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Bay Harbor Islands

Learn about the people, housing, costs and businesses in Bay Harbor Islands, Florida

Median Home$654,700
Median Rent$2,442/month
Population5,804
Leading IndustriesEducation · Finance & Insurance · Transportation5% education
Home Value Growth⬆⬆⬆+41.8% over 2 years
Family-Friendly31% of residentstop 3% nationally
Renters51% of occupied units
NotableHighly Educated29% bachelor's · 20% graduate · top 10% nationally
NotableAmenity Score69/100 · highly walkable area
Bay Harbor Islands
FL

Explore Bay Harbor Islands

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Bay Harbor Islands?

As of today, the 30-year fixed mortgage rate for Bay Harbor Islands is approximately 6.854% (6.889% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bay Harbor Islands?

The median home value in Bay Harbor Islands is $655k. The median monthly rent is $2,442. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bay Harbor Islands?

Home values in Bay Harbor Islands have increased 41.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bay Harbor Islands?

Based on a typical all-in ownership cost of $2,618/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $112k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bay Harbor Islands is $89k/year.

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What industries drive the economy in Bay Harbor Islands?

The largest employment sectors in Bay Harbor Islands are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.