7870 Sw 160 Ave, Unincorporated County
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:
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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 | |
|---|---|---|---|---|
| 7840 Sw 160 Ave | Single Family | 2,525 | B |
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| 16015 Sw 79 St | Single Family | 2,066 | B |
|
| 16025 Sw 79 St | Single Family | 2,146 | B |
|
| 7845 Sw 161 Ave | Single Family | 1,952 | B |
|
| 16065 Sw 79 St | Single Family | 2,467 | B |
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| 7865 Sw 161 Ave | Single Family | 2,335 | B |
|
| 7790 Sw 160 Ave | Single Family | 2,192 | B |
|
| 7825 Sw 161 Ave | Single Family | 2,525 | B |
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| 7795 Sw 161 Ave | Single Family | 2,525 | B |
|
| 15992 Sw 78 St | Single Family | 2,413 | B |
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| 16085 Sw 79 St | Single Family | 2,077 | B |
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| 7853 Sw 160 Ave | Single Family | 2,146 | B |
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| 7780 Sw 160 Ave | Single Family | 2,390 | B |
|
| 7863 Sw 160 Ave | Single Family | 2,354 | B |
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| 7785 Sw 161 Ave | Single Family | 1,971 | B |
|
| 16020 Sw 79 St | Single Family | 2,117 | B |
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| 16010 Sw 79 St | Single Family | 1,952 | B |
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| 15962 Sw 78 St | Single Family | 2,381 | B |
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| 16040 Sw 79 St | Single Family | 2,498 | B |
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| 7973 Sw 160 Ave | Single Family | 2,541 | B |
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| 16110 Sw 78 St | Single Family | 2,498 | B |
|
| 16060 Sw 79 St | Single Family | 2,473 | B |
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| 7862 Sw 161 Ave | Single Family | 1,944 | B |
|
| 7864 Sw 161 Ave | Single Family | 2,174 | B |
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| 16014 Sw 77 Ter | Single Family | 2,146 | B |
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| 16054 Sw 77 Ter | Single Family | 2,336 | B |
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| 15932 Sw 78 St | Single Family | 2,146 | B |
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| 7790 Sw 161 Ave | Single Family | 2,075 | B |
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| 15991 Sw 78 St | Single Family | 2,110 | B |
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| 7983 Sw 160 Ave | Single Family | 2,525 | B |
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| 7874 Sw 161 Ave | Single Family | 1,944 | B |
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| 16094 Sw 77 Ter | Single Family | 2,525 | B |
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| 16160 Sw 78 St | Single Family | 1,944 | B |
|
| 16080 Sw 79 St | Single Family | 2,430 | B |
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| 15971 Sw 78 St | Single Family | 2,473 | B |
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| 16011 Sw 79 Ter | Single Family | 2,466 | B |
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| 16121 Sw 78 St | Single Family | 2,115 | B |
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| 16021 Sw 79 Ter | Single Family | 2,130 | B |
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| 7884 Sw 161 Ave | Single Family | 2,530 | B |
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| 15892 Sw 78 St | Single Family | 2,354 | B |
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| 7788 Sw 161 Ave | Single Family | 2,387 | B |
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| 16061 Sw 79 Ter | Single Family | 1,956 | B |
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| 15981 Sw 79 Ter | Single Family | 2,525 | B |
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| 16081 Sw 79 Ter | Single Family | 1,956 | B |
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| 15931 Sw 78 St | Single Family | 1,952 | B |
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| 15990 Sw 77 St | Outdoor recreational or high-water recharge subject | 0 | L | |
| 16141 Sw 78 St | Single Family | 2,360 | B |
|
| 15961 Sw 79 Ter | Single Family | 2,338 | B |
|
| 7863 Sw 161 Pl | Single Family | 1,956 | B |
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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 86 of all properties in this area. This suggests it would appeal to someone earning around $126,749 per year who should qualify for a mortgage between $253,498 and $316,873.
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 86 of all properties in this area. This corresponds to a rent of $1,870 per month and a monthly household income of $4,630 ($55,560 per year)
Nearby Companies
16111 Sw 79th Ter
16111 Sw 79th Ter
16111 Sw 79th Ter
16111 Sw 79th Ter
16012 Sw 79 Ter
15961 Sw 79th Ter
15961 Sw 79th Ter
16062 Sw 79 Terr
15921 Sw 79th Ter
7973 Sw 160 Avenue
7973 Sw 160 Avenue
16085 South West 79 St
16348 Sw 79th St
7890 Sw 161 Place
7540 Sw 158th Ct
7880 Sw 161 Place
7853 Sw 161 Pl
7840 Sw 160 Ave
7840 Sw 160 Ave
7825 Sw 161 Ave
7825 Sw 161 Ave
15962 Sw 78 Street
15992 Sw 78th St
7780 Sw 161st Ave
16075 Sw 77 Terr