broader Brickell corridor, making it easy to access major employment hubs, healthcare institutions, and cultural destinations without giving up a calmer pace of day-to-day living.
Housing here leans heavily toward single-family homes and townhomes, with tree-lined lots and low-rise construction defining the streetscape. Apartment communities tend to be smaller-scale, reflecting the neighborhood's residential character rather than the high-rise density found closer to downtown Miami. Whether you prefer a standalone home with yard space or a more compact rental, the options here feel grounded and livable.
Palmetto Bay falls within the Miami-Dade County Public Schools district and sits near Florida International University and the University of Miami, giving the area strong educational anchors. The village hosts its own community events calendar, and the surrounding landscape, shaped by South Florida's natural wetlands and warm-weather climate, gives everyday life an outdoor quality that sets it apart from the urban core.
Explore the City
Dogs can enjoy swimming in the lake at Perrine Wayside Dog Park in Palmetto Bay.
Overview of the Deering Estate Museum in Palmetto Bay.
The Deering Estate at Cutler is a museum and historical site in the Palmetto Bay neighborhood.
Coral Reef Park offers residents and visitors of Palmetto Bay several amenities to enjoy.
Deering Point Park is a great place to fish and spend a great day with family and friends.
The Falls has fantastic shops and restaurants to check out while living in Palmetto Bay, FL.
Demographics
Median Household Income
$124,051
Average: $155,553
Education
10,247
Residents Have a Degree
Job Market
12,570
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Palmetto Bay has more homeowners than renters.
Renters
22%
Non-Renters
78%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
40%
Other Education
60%
Rent Trends
As of June 2026, the average apartment rent in Palmetto Bay, FL is $2,120 for a studio, $2,254 for one bedroom, $2,950 for two bedrooms, and $3,673 for three bedrooms. Apartment rent in Palmetto Bay has decreased by -1.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$2,254/month
739 Sq Ft
House
$8,143/month
2,428 Sq Ft
Condo
$2,664/month
940 Sq Ft
Townhome
$3,474/month
1,308 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Palmetto Bay, FL is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Minimal Public Transit
Transit
10
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Dr. Henry E. Perrine Academy Of The Arts
Public
Grades K-5
490 Students
Public
Grades PK-5
665 Students
Public
Grades 6-8
1,062 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Deering Estate
- Bill Sadowski Park
- Montgomery Botanical Center
- Zoo Miami
- Fairchild Tropical Botanic Garden
Commuter Rail
Airports
- Miami International
- Fort Lauderdale/Hollywood International
Top Apartments in Palmetto Bay
Houses for Rent in Palmetto Bay
Living in Palmetto Bay
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.