Is Palmetto Bay, FL a good place to invest in rental property?

Palmetto Bay, FL has a median modeled monthly cash flow of $-3,818 and a median cap rate of 2.7%, on a median sold price of $1,025,000. Prices changed +9.3% year over year.

What is the average cap rate in Palmetto Bay, FL?

The median cap rate across recently sold homes in Palmetto Bay, FL is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palmetto Bay, FL?

The median sold price in Palmetto Bay, FL is $1,025,000 (about $492 per square foot).

Investing in Palmetto Bay, FL Real Estate

A data-driven snapshot of the Palmetto Bay, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,025,000Median sold price

$492Median $/sqft

2.7%Median cap rate

$-3,818Modeled cash flow / mo

+9.3%Appreciation YoY

68.8Months of supply

258Active listings

45Sold (last 12 mo)

What the Palmetto Bay numbers say

In Palmetto Bay, FL, the median home sold for $1,025,000 (about $492 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-3,818 of monthly cash flow. Sold prices moved +9.3% over the past year. Inventory sits at about 68.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Florida markets to compare

See Palmetto Bay cash-flowing listings

CashFlowRE ranks every for-sale home in Palmetto Bay, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Palmetto Bay deals, or browse the national market data.