Home prices
The price of the median home in Palmetto Estates is $236,000. This is roughly $63,760 (21%) lower compared to the surrounding areas.It is roughly $18,500 (8%) higher compared to the nation as a whole, and compared to the city of Miami it is approximately $81,700 (25%) lower.
Rents
The median rent in Palmetto Estates is $1,519 per month. Compared to its nearby areas this is roughly $121 (8%) higher.In comparison to the entire nation it is about $457 (43%) higher, and it is approximately $336 (28%) higher compared to the city of Miami.
Nearby places
West Perrine
West Perrine is Palmetto Estates's neighbor to the south. Real estate prices there are somewhat less expensive. The median home value in West Perrine is $205,100, which comes out to $30,900 (15%) lower than Palmetto Estates. Its rents are substantially less expensive. In West Perrine the median rent is $1,071 a month, which works out to $448 (41%) lower than Palmetto Estates.
Richmond Heights
Richmond Heights is Palmetto Estates's neighbor to the northwest. Its housing prices are somewhat less expensive. Richmond Heights's median home cost is $211,000, which is $25,000 (11%) lower than Palmetto Estates. Rents there are pretty similar. In Richmond Heights the median rent is $1,478 a month, which works out to $41 (2%) lower than Palmetto Estates.
Palmetto Bay
Palmetto Bay is Palmetto Estates's neighbor to the east. Its housing prices are significantly more expensive. Palmetto Bay's median home cost is $562,300, which works out to $326,300 (58%) higher than Palmetto Estates. Rents there are a bit less expensive. The median monthly rent in Palmetto Bay is $1,426, which is $93 (6%) lower than Palmetto Estates.
Three Lakes
Three Lakes is Palmetto Estates's neighbor to the northwest. The housing prices there are a bit more expensive. Three Lakes's median home price is $294,100, which works out to $58,100 (19%) higher than Palmetto Estates. Rent there is a bit more expensive. In Three Lakes the median rent is $1,836 per month, which is $317 (17%) higher than Palmetto Estates.
South Miami Heights
South Miami Heights is Palmetto Estates's neighbor to the southwest. The real estate prices there are pretty similar. The median home value in South Miami Heights is $226,300, which is $9,700 (4%) lower than Palmetto Estates. Rent there is somewhat less expensive. In South Miami Heights the median rent is $1,179 per month, which is $340 (28%) lower than Palmetto Estates.
