HomeFloridaMiami-Dade CountyPalmetto Bay village
Palmetto Bay village, Florida: commercial real estate data.
Palmetto Bay village is a Census village of 24,639 people across 8.28 square miles of land, in Miami-Dade County. Median household income is $142,447, 78.2 percent of occupied homes are owned, and the SBA record carries 32 7(a) approvals to borrowers here worth $15.4 m.
82 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Palmetto Bay
What Palmetto Bay is
- Census place typevillage
- Land area8.28 sq mi
- Water area0.16 sq mi
- Population per square mile of land2,974
- County holding the largest share of its areaMiami-Dade County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto Bay
How many people live in Palmetto Bay
- Population24,639
- Median age41.0
- Population under 185,984
- Share under 1824.3 percent
- Population 65 and over3,808
- Share 65 and over15.5 percent
- Households8,150
- Family households6,356
- Share of households that are families78.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto Bay
Income and work in Palmetto Bay
- Median household income$142,447
- Per capita income$70,313
- Civilian labor force12,931
- Employed12,584
- Unemployed347 plus or minus 159
- Unemployment rate2.7 percent plus or minus 1.2
- Adults 25 and over17,131
- Adults 25 and over with a high school diploma or higher92.9 percent
- Adults 25 and over with a bachelor degree or higher60.1 percent
- Adults 25 and over with a graduate degree27.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto Bay
Housing in Palmetto Bay
- Housing units8,681
- Occupied units8,150
- Vacant units531 plus or minus 201
- Vacancy rate6.1 percent plus or minus 2.3
- Owner occupied6,376
- Renter occupied1,774
- Ownership rate78.2 percent
- Median owner-occupied home value$879,700
- Median gross rent, monthly$2,101
- Annual rent as a share of median income17.7 percent
- Single family units7,257
- Share single family83.6 percent
- Units in buildings of two or more1,424 plus or minus 356
- Share in buildings of two or more16.4 percent plus or minus 4.0
- Mobile homes0
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto Bay
How Palmetto Bay gets to work
- Workers 16 and over who commute9,729
- Commuting under 15 minutes1,107 plus or minus 258
- Share commuting under 15 minutes11.4 percent plus or minus 2.6
- Commuting 30 minutes or more5,765
- Share commuting 30 minutes or more59.3 percent
- Drove alone60.3 percent
- Carpooled11.2 percent plus or minus 2.5
- Public transport2.6 percent plus or minus 0.9
- Walked1.1 percent plus or minus 0.6
- Worked from home21.2 percent plus or minus 4.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto Bay
SBA loans in Palmetto Bay (7(a))
- Approvals32
- Gross approval$15,392,800
- Average approval$481,025
- Median approval$150,000
- Ninetieth percentile approval$1,100,000
- Largest approval$5,000,000
- Jobs supported300
- Jobs per approval9.4
- Loans with a final outcome11
- Paid in full11
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more6.3 percent
- Share to franchises0.0 percent
- Distinct lenders14
- Distinct industries by NAICS26
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palmetto Bay
SBA loans in Palmetto Bay (504)
- Approvals9
- Gross approval$11,187,000
- Average approval$1,243,000
- Median approval$620,000
- Largest approval$4,535,000
- Jobs supported55
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Palmetto Bay
Flood risk in Palmetto Bay
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 5
- NFIP community number120687
- Currently effective map date09/11/09
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Miami-Dade County, not Palmetto Bay
Miami-Dade County context, not Palmetto Bay figures
These are Miami-Dade County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Palmetto Bay measurements.
- Establishments in Miami-Dade County98,394
- Employment at those establishments, Miami-Dade County1,055,440
- Covered employment, Miami-Dade County1,257,569
- Average annual pay, Miami-Dade County$77,609
- Average weekly wage, Miami-Dade County$1,492
- Housing units permitted, Miami-Dade County10,608
- Of those, single family, Miami-Dade County2,231
- County product, 2024, Miami-Dade County$260,837,199,000
- County product change over the prior year, Miami-Dade County6.6 percent
- Average income of an arriving household, Miami-Dade County$175,619
Every figure in this section is published for Miami-Dade County as a whole and is not a measurement of Palmetto Bay. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Palmetto Bay questions, answered from the record.
How many people live in Palmetto Bay, Florida?
24,639, in 8,150 households. Palmetto Bay village covers 8.28 square miles of land, which is 2,974 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Palmetto Bay in?
Miami-Dade County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Palmetto Bay?
$142,447. The median owner-occupied home is valued at $879,700. Median gross rent is $2,101 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Palmetto Bay businesses?
32 7(a) approvals totalling $15.4 m, across 14 lenders, median approval $150,000, plus 9 504 approvals worth $11.2 m. These count approvals to borrowers whose address is in Palmetto Bay, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Palmetto Bay borrowers get paid back?
Of the 11 loans that have reached a final outcome, 11 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Palmetto Bay in the National Flood Insurance Program?
Yes. Palmetto Bay appears in the FEMA Community Status Book as community 120687, carrying Community Rating System class 5, which is a premium discount for exceeding the programme minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Palmetto Bay figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Miami-Dade County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Palmetto Bay.
Is zoning published for Palmetto Bay?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.