Cutler Bay, FL

This town of 44,601 residents needs 541 more housing units over the next five years. Cutler Bay is part of the Miami-Dade TPO.

Housing snapshot

Population
44,601 (2026)
Households
14,340
Median household income
$94,216 (2026)
Typical home value
$550,268
Owner-occupied
67%
Five-year housing need
541 units

Comparison to other Florida municipalities

Cutler Bay: $94,216 Median income (2026 estimate)
<$22K >$160K
Cutler Bay: 0.47 jobs to household ratio
<0.06 >3.04
Cutler Bay: Permits since 2021 represent 0.5% of housing
<0% >25.1%
On this page

How affordable is this community?

The typical home in Cutler Bay, FL is valued at $550,268, well above the Florida average of $334,647. Cutler Bay, FL's median household income of $94,216 falls well short of what is needed to afford the typical home, leaving a gap of about $67,930.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Cutler Bay, FL has a population of roughly 45,070, growing modestly at 0.6% per year.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 14,340 households, Cutler Bay, FL is growing modestly at 0.6% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Cutler Bay, FL, detached single-family accounts for 66% of the housing stock. Homeownership is the norm in Cutler Bay, FL, with 67% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Cutler Bay, FL needs 541 new units over the next 5 years.

30
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
0.2%
Projected household growth rate
Expected increase in total households from 14,340 in 2026 to 14,370 in 2031.
511
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
119
Replacement housing
Effective annual loss rate is 1.6 per 1,000 units.
51
Ownership vacancy adjustment
Owner-occupied vacancy is 1.0%. This is below the minimum stable target of 1.5%.
145
Rental vacancy adjustment
Rental vacancy is 4.5%. This is below the minimum stable target of 7.4%.
196
Overcrowding adjustment
Overcrowding rate is 4.8%. This is above National avg. of 3.4%.
541
Total 5-year housing production need (2026-2031)
108
Annual production pace
Average units needed per year to meet 5-year need
3.6%
Total housing unit growth
Percent increase in housing stock over 5 years
0.7%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?