Cutler Bay, Florida.
Typical home $563,335 (+0.6% in a year), asking rent $2,982 (+2.8%). Miami-Fort Lauderdale-Pompano Beach, FL metro.
to buy the typical home at today's mortgage rate — +$1,788 (+153%) since Jan 2020.
- 1 year
- Up $3,193 +1%
- $560,142$563,335 since Sep 2025
- 5 years
- Up $156,913 +39%
- $406,422$563,335 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Cutler Bay$2,957
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Cutler Bay, FL rose 0.6% over the past year — slower than the nation's +1.2%.
Asking rents in Cutler Bay, FL rose 2.8% over the past year — in step with the nation.
Owning the typical home in Cutler Bay runs $957/mo more than renting one. The gap peaked at $1,211 in Jan 2025.
That is $3,940 a month against $2,982 rent: a $2,957 mortgage payment, plus $380 property tax and $603 insurance & upkeep.
Owning vs renting — Cutler Bay
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,940
- Renting$2,982
- Mortgage only$2,957
Property tax · $380/mo 0.81% of value a year — the ACS 2020-2024 median bill over the median home value for Miami-Dade County, FL
Insurance & upkeep · $603/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Cutler Bay, Miami-Dade County, Florida
Cutler Bay is a town of 45,425 people in Miami-Dade County. Half its households earn more than $89,244 a year and half less, against $71,753 across Miami-Dade County; 10% of its people live below the poverty line. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Cutler Bay was 2.6% in August 2026, and Miami-Dade County had 1.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Cutler Bay is a town in the southern part of Miami-Dade County, close to Biscayne Bay. Most homes are lived in by their owners, and household incomes run above the county's. Winters are mild, with the coldest days in January still pleasantly warm, while August brings hot days, and little or no snow ever falls. Rain is plentiful through the year.
Work. Residents work mostly in schools, hospitals and social care, with many others in professional and business services, shops and the building trades. Some of the largest workplaces in town are SantaFe HealthCare, a continuing care retirement community, and several Publix supermarkets. Commutes are on the long side, and a fair number of people work from home.
Things to do. Biscayne Bay is a short drive away and is the nearest stretch of open water. Zoo Miami is also a short drive off, and Homestead-Miami Speedway, a race track, is close by too. For a bigger outing, Biscayne National Park and Everglades National Park are both a longer drive away.
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- 14,469households
- 34%of adults have a degree
- 10%below the poverty line
- 38 mintypical commute
- 16%work from home
What residents work in
Employed residents by industry, from the Census survey. Miami-Dade County had 1,276,535 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 76° and lows near 55°; warmest in August, with highs near 90° and lows near 73°. About 66 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Perrine 4W weather station, 6 miles away (NOAA).
Largest employers in Cutler Bay
- Publix Supermarkets464
- East Ridge Retirement Village313
- Alorica301
- Mercedes Benz of Cutler Bay260
- Health South Rehabilitation187
- Raising Cane Restaurant150
- Macy's136
- Olive Garden113
From the Town of Cutler Bay’s annual financial report for 2025, its schedule of principal employers (its source: “Town of Cutler Bay local business tax registrations”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- Hurricanesrelatively high in parts of Cutler BayRelatively moderate
- Heat wavesRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Cutler Bay’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Miami-Dade County and the Miami-Fort Lauderdale-Pompano Beach, FL metro.
Cutler Bay home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cutler Bay$563,335
- Florida$375,361
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Cutler Bay listings, and the typical home goes pending in 55 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Cutler Bay22.89%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Cutler Bay55
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cutler Bay271
New listings per month
Sellers arriving at the market.
- Cutler Bay55
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Cutler Bay$546,849
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Cutler Bay98.01%
Zip codes with a Cutler Bay address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cutler Bay — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Cutler Bay
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 33189 | Miami | 26,128 | $2,802 | $549,924 |
| 33190 | Miami | 18,287 | $2,928 | $436,893 |