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 
14864 Sw 71 Ter Single Family 1,749 B
14824 Sw 71 Ter Single Family 1,370 B
14859 Sw 71 Ln Single Family 1,370 B
14879 Sw 71 Ln Single Family 1,669 B
7135 Sw 148 Ct Single Family 1,486 B
7115 Sw 148 Ct Single Family 1,502 B
14839 Sw 71 Ln Single Family 1,678 B
14804 Sw 71 Ter Single Family 1,279 B
14819 Sw 71 Ln Single Family 1,370 B
14815 Sw 71 Ter Single Family 1,898 B
14821 Sw 71 St Single Family 1,486 B
14811 Sw 71 St Single Family 1,248 B
14784 Sw 71 Ter Single Family 1,491 B
14831 Sw 71 St Single Family 1,550 B
14801 Sw 71 St Single Family 1,666 B
14868 Sw 71 Ln Single Family 1,506 B
14799 Sw 71 Ln Single Family 1,251 B
14848 Sw 71 Ln Single Family 1,566 B
14795 Sw 71 Ter Single Family 1,483 B
14888 Sw 71 Ln Single Family 1,713 B
7124 Sw 148 Ct Single Family 1,566 B
7144 Sw 148 Ct Single Family 1,370 B
14828 Sw 71 Ln Single Family 2,016 B
14841 Sw 71 St Single Family 1,486 B
14784 Sw 70 Ter Single Family 1,870 B
14764 Sw 71 Ter Single Family 1,476 B
14812 Sw 70 St Single Family 1,608 B
14822 Sw 70 St Single Family 1,245 B
14808 Sw 71 Ln Single Family 1,808 B
7164 Sw 148 Ct Single Family 1,522 B
14802 Sw 70 St Single Family 1,725 B
14779 Sw 71 Ln Single Family 1,255 B
7184 Sw 148 Ct Single Family 1,808 B
14775 Sw 71 Ter Single Family 2,115 B
14842 Sw 70 St Single Family 1,486 B
7088 Sw 147 Pl Single Family 2,131 B
14851 Sw 71 St Single Family 1,550 B
14788 Sw 71 Ln Single Family 1,636 B
14764 Sw 70 Ter Single Family 1,927 B
7109 Sw 148 Pl Single Family 1,550 B
14744 Sw 71 Ter Single Family 1,486 B
14852 Sw 70 St Single Family 1,550 B
14759 Sw 71 Ln Single Family 1,550 B
7139 Sw 148 Pl Single Family 1,296 B
14755 Sw 71 Ter Single Family 1,748 B
6971 Sw 148 Ave Single Family 1,986 B
14861 Sw 71 St Single Family 2,263 B
7048 Sw 147 Pl Single Family 1,362 B
14768 Sw 71 Ln Single Family 1,865 B

Local Household Income

The median household income in this part of Florida is $62,439. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $147,645 per year. The top 1% earn more than $421,155 per year. Most renters earn between $32,616 (20th percentile) and $52,536 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,878 and $156,098.

The tax assessed value of this property places it in percentile 94 of all properties in this area. This suggests it would appeal to someone earning around $177,817 per year who should qualify for a mortgage between $355,634 and $444,543.

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 $1,333. Most renters earn between $2,718 and $4,378 per month. They typically spend 41% of their monthly income on rent. Most rents fall in the $1,064 (20th percentile) to $1,755 (80th percentile) range. The residential vacancy rate is 6%.

This property falls in percentile 94 of all properties in this area. This corresponds to a rent of $2,146 per month and a monthly household income of $5,328 ($63,936 per year)

Nearby Companies

Leo'S Carwash & Painting Corp
6999 Sw 147 Place
Fraga Enterprises Inc
14828 Sw 71 Ln
J Y J Aprn Services ,Corp
14775 Sw 71 Terrace
Rau Enterprises, Inc
14744 Sw 71 Terrace
Briana Nuno LLC
14888 Sw 71 Ln
Blue Hope Therapy Services Inc
7164 Sw 148 Court
Studio Manuel D Garcia Inc
7159 Sw 148th Pl
S F Beauty.Miami Corp
14831 Sw 71st
Pro Diagnostics Inc
14844 Sw 71 Ter
Miami Fence Corp
7088 S W 147th Pl
Orellana Av Moving, Corp.
14852 Sw 70 St
Uclv Psychological Services Inc
14892 Sw 70 Street
Disclaimers and Disclosures

Public Records Data

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