12939 Sw 59 Ter, 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 | |
|---|---|---|---|---|
| 12929 Sw 59 Ter | Condominium | 1,906 | B |
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| 12949 Sw 59 Ter | Condominium | 1,906 | B |
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| 12959 Sw 59 Ter | Condominium | 1,906 | B |
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| 12919 Sw 59 Ter | Condominium | 1,906 | B |
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| 12969 Sw 59 Ter | Condominium | 1,563 | B |
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| 6003 Sw 130 Ave | Condominium | 1,563 | B |
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| 6012 Sw 129 Ct | Condominium | 1,563 | B |
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| 5715 Sw 129 Pl | Single Family | 1,891 | B |
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| 6013 Sw 130 Ave | Condominium | 2,236 | B |
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| 6022 Sw 129 Ct | Condominium | 1,906 | B |
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| 5711 Sw 129 Pl | Single Family | 1,985 | B |
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| 6023 Sw 130 Ave | Condominium | 1,906 | B |
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| 6032 Sw 129 Ct | Condominium | 1,563 | B |
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| 5921 Sw 129 Ct | Condominium | 1,906 | B |
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| 5911 Sw 129 Ct | Condominium | 1,906 | B |
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| 12942 Sw 57 Ter | Single Family | 1,740 | B |
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| 5931 Sw 129 Ct | Condominium | 1,906 | B |
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| 5707 Sw 129 Pl | Single Family | 1,891 | B |
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| 5941 Sw 129 Ct | Condominium | 1,906 | B |
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| 6033 Sw 130 Ave | Condominium | 1,906 | B |
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| 6042 Sw 129 Ct | Condominium | 1,563 | B |
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| 12952 Sw 57 Ter | Single Family | 1,891 | B |
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| 6011 Sw 129 Ct | Condominium | 1,906 | B |
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| 5683 Sw 129 Pl | Single Family | 1,891 | B |
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| 6021 Sw 129 Ct | Condominium | 1,906 | B |
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| 12962 Sw 57 Ter | Single Family | 1,740 | B |
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| 6102 Sw 129 Ct | Condominium | 1,563 | B |
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| 6043 Sw 130 Ave | Condominium | 1,906 | B |
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| 6031 Sw 129 Ct | Condominium | 1,906 | B |
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| 5679 Sw 129 Pl | Single Family | 1,891 | B |
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| 6041 Sw 129 Ct | Condominium | 1,906 | B |
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| 6112 Sw 129 Ct | Condominium | 1,563 | B |
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| 6103 Sw 130 Ave | Condominium | 1,842 | B |
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| 12972 Sw 57 Ter | Single Family | 2,119 | B |
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| 12939 Sw 57 Ter | Single Family | 1,891 | B |
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| 6101 Sw 129 Ct | Condominium | 1,563 | B |
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| 5675 Sw 129 Pl | Single Family | 1,891 | B |
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| 6122 Sw 129 Ct | Condominium | 1,563 | B |
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| 5989 Sw 128 Ct | Single Family | 1,854 | B |
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| 12949 Sw 57 Ter | Single Family | 1,891 | B |
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| 6113 Sw 130 Ave | Condominium | 1,842 | B |
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| 6111 Sw 129 Ct | Condominium | 1,906 | B |
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| 12851 Sw 60 St | Single Family | 2,123 | B |
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| 6100 Sw 130 Ave 1602 | Condominium | 1,100 | B |
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| 6100 Sw 130 Ave 1609 | Condominium | 1,100 | B |
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| 6100 Sw 130 Ave 1608 | Condominium | 1,100 | B |
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| 6100 Sw 130 Ave 1607 | Condominium | 1,355 | B |
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| 6100 Sw 130 Ave 1604 | Condominium | 1,355 | B |
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| 6100 Sw 130 Ave 1605 | Condominium | 1,355 | 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 57 of all properties in this area. This suggests it would appeal to someone earning around $71,640 per year who should qualify for a mortgage between $143,280 and $179,100.
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 57 of all properties in this area. This corresponds to a rent of $1,400 per month and a monthly household income of $3,451 ($41,412 per year)
Nearby Companies
6021 Sw 129 Ct
12907 Sw 60th St
12880 Sw 60 Street
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12874 Sw 60th St
12857 Sw 60 St
5715 Sw 129 Place
12939 Sw 57 Terrace
12939 Sw 57th Ter
5679 Sw 129 Pl
5675 Southwest 129th Pl
5675 Southwest 129th Pl
5662 Sw 129 Pl
5658 Sw 130th Ave
6123 Sw 130 Ave
6013 Sw 130 Ave
6112 Sw 129 Ct
6152 Sw 129 Court
6132 Sw 129 Ct
12929 Sw 59 Terrace
6042 Sw 129 Ct
12919 Sw 59th Ter