5545 Sw 80 St 77a, Unincorporated County
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%.
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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 | |
|---|---|---|---|---|
| 5545 Sw 80 St 80d | Condominium | 800 | B |
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| 5545 Sw 80 St 78b | Condominium | 800 | B |
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| 5545 Sw 80 St 79c | Condominium | 800 | B |
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| 5565 Sw 80 St 110b | Condominium | 800 | B |
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| 5565 Sw 80 St 111c | Condominium | 800 | B |
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| 5525 Sw 80 St 73-A | Condominium | 800 | B |
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| 5565 Sw 80 St 109a | Condominium | 800 | B |
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| 5565 Sw 80 St 112d | Condominium | 800 | B |
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| 5525 Sw 80 St 74b | Condominium | 800 | B |
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| 5525 Sw 80 St 75c | Condominium | 800 | B |
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| 5525 Sw 80 St 76d | Condominium | 800 | B |
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| 5530 Sw 80 St | Single Family | 1,409 | B |
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| 5585 Sw 80 St 106b | Condominium | 800 | B |
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| 5585 Sw 80 St 107c | Condominium | 800 | B |
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| 5585 Sw 80 St 105a | Condominium | 800 | B |
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| 5585 Sw 80 St 108-D | Condominium | 800 | B |
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| 5520 Sw 80 St | Single Family | 1,811 | C |
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| 5540 Sw 80 St | Single Family | 1,379 | B |
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| 5605 Sw 80 St 99c | Condominium | 800 | B |
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| 5595 Sw 80 St 104d | Condominium | 800 | B |
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| 5595 Sw 80 St 102b | Condominium | 800 | B |
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| 5605 Sw 80 St 98c | Condominium | 665 | B |
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| 5605 Sw 80 St 97-A | Condominium | 800 | B |
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| 5595 Sw 80 St 101a | Condominium | 665 | B |
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| 5605 Sw 80 St 10d | Condominium | 665 | B |
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| 5595 Sw 80 St 103c | Condominium | 665 | B |
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| 7960 Sw 55 Ave 69b | Condominium | 665 | B |
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| 7960 Sw 55 Ave 72c | Condominium | 800 | B |
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| 7960 Sw 55 Ave 70a | Condominium | 800 | B |
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| 7960 Sw 55 Ave 71-D | Condominium | 665 | B |
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| 5500 Sw 80 St | Single Family | 1,893 | B |
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| 7940 Sw 55 Ave 67d | Condominium | 800 | B |
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| 7940 Sw 55 Ave 66a | Condominium | 665 | B |
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| 7940 Sw 55 Ave 65b | Condominium | 800 | B |
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| 7940 Sw 55 Ave 68c | Condominium | 665 | B |
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| 5495 Sw 80 St | Multi-family - less than 10 units | 1,786 | B |
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| 5625 Sw 80 St 113b | Condominium | 800 | B |
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| 5625 Sw 80 St 114a | Condominium | 800 | B |
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| 5625 Sw 80 St 116c | Condominium | 800 | B |
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| 5625 Sw 80 St 115d | Condominium | 1,600 | B |
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| 5550 Sw 80 St | Single Family | 1,052 | B |
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| 7925 Sw 55 Ave | Single Family | 1,536 | B |
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| 5645 Sw 80 St 120c | Condominium | 800 | B |
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| 5645 Sw 80 St 118a | Condominium | 800 | B |
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| 5645 Sw 80 St 117b | Condominium | 800 | B |
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| 5645 Sw 80 St 119d | Condominium | 800 | B |
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| 5480 Sw 80 St | Vacant Residential | 2,486 | L |
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| 5656 Sw 80 St | Single Family | 4,495 | A |
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| 7915 Sw 55 Ave | Single Family | 2,161 | B |
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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 16 of all properties in this area. This suggests it would appeal to someone earning around $27,990 per year who should qualify for a mortgage between $55,980 and $69,975.
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 16 of all properties in this area. This corresponds to a rent of $912 per month and a monthly household income of $2,472 ($29,664 per year)
Nearby Companies
5685 Sw 80th St
8500 Nw 27th Pl
5645 Sw 80th St
5656 Sw 80th St
5595 Sw 80th St
5565 Sw 80th St
7910 Sw 55th Ave
7860 Sw 55th Ave
5520 Sw 80th St
8041 Sw 54th Ct
8041 Sw 54th Ct