House Prices

Palm Grove Miami, FL House Prices & Home Values 2026


Average Data

average house price$970,641
average size per house1741 ft²
average price per ft²508 $ / ft²

04/15/2026 - The value range (VR) for house prices in Palm Grove Miami, FL is $356/ sqft to $743/ sqft. An average home with 1741 sqft costs approximately $564,635 to $1,178,436. Miami, FL includes 2 ZIP codes and it is located in Miami Dade county. The lowest prices are found in ZIP 33138, while the highest are in ZIP 33137. The average price per sqare feet is $508. Our analysis is based on 30 property listings.

Avergage prices by ZIP codes Palm Grove Miami

33137743 $ / ft²
33138356 $ / ft²




Historical development of home values in Palm Grove Miami

Year Estimated value (USD) Change vs. 2025
2010 $450,783 -53.6%
2011 $433,351 -55.4%
2012 $432,185 -55.5%
2013 $448,339 -53.8%
2014 $470,632 -51.5%
2015 $494,786 -49.0%
2016 $520,608 -46.4%
2017 $548,707 -43.5%
2018 $579,043 -40.3%
2019 $605,892 -37.6%
2020 $637,214 -34.4%
2021 $724,762 -25.3%
2022 $844,910 -13.0%
2023 $890,996 -8.2%
2024 $942,542 -2.9%
2025 $970,641 0.0%

Graph: estimated home values in Palm Grove Miami over time (USD)



Example: 100% financing house in Palm Grove Miami

Loan amount: $970,641

Interest rate: 5.47%

Fixed monthly payment: $5,490.50

Breakdown in the 1st month:
Interest portion: $4,421.27  –  Principal portion: $1,069.24

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $52,728.86 $13,157.20 $957,483.80
2 $51,991.40 $13,894.66 $943,589.14
3 $51,212.60 $14,673.46 $928,915.68
4 $50,390.14 $15,495.92 $913,419.76
5 $49,521.59 $16,364.47 $897,055.29
6 $48,604.36 $17,281.70 $879,773.59
7 $47,635.71 $18,250.35 $861,523.24
8 $46,612.77 $19,273.29 $842,249.95
9 $45,532.50 $20,353.56 $821,896.39
10 $44,391.67 $21,494.39 $800,402.00
11 $43,186.90 $22,699.16 $777,702.84
12 $41,914.61 $23,971.45 $753,731.39
13 $40,571.00 $25,315.06 $728,416.33
14 $39,152.08 $26,733.98 $701,682.35
15 $37,653.63 $28,232.43 $673,449.92
16 $36,071.19 $29,814.87 $643,635.05
17 $34,400.06 $31,486.00 $612,149.05
18 $32,635.25 $33,250.81 $578,898.24
19 $30,771.53 $35,114.53 $543,783.72
20 $28,803.35 $37,082.71 $506,701.01
21 $26,724.85 $39,161.21 $467,539.80
22 $24,529.85 $41,356.21 $426,183.59
23 $22,211.82 $43,674.24 $382,509.35
24 $19,763.86 $46,122.20 $336,387.16
25 $17,178.70 $48,707.36 $287,679.79
26 $14,448.63 $51,437.43 $236,242.37
27 $11,565.54 $54,320.52 $181,921.85
28 $8,520.86 $57,365.20 $124,556.65
29 $5,305.52 $60,580.54 $63,976.10
30 $1,909.95 $63,976.10 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Palm Grove Miami, FL


1500 sqft3900 sqft
Ø selling price$839,961$1,786,825
Ø fast selling$763,601$1,608,143
Ø high price sale$916,321$1,965,507

In 2026, houses in Palm Grove Miami, FL will be offered at an average price of $508 per square foot. A 1,500 sqft home priced at $839,961 is 20.95% more expensive per square foot than a 3,900 sqft home priced at $1,786,825. Home prices in Palm Grove Miami, FL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,237,033. Sellers who can wait longer may achieve a higher price of up to $1,511,929.


Living in Palm Grove, Miami, FL


Location & Lifestyle

The Palm Grove neighborhood is a charming residential enclave in Miami?s Upper Eastside, steps from the MiMo Biscayne Boulevard Historic District.

This Palm Grove Miami area offers a walkable, tree-lined setting with a relaxed vibe close to Biscayne Bay.

Architecture & Character

Palm Grove is known for a mix of historic bungalows, Mediterranean Revival cottages, and mid-century residences that showcase Miami?s architectural heritage.

Many homes feature lush landscaping, original details, and thoughtful renovations that balance character with modern comfort.

Dining, Arts & Parks

Residents enjoy easy access to the MiMo corridor?s eclectic restaurants, cafes, and boutique shops along Biscayne Boulevard.

Nearby arts hubs and creative studios in Little River and the Design District add cultural energy to everyday life.

Outdoor lovers appreciate proximity to waterfront green spaces like Legion Park for weekend markets, fitness, and bay breezes.

Connectivity & Real Estate

Commuting is straightforward with quick connections to I?95, Downtown Miami, Wynwood, Miami Beach, and major employment centers.

Real estate in Palm Grove ranges from starter homes to larger lots, attracting buyers seeking value in a central Miami location.

With its blend of history, convenience, and neighborhood charm, Palm Grove stands out as a desirable place to live in Miami, Florida.



FAQ – Home Values in Palm Grove Miami

What is the median home value in Palm Grove Miami in 2026?

In 2026, the typical home value in Palm Grove Miami is about $970,641 for an average home size of 1741 square feet. This corresponds to an average price of roughly $508 per square foot.

What is the average cost per square foot in Palm Grove Miami?

In 2026, homes in Palm Grove Miami sell for an average of around $508 per square foot, with a typical range between $356 and $743 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Palm Grove?

The average home size in Palm Grove Miami is about 1741 square feet, with an estimated 2026 value around $970,641.



Neighborhoods close to Palm Grove Miami, FL

Biscayne Key Estates Key Biscayne, FL910 $ / ft²
The Hammocks Miami, FL196 $ / ft²
Woodmont Fort Lauderdale, FL189 $ / ft²
West Little Havana Miami, FL265 $ / ft²
Gifford Vero Beach, FL181 $ / ft²
Lockmar Estates Palm Bay, FL139 $ / ft²
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