Miami-Dade County Real Estate - Homestead

Homestead is in South East Florida. It's population as recorded in the 2010 Census was 60,512.

The median age for residents of Homestead is 29.1. Around 49.8% of Homestead households include school aged children and 15.4% of households include individuals aged 65 years or over. Census records indicate 66.8% of the Homestead population are White, 20.3% are Black or African American, .4% American Indian, 1.1% Asian and 3.7% are Two or more Races. Homestead has a significant Hispanic population. 62.9% (38,078) of Homestead residents are of Hispanic or Latino origin. Of these 24.45% are of Mexican origin, 13.61% Puerto Rican, 25.01% Cuban and 36.91% are of other Hispanic or Latino origin.

There are 23,419 housing units in Homestead. 4,423 (18.8%) of these were reported as vacant in the 2010 Census. There are 13,138 residential rental units in Homestead. 11,202 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.

Homestead links:

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

AddressTypeSq FtClass 
130 Nw 6 Ave Single Family 1,474 C
198 Nw 6 Ave Single Family 1,049 C
121 Nw 7 Ave Single Family 2,139 C
113 Nw 7 Ave Single Family 813 C
106 Nw 6 Ave Single Family 1,272 C
129 Nw 7 Ave Single Family 2,228 C
105 Nw 7 Ave Multi-family - less than 10 units 990 C
544 Nw 2 St Multi-family - less than 10 units 2,735 B
137 Nw 7 Ave Single Family 994 C
115 Nw 6 Ave Multi-family - less than 10 units 2,284 B
42 Nw 6 Ave Single Family 1,272 C
47 Nw 7 Ave Single Family 753 C
206 Nw 6 Ave Single Family 1,532 C
530 Nw 2 St Multi-family - less than 10 units 2,723 B
41 Nw 7 Ave Vacant Residential 0 L
34 Nw 6 Ave Single Family 1,272 C
41 Nw 6 Ave Multi-family - 10 units or more 6,848 B
205 Nw 7 Ave Single Family 1,854 C
214 Nw 6 Ave Single Family 1,046 C
516 Nw 2 St Multi-family - less than 10 units 2,723 B
33 Nw 7 Ave Single Family 970 C
213 Nw 7 Ave Single Family 1,854 C
122 Nw 7 Ave Single Family 1,163 C
508 Nw 2 St Multi-family - less than 10 units 2,759 B
114 Nw 7 Ave Single Family 1,003 C
130 Nw 7 Ave Single Family 901 C
209 Nw 6 Ave Single Family 1,903 C
222 Nw 6 Ave Single Family 1,323 C
106 Nw 7 Ave Single Family 1,184 C
1 Nw 7 Ave Vacant Commercial 0 L
138 Nw 7 Ave Single Family 901 C
116 Nw 5 Ave Multi-family - less than 10 units 2,966 B
102 Nw 5 Ave Multi-family - less than 10 units 1,650 C
221 Nw 7 Ave Single Family 852 C
605 W Mowry Dr Light manufacturing 7,332 B
50 Nw 5 Ave Multi-family - less than 10 units 1,650 C
502 Nw 2 St Multi-family - less than 10 units 2,723 B
42 Nw 7 Ave Multi-family - less than 10 units 3,744 B
234 Nw 6 Ave Single Family 1,622 C
206 Nw 7 Ave Single Family 913 C
599 W Mowry Dr Heavy industrial 15,285 B
229 Nw 6 Ave Single Family 1,495 C
40 Nw 5 Ave Single Family 873 C
627 W Mowry Dr Auto sales, auto repair and storage or auto service shop 646 C
34 Nw 7 Ave Single Family 1,166 C
507 Nw 2 St Mixed use - store and office or store and residential or residential combination 2,400 B
637 W Mowry Dr Auto sales, auto repair and storage or auto service shop 3,304 B
26 Nw 7 Ave Single Family 1,521 C
238 Nw 6 Ave Single Family 917 C

Local Household Income

The median household income in this part of Florida is $59,750. The bottom 10% of the population earn less than $15,113 per year. The top 10% earn more than $164,280 per year. The top 1% earn more than $542,576 per year. Most renters earn between $26,844 (20th percentile) and $59,088 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $119,500 and $149,375.

The tax assessed value of this property places it in percentile 13 of all properties in this area. This suggests it would appeal to someone earning around $18,909 per year who should qualify for a mortgage between $37,818 and $47,273.

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 $1,192. Most renters earn between $2,237 and $4,924 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,775 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 13 of all properties in this area. This corresponds to a rent of $642 per month and a monthly household income of $1,847 ($22,164 per year)

Nearby Companies

Somi'S Cafe, LLC.
609 W Mowry Dr
Raj Construction LLC
206 Nw 7 Ave
A.B.A.A Inc
47 Nw 7th Ave
Santana Auto Sale, Corp.
637 W Mowry Dr
Disclaimers and Disclosures

Public Records Data

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