Hialeah, Florida

Miami-Dade County Real Estate - Hialeah

Hialeah

Hialeah is the sixth largest city in Florida in terms of population and is located in Miami Dade County. In terms of population, Hialeah is the densest American city not to feature a skyscraper. 95% of Hialeah's population is Hispanic. The second largest Spanish television network, Telemundo, is headquartered in Hialeah. Top employers for Hialeah County are Hialeah Hospital, Palmetto General Hospital, Best Buy, Starbucks, and CVS Pharmacy.

Hialeah is in South East Florida. It's population as recorded in the 2010 Census was 224,669.

The median age for residents of Hialeah is 42.2. Around 38.3% of Hialeah households include school aged children and 41.6% of households include individuals aged 65 years or over. Census records indicate 92.6% of the Hialeah population are White, 2.6% are Black or African American, .1% American Indian, .3% Asian and 1.5% are Two or more Races. Hialeah has a significant Hispanic population. 94.7% (212,805) of Hialeah residents are of Hispanic or Latino origin. Of these .85% are of Mexican origin, 2.36% Puerto Rican, 77.4% Cuban and 19.37% are of other Hispanic or Latino origin.

There are 74,067 housing units in Hialeah. 2,862 (3.8%) of these were reported as vacant in the 2010 Census. There are 36,569 residential rental units in Hialeah. 35,190 of them were occupied in 2010 providing a residential rental vacancy rate of 3.6%.

Hialeah links:

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Hialeah is located in Miami-Dade County. It has a population of approximately 224,669 people. The population increased 3.2% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 3.8% for Miami-Dade County and a 1.7% increase for the country as a whole. Hialeah occupies 21.45 of the 1897.72 square miles in Miami-Dade County. It had a population density of 10474.1 persons per square mile in 2010. This compared to 1315.5 for the county, 350.6 for Florida and 87.4 for the country.

7.5% ( 74,067) of the 990,558 housing units in Miami-Dade County are in Hialeah (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Hialeah has a 51.9% homeownership rate compared to Miami-Dade County's 57.6% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Miami-Dade County 2,496,435 $110,643 3.8% $43,957 990,558 $246,800
Hialeah 224,669 $5,0373.2%$31,096 74,067$197,800

Hialeah's medium household income in 2011 was $31,096. Miami-Dade County's medium household income was $43,957, which is lower than the medium income for Florida as a whole: $47,827. 21.6% of the population in Hialeah lives below the poverty line, compared to 14.7% in Florida, 17.9% of the population in Miami-Dade County and 14.3% nationwide. Additional Information:

Hialeah Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Hialeah. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $5,037 million, Hialeah's economic activity represents 4.55% of Miami-Dade County's $110,643MM in economic activity. Miami-Dade County represents 17.54% of the Florida economy.

Hialeah Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $917 18.2%
Merchant wholesaler sales $1,438 28.6%
Retail sales $2,450 48.6%
Accommodation and food services sales $232 4.6%
Total $5,037100%

Miami-Dade County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Hialeah 224,669 $5,0373.2%$31,096 74,067$197,800
Homestead 60,512 $7344.4%$38,724 23,419$169,600
Key Biscayne 12,344 $3923.4%$114,250 7,072$822,700
Miami 399,457 $19,2283.6%$30,270 183,994$257,500
Miami Beach 87,779 $2,8573.2%$42,411 67,499$349,400
North Miami Beach 41,523 $9703.5%$41,489 16,402$206,200
Opa locka 15,219 $1,0493.2%$22,214 5,966$145,000

Miami-Dade County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Miami-Dade County represents 46.6% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Indian River County 138,028 $2,455 1.8% $46,363 76,251 $179,300
St. Lucie County 277,789 $5,576 2.2% $44,947 137,581 $157,600
Martin County 146,318 $4,347 1.7% $53,612 78,356 $238,200
Palm Beach County 1,320,134 $38,668 2.8% $52,951 668,159 $236,600
Broward County 1,748,066 $73,668 3.8% $51,782 810,795 $225,300
Miami-Dade County 2,496,435 $110,643 3.8% $43,957 990,558 $246,800
Monroe County 73,090 $2,136 2.4% $53,889 52,552 $463,100
Total 6,410,776 $237,494 2.6% $49,643 2,814,252 $249,557

Hialeah Real Estate

There are 91,837 properties in Hialeah. The following table shows a summary of them based on 2014 sales data.

