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:

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 
5239 Sw 71 Pl Condominium 1,550 B
5249 Sw 71 Pl Condominium 1,920 B
5233 Sw 71 Pl Condominium 1,550 B
5253 Sw 71 Pl Condominium 1,920 B
5229 Sw 71 Pl Condominium 3,470 B
5259 Sw 71 Pl Condominium 1,830 B
5263 Sw 71 Pl Condominium 1,550 B
5219 Sw 71 Pl Condominium 1,550 B
5215 Sw 71 Pl Condominium 1,920 B
5269 Sw 71 Pl Condominium 1,550 B
5209 Sw 71 Pl Condominium 1,920 B
5273 Sw 71 Pl Condominium 1,920 B
5203 Sw 71 Pl Condominium 1,920 B
5179 Sw 71 Pl Condominium 1,920 B
5303 Sw 71 Pl Condominium 1,920 B
5173 Sw 71 Pl Condominium 1,920 B
5309 Sw 71 Pl Condominium 1,830 B
5169 Sw 71 Pl Condominium 1,920 B
5313 Sw 71 Pl Condominium 1,830 B
5163 Sw 71 Pl Condominium 1,550 B
5220 Sw 72 Ave Single Family 6,299 B
5319 Sw 71 Pl Condominium 1,920 B
5240 Sw 72 Ave Single Family 2,729 B
5159 Sw 71 Pl Condominium 1,550 B
7103 Sw 53 Ln Condominium 1,920 B
5323 Sw 71 Pl Condominium 1,830 B
7073 Sw 53 Ln Condominium 3,945 B
5153 Sw 71 Pl Condominium 1,920 B
5200 Sw 72 Ave Single Family 3,566 B
7109 Sw 53 Ln Condominium 1,830 B
5329 Sw 71 Pl Condominium 1,550 B
5149 Sw 71 Pl Condominium 1,920 B
7143 Sw 53 Ln Condominium 1,920 B
7113 Sw 53 Ln Condominium 1,550 B
7139 Sw 53 Ln Condominium 1,830 B
7133 Sw 53 Ln Condominium 1,550 B
7063 Sw 53 Ln Condominium 1,920 B
5300 Sw 72 Ave Single Family 4,427 A
7129 Sw 53 Ln Condominium 1,550 B
5333 Sw 71 Pl Condominium 1,550 B
7123 Sw 53 Ln Condominium 1,830 B
7119 Sw 53 Ln Condominium 1,550 B
5143 Sw 71 Pl Condominium 1,920 B
7059 Sw 53 Ln Condominium 1,920 B
5339 Sw 71 Pl Condominium 1,920 B
5116 Sw 72 Ave Condominium 2,745 B
5139 Sw 71 Pl Condominium 1,920 B
7053 Sw 53 Ln Condominium 1,550 B
5114 Sw 72 Ave Condominium 2,745 B

Local Household Income

The median household income in this part of Florida is $56,410. The bottom 10% of the population earn less than $18,731 per year. The top 10% earn more than $141,318 per year. The top 1% earn more than $389,679 per year. Most renters earn between $28,284 (20th percentile) and $45,348 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,820 and $141,025.

The tax assessed value of this property places it in percentile 86 of all properties in this area. This suggests it would appeal to someone earning around $126,278 per year who should qualify for a mortgage between $252,556 and $315,695.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$97,420
$194,840
$292,259
$389,679
$126,278

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 $1,290. Most renters earn between $2,357 and $3,779 per month. They typically spend 45% of their monthly income on rent. Most rents fall in the $1,001 (20th percentile) to $1,701 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 86 of all properties in this area. This corresponds to a rent of $1,847 per month and a monthly household income of $4,052 ($48,624 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$195
$1,536
$2,877
$4,217
$5,558
$4,052
$1,847

Nearby Companies

Cisneros Yacht Group LLC
7109 Sw 53 Lane
Tellcrom, LLC.
7103 Sw 53rd Ln
Genx Restoration LLC
5259 Sw 71st Pl
Doge Investment Group, LLC
5259 Sw 71st Pl
Ratelover, LLC
5259 Sw 71 Pl
Stud Restoration, LLC
5259 Sw 71 Pl
Caribe Dorado LLC
5179 Sw 71 Pl
Gisol, Corp.
5179 Sw 71 Place
Firmum, LLC
5179 Sw 71st Pl
Fergim LLC
5179 Sw 71st Pl
Gables Edge 17 LLC
5139 Sw 71 Pl
Jean-Paul Chavez, Dds, LLC
5139 Sw 71 Place
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

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