Similar to nearby areas, it's a bit more expensive compared to the rest of the nation. However it's a bit less expensive compared to the city of Miami.
Home prices
The median home in Cutler Bay costs $287,000. Compared to the surrounding areas it is about $11,060 (3%) lower.In comparison to the nation as a whole it is about $69,500 (31%) higher, and compared to the city of Miami it is roughly $30,700 (9%) lower.
Rents
The median rent in Cutler Bay is $1,556 per month. Compared to nearby areas this is approximately $338 (27%) higher.It is about $494 (46%) higher in comparison to the US as a whole, and it is about $373 (31%) higher in comparison to the city of Miami.
Nearby places
West Perrine
West Perrine is Cutler Bay's neighbor to the northwest. Its housing prices are a lot less expensive. The median home in West Perrine is valued at $205,100, which works out to $81,900 (39%) lower than Cutler Bay. The rent there is a lot less expensive. The median rent in West Perrine is $1,071 per month, which is $485 (45%) lower than Cutler Bay.
South Miami Heights
South Miami Heights is Cutler Bay's neighbor to the west. The real estate prices there are a little less expensive. The median home in South Miami Heights costs $226,300, which works out to $60,700 (26%) lower than Cutler Bay. Rents there are somewhat less expensive. In South Miami Heights the median rent is $1,179 a month, which comes out to $377 (31%) lower than Cutler Bay.
Goulds
Goulds is Cutler Bay's neighbor to the west. Housing prices there are somewhat less expensive. Goulds's median home price is $260,600, which works out to $26,400 (10%) lower than Cutler Bay. The rent there is a lot less expensive. The median rent in Goulds is $895 per month, which is $661 (73%) lower than Cutler Bay.
Palmetto Bay
Palmetto Bay is Cutler Bay's neighbor to the north. Its real estate prices are a lot more expensive. Palmetto Bay's median home cost is $562,300, which comes out to $275,300 (48%) higher than Cutler Bay. Rent there is a little less expensive. In Palmetto Bay the median rent is $1,426 per month, which comes out to $130 (9%) lower than Cutler Bay.
Palmetto Estates
Palmetto Estates is roughly 3 miles northwest from Cutler Bay. Housing prices there are somewhat less expensive. The median home in Palmetto Estates costs $236,000, which works out to $51,000 (21%) lower than Cutler Bay. Rent there is pretty similar. In Palmetto Estates the median monthly rent is $1,519, which is $37 (2%) lower than Cutler Bay.