Hialeah Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 43 0.05 1 $1,725,000 $271August 1st, 2014August 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 212 0.23 0n/an/an/an/a
Health Care 30 0.03 0n/an/an/an/a
Hotel & Motel 29 0.03 1 $13,500,000 $97June 1st, 2014June 1st, 2014
Industrial 3,428 3.73 162 $318,000 $71January 1st, 2014September 1st, 2014
Miscellaneous Property 29 0.03 0n/an/an/an/a
Mobile/Manufactured 5 0.01 0n/an/an/an/a
Multifamily 2,847 3.10 59 $265,000 $116January 1st, 2014September 1st, 2014
Office 1,193 1.30 97 $1,980,000 $2,586January 1st, 2014September 1st, 2014
Residential 82,482 89.81 3,426 $130,100 $109January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 1,301 1.42 31 $835,000 $179January 1st, 2014September 1st, 2014
Senior Housing 37 0.04 1 $465,000 $195June 1st, 2014June 1st, 2014
Special Purpose 180 0.20 2 $1,884,850 $209February 1st, 2014March 1st, 2014
Sports & Entertaining 21 0.02 0n/an/an/an/a

Agricultural Real Estate in Hialeah, Florida

43( .05%) of the properties in Hialeah are classified as Agricultural. 1 of them sold between August 1st, 2014 and August 1st, 2014. The total value of these sales was $1,725,000. The median sales price was $1,725,000. In 2014 the median sales price for Agricultural in Hialeah was $271 per sq ft.

Commercial Real Estate in Hialeah, Florida

0( .00%) of the properties in Hialeah are classified as Commercial.

Government Real Estate in Hialeah, Florida

212( .23%) of the properties in Hialeah are classified as Government.

Health Care Real Estate in Hialeah, Florida

30( .03%) of the properties in Hialeah are classified as Health Care.

Hotel & Motel Real Estate in Hialeah, Florida

29( .03%) of the properties in Hialeah are classified as Hotel & Motel. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $13,500,000. The median sales price was $13,500,000. In 2014 the median sales price for Hotel & Motel in Hialeah was $97 per sq ft.

Industrial Real Estate in Hialeah, Florida

3,428( 3.73%) of the properties in Hialeah are classified as Industrial. 162 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $138,163,142. The median sales price was $318,000. In 2014 the median sales price for A Class Industrial in Hialeah was $325 per sq ft, B Class properties sold for $71/ft and C Class $37/ft.

Miscellaneous Real Estate in Hialeah, Florida

29( .03%) of the properties in Hialeah are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Hialeah, Florida

5( .01%) of the properties in Hialeah are classified as Mobile/Manufactured.

Multifamily Real Estate in Hialeah, Florida

2,847( 3.10%) of the properties in Hialeah are classified as Multifamily. 59 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $33,387,888. The median sales price was $265,000. In 2014 the median sales price for A Class Multifamily in Hialeah was $163 per sq ft, B Class properties sold for $116/ft and C Class $64/ft.

Office Real Estate in Hialeah, Florida

1,193( 1.30%) of the properties in Hialeah are classified as Office. 97 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $336,915,635. The median sales price was $1,980,000. In 2014 the median sales price for A Class Office in Hialeah was $6,717 per sq ft, B Class properties sold for $2,586/ft and C Class $89/ft.

Residential Real Estate in Hialeah, Florida

82,482( 89.81%) of the properties in Hialeah are classified as Residential. 3,426 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $1,094,407,138. The median sales price was $130,100. In 2014 the median sales price for A Class Residential in Hialeah was $159 per sq ft, B Class properties sold for $109/ft and C Class $65/ft.

Residential Real Estate in Hialeah, Florida

0( .00%) of the properties in Hialeah are classified as Residential.

Retail Real Estate in Hialeah, Florida

1,301( 1.42%) of the properties in Hialeah are classified as Retail. 31 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $59,975,190. The median sales price was $835,000. In 2014 the median sales price for A Class Retail in Hialeah was $481 per sq ft, B Class properties sold for $179/ft and C Class $51/ft.

Senior Housing Real Estate in Hialeah, Florida

37( .04%) of the properties in Hialeah are classified as Senior Housing. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $465,000. The median sales price was $465,000. In 2014 the median sales price for Senior Housing in Hialeah was $195 per sq ft.

Special Purpose Real Estate in Hialeah, Florida

180( .20%) of the properties in Hialeah are classified as Special Purpose. 2 of them sold between February 1st, 2014 and March 1st, 2014. The total value of these sales was $3,769,700. The median sales price was $1,884,850. In 2014 the median sales price for Special Purpose in Hialeah was $209 per sq ft.

Sports & Entertaining Real Estate in Hialeah, Florida

21( .02%) of the properties in Hialeah are classified as Sports & Entertaining.

Hialeah, Miami-Dade County Market Data

Hialeah Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 40 93,259
Government Property 213 6,837,456
Health Care 26 1,297,569
Hotel & Motel 28 1,280,682
Industrial 3,269 39,982,232
Land 533 527,139
Miscellaneous Property 27 902,083
Mobile/Manufactured 1 1,290
Multifamily 2,830 23,266,009
Office 1,179 5,329,987
Residential 82,452 119,002,267
Retail 1,115 17,752,675
Senior Housing 31 264,135
Special Purpose 183 3,263,847
Sports & Entertaining 12 684,913