16366 Sw 97 Ter, 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 | |
|---|---|---|---|---|
| 16376 Sw 97 Ter | Condominium | 1,790 | B |
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| 16356 Sw 97 Ter | Condominium | 1,530 | B |
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| 16386 Sw 97 Ter | Condominium | 1,480 | B |
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| 16346 Sw 97 Ter | Condominium | 1,790 | B |
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| 16365 Sw 97 Ter | Condominium | 1,480 | B |
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| 16375 Sw 97 Ter | Condominium | 1,790 | B |
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| 16355 Sw 97 Ter | Condominium | 1,530 | B |
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| 16396 Sw 97 Ter | Condominium | 1,530 | B |
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| 16385 Sw 97 Ter | Condominium | 1,480 | B |
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| 16336 Sw 97 Ter | Condominium | 1,790 | B |
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| 16345 Sw 97 Ter | Condominium | 1,530 | B |
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| 16395 Sw 97 Ter | Condominium | 1,530 | B |
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| 16364 Sw 97 St | Condominium | 1,480 | B |
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| 16374 Sw 97 St | Condominium | 1,790 | B |
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| 16354 Sw 97 St | Condominium | 1,530 | B |
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| 16335 Sw 97 Ter | Condominium | 1,480 | B |
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| 16326 Sw 97 Ter | Condominium | 1,790 | B |
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| 16384 Sw 97 St | Condominium | 1,480 | B |
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| 16344 Sw 97 St | Condominium | 1,530 | B |
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| 16394 Sw 97 St | Condominium | 1,530 | B |
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| 16325 Sw 97 Ter | Condominium | 1,790 | B |
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| 16316 Sw 97 Ter | Condominium | 1,790 | B |
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| 16334 Sw 97 St | Condominium | 1,480 | B |
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| 9750 Sw 164 Ave | Condominium | 1,530 | B |
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| 9740 Sw 164 Ave | Condominium | 1,480 | B |
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| 9730 Sw 164 Ave | Condominium | 1,790 | B |
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| 16315 Sw 97 Ter | Condominium | 1,480 | B |
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| 16324 Sw 97 St | Condominium | 1,790 | B |
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| 16306 Sw 97 Ter | Condominium | 1,790 | B |
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| 9720 Sw 164 Ave | Condominium | 1,480 | B |
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| 16314 Sw 97 St | Condominium | 1,480 | B |
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| 16305 Sw 97 Ter | Condominium | 1,530 | B |
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| 16363 Sw 97 St | Condominium | 1,530 | B |
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| 16373 Sw 97 St | Condominium | 1,790 | B |
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| 16353 Sw 97 St | Condominium | 1,790 | B |
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| 16383 Sw 97 St | Condominium | 1,530 | B |
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| 9710 Sw 164 Ave | Condominium | 1,790 | B |
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| 9751 Sw 164 Ct | Condominium | 1,530 | B |
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| 16393 Sw 97 St | Condominium | 1,790 | B |
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| 16343 Sw 97 St | Condominium | 1,790 | B |
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| 9741 Sw 164 Ct | Condominium | 1,790 | B |
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| 16304 Sw 97 St | Condominium | 1,530 | B |
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| 9731 Sw 164 Ct | Condominium | 1,790 | B |
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| 16333 Sw 97 St | Condominium | 1,530 | B |
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| 9700 Sw 164 Ave | Condominium | 1,530 | B |
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| 9721 Sw 164 Ct | Condominium | 1,530 | B |
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| 9841 Sw 164 Ct | Single Family | 1,800 | B |
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| 16323 Sw 97 St | Condominium | 1,790 | B |
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| 9646 Sw 163 Pl | Condominium | 1,790 | B |
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Local Household Income
The median household income in this part of Florida is $68,549. The bottom 10% of the population earn less than $21,010 per year. The top 10% earn more than $161,932 per year. The top 1% earn more than $467,603 per year. Most renters earn between $34,968 (20th percentile) and $56,340 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $137,098 and $171,373.
The tax assessed value of this property places it in percentile 46 of all properties in this area. This suggests it would appeal to someone earning around $63,276 per year who should qualify for a mortgage between $126,552 and $158,190.
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 $1,340. Most renters earn between $2,914 and $4,695 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $1,044 (20th percentile) to $1,722 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 46 of all properties in this area. This corresponds to a rent of $1,302 per month and a monthly household income of $3,615 ($43,380 per year)
Nearby Companies
16373 Sw 97th St
16373 Sw 97 St
16373 Sw 97 St
16345 Sw 97 Terrace
16345 Sw 97 Terrace
16346 Sw 97 Terr
9633 Sw 163 Ct
16325 Sw 97th Ter
16314 Sw 97 St
16316 Sw 97th Ter
16304 Sw 97 St
9731 Sw 163rd Ave
9751 Sw 164th Ct
9841 Sw 164 Ct
9841 Sw 164 Ct