Population and steets in Palmetto Bay, Florida. Palmetto Bay, Florida is a family-oriented city located in Miami-Dade County. It offers a diverse range of housing options and is a popular place to raise a family. The city has excellent schools and seven parks with recreational facilities. The south end of Palmetto Bay offers a mix of retail, service, and dining options. There is also a new downtown area.
The median property value in Palmetto Bay, FL is $562,300, which is 2.34 times higher than the national average of $240,500. Compared to the national average, Palmetto Bay's median property value increased by 6.66%. The city has a very high homeownership rate, at 80.7%. Its rate is higher than the national average of 64.1%. Residents commute by car, and drive an average of 34.6 minutes each way. The median car ownership in Palmetto Bay, FL is two cars per household, which is the same as the national average.
The city and the school board have signed an Interlocal Agreement for collaborative planning and decision-making. During the planning process for any development, the Village will take into consideration the impact of residential density on the school system. This will expedite the approval process for proposed schools. By partnering with the School Board, Palmetto Bay is committed to providing quality public schools and a quality educational experience for all residents.