13044 Sw 88 Ln B203, 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%.
Miami 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 | |
|---|---|---|---|---|
| 13045 Sw 88 Ln 104a | Condominium | 1,233 | B |
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| 13048 Sw 88 Ln B204 | Condominium | 1,108 | B |
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| 13046 Sw 88 Ln B104 | Condominium | 1,108 | B |
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| 13047 Sw 88 Ln 207a | Condominium | 1,214 | B |
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| 13049 Sw 88 Ln 208a | Condominium | 1,214 | B |
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| 13051 Sw 88 Ln 105-A | Condominium | 1,233 | B |
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| 13053 Sw 88 Ln 209a | Condominium | 1,214 | B |
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| 13039 Sw 88 Ln 103a | Condominium | 1,233 | B |
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| 13042 Sw 88 Ln B103 | Condominium | 1,108 | B |
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| 13038 Sw 88 Ln B102 | Condominium | 962 | B |
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| 13055 Sw 88 Ln 210a | Condominium | 1,214 | B |
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| 13040 Sw 88 Ln B202 | Condominium | 962 | B |
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| 13050 Sw 88 Ln B105 | Condominium | 962 | B |
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| 13052 Sw 88 Ln B205 | Condominium | 962 | B |
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| 13036 Sw 88 Ln B201 | Condominium | 910 | B |
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| 13043 Sw 88 Ln 206a | Condominium | 1,214 | B |
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| 13041 Sw 88 Ln 205a | Condominium | 1,214 | B |
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| 13037 Sw 88 Ln 204a | Condominium | 1,214 | B |
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| 13054 Sw 88 Ln B106 | Condominium | 910 | B |
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| 13032 Sw 88 Ln A206 | Condominium | 910 | B |
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| 13061 Sw 88 Ln 212-A | Condominium | 1,214 | B |
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| 13060 Sw 88 Ln A-201 | Condominium | 921 | B |
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| 13035 Sw 88 Ln 203a | Condominium | 1,214 | B |
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| 13057 Sw 88 Ln 106a | Condominium | 1,233 | B |
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| 13058 Sw 88 Ln A101 | Condominium | 921 | B |
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| 13056 Sw 88 Ln B206 | Condominium | 910 | B |
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| 13059 Sw 88 Ln 211a | Condominium | 1,214 | B |
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| 13033 Sw 88 Ln 102a | Condominium | 1,233 | B |
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| 13034 Sw 88 Ln B101 | Condominium | 910 | B |
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| 13062 Sw 88 Ln A102 | Condominium | 910 | B |
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| 13066 Sw 88 Ln A103 | Condominium | 1,108 | B |
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| 13064 Sw 88 Ln A202 | Condominium | 910 | B |
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| 13031 Sw 88 Ln 202a | Condominium | 1,214 | B |
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| 13030 Sw 88 Ln A106 | Condominium | 910 | B |
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| 13028 Sw 88 Ln A205 | Condominium | 962 | B |
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| 13026 Sw 88 Ln A105 | Condominium | 962 | B |
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| 13027 Sw 88 Ln 101a | Condominium | 1,233 | B |
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| 13029 Sw 88 Ln 201a | Condominium | 1,214 | B |
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| 13070 Sw 88 Ln A104 | Condominium | 1,102 | B |
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| 13072 Sw 88 Ln A-204 | Condominium | 1,102 | B |
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| 13068 Sw 88 Ln A203 | Condominium | 1,108 | B |
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| 13022 Sw 88 Ln A104 | Condominium | 1,108 | B |
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| 13023 Sw 88 Ln 106a | Condominium | 910 | B |
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| 13021 Sw 88 Ln 205a | Condominium | 962 | B |
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| 13024 Sw 88 Ln A204 | Condominium | 1,108 | B |
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| 13020 Sw 88 Ln A203 | Condominium | 1,108 | B |
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| 13025 Sw 88 Ln 206a | Condominium | 910 | B |
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| 13074 Sw 88 Ln B101 | Condominium | 921 | B |
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| 13076 Sw 88 Ln B-201 | Condominium | 921 | 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 9 of all properties in this area. This suggests it would appeal to someone earning around $20,150 per year who should qualify for a mortgage between $40,300 and $50,375.
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 9 of all properties in this area. This corresponds to a rent of $912 per month and a monthly household income of $2,489 ($29,868 per year)
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