5741 Sw 72 St 5741, South Miami
Miami-Dade County Real Estate - Miami
Miami
Miami is Florida's second most populous city. Miami is also the second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America." Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami, and Baptist Health South Florida.
Miami is in South East Florida. It's population as recorded in the 2010 Census was 399,457.
The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.
There are 183,994 housing units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.
Miami links:
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Miami-Dade County
Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.
Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.
The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.
Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.
Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.
Neighboring Properties
Address | Type | Sq Ft | Class | |
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5737 Sw 72 St 5737 | Condominium | 402 | B | |
5739 Sw 72 St 5739 | Condominium | 397 | B | |
5743 Sw 72 St 5743 | Condominium | 403 | B | |
5729 Sw 72 St 5729 | Condominium | 455 | B | |
5735 Sw 72 St 5735 | Condominium | 645 | B | |
5731 Sw 72 St 5731 | Condominium | 384 | B | |
5733 Sw 72 St 5733 | Condominium | 383 | B | |
5745 Sw 72 St 5745 | Condominium | 635 | B | |
5723 Sw 72 St 5723 | Condominium | 645 | B | |
5757 Sw 72 St 5757 | Condominium | 615 | B | |
5727 Sw 72 St 5727 | Condominium | 337 | B | |
5725 Sw 72 St 5725 | Condominium | 456 | B | |
5721 Sw 72 St 5721 | Condominium | 403 | B | |
5719 Sw 72 St 5719 | Condominium | 403 | B | |
5763 Sw 72 St 5763 | Condominium | 370 | B | |
5715 Sw 72 St 5715 | Condominium | 402 | B | |
5717 Sw 72 St 5717 | Condominium | 397 | B | |
5759 Sw 72 St 5759 | Condominium | 484 | B | |
5761 Sw 72 St 5761 | Condominium | 321 | B | |
5711 Sw 72 St 5711 | Condominium | 383 | B | |
5713 Sw 72 St 5713 | Condominium | 431 | B | |
5709 Sw 72 St 5709 | Condominium | 384 | B | |
5767 Sw 72 St 5767 | Condominium | 454 | B | |
5707 Sw 72 St 5707 | Condominium | 455 | B | |
5765 Sw 72 St 5765 | Condominium | 367 | B | |
5734 Sunset Dr | Store, one story | 6,596 | B | |
5769 Sw 72 St 5769 | Condominium | 379 | B | |
5771 Sw 72 St 5771 | Condominium | 469 | B | |
5773 Sw 72 St 5773 | Condominium | 383 | B | |
5738 Sunset Dr | Community Shopping Center | 18,958 | B | |
5777 Sw 72 St 5777 | Condominium | 488 | B | |
5705 Sw 72 St 5705 | Condominium | 337 | B | |
5775 Sw 72 St 5775 | Condominium | 610 | B | |
5750 Sunset Dr | Office building, non-professional service building, one story | 29,781 | B | |
5781 Sw 72 St 5781 | Condominium | 551 | B | |
5783 Sw 72 St 5783 | Condominium | 438 | B | |
5779 Sw 72 St 5779 | Condominium | 513 | B | |
5760 Sunset Dr | Community Shopping Center | 8,081 | B | |
5700 Sunset Dr | Mixed use - store and office or store and residential or residential combination | 34,901 | B | |
5787 Sw 72 St 5787 | Condominium | 379 | B | |
5785 Sw 72 St 5785 | Condominium | 454 | B | |
5703 Sw 72 St 5703 | Condominium | 456 | B | |
5791 Sw 72 St 5791 | Condominium | 369 | B | |
5789 Sw 72 St 5789 | Condominium | 469 | B | |
5795 Sunset Dr | Store, one story | 7,082 | B | |
5796 Sunset Dr | Store, one story | 6,399 | B | |
7230 Red Rd | Store, one story | 7,204 | B |
Local Household Income
The median household income in this part of Florida is $77,610. The bottom 10% of the population earn less than $20,775 per year. The top 10% earn more than $310,335 per year. The top 1% earn more than $711,415 per year. Most renters earn between $30,924 (20th percentile) and $55,332 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $155,220 and $194,025.
The tax assessed value of this property places it in percentile 9 of all properties in this area. This suggests it would appeal to someone earning around $19,162 per year who should qualify for a mortgage between $38,324 and $47,905.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,209. Most renters earn between $2,577 and $4,611 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $947 (20th percentile) to $1,661 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 9 of all properties in this area. This corresponds to a rent of $825 per month and a monthly household income of $2,215 ($26,580 per year)
Nearby Companies
6915 Sw 57 Ave
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6929 Red Rd
1902 Elsa St
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6915 Sw 57 Avenue
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7210 Sw 57 Avenue
5724 Sunset Dr
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5701 Sunset Drive #134
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10006 Bennington Dr
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7216 Sw 57 Ave
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7210 Red Road Suite #218
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2754 Linkside Dr
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5721 Sw 73 St
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7297 Sw 57 Avenue
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7259 Red Rd
2018 Mayo St
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5823 Sunset Dr
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7301 Sw 57th Ct Ste 520
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5740 Sunset Dr
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5750 Sunset Dr
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7300 Sw 57 Court
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18735 Ackerman Ave
7301 Sw 57th Ct Ste #545
7301 Sw 57 Court
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5817 Sunset Dr
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7211 Sw 58 Avenue
5805 Sunset Dr
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7301 Sw 57th Ct Suite 545
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7301 Sw 57th Court Ste 560
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