Bay Harbor Islands, FL Real Estate
According to census data in the year 2000 there were 3,103 housing units in Bay Harbor Islands.
This represents a 2.4% decline from 3,179 in 1990.
Of those housing units, 3,103 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Bay Harbor Islands is about 52.7%.
Bay Harbor Islands's vacancy rate, including seasonal lodging, is about 15.8%.
Average household size is 1.97 people.
The majority of houses, apartments or condos in Bay Harbor Islands were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6% |
| One Bedroom | 44.20% |
| Two Bedrooms | 38.80% |
| Three Bedrooms | 5.10% |
| Four Bedrooms | 4.80% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $383,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $833 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 59.90% |
| Debt Free | 25.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 26.7% |
