8353 Lake Dr 406, Doral
Miami-Dade County Real Estate - Hialeah
Hialeah
Hialeah is the sixth largest city in Florida in terms of population and is located in Miami Dade County. In terms of population, Hialeah is the densest American city not to feature a skyscraper. 95% of Hialeah's population is Hispanic. The second largest Spanish television network, Telemundo, is headquartered in Hialeah. Top employers for Hialeah County are Hialeah Hospital, Palmetto General Hospital, Best Buy, Starbucks, and CVS Pharmacy.
Hialeah is in South East Florida. It's population as recorded in the 2010 Census was 224,669.
The median age for residents of Hialeah is 42.2. Around 38.3% of Hialeah households include school aged children and 41.6% of households include individuals aged 65 years or over. Census records indicate 92.6% of the Hialeah population are White, 2.6% are Black or African American, .1% American Indian, .3% Asian and 1.5% are Two or more Races. Hialeah has a significant Hispanic population. 94.7% (212,805) of Hialeah residents are of Hispanic or Latino origin. Of these .85% are of Mexican origin, 2.36% Puerto Rican, 77.4% Cuban and 19.37% are of other Hispanic or Latino origin.
There are 74,067 housing units in Hialeah. 2,862 (3.8%) of these were reported as vacant in the 2010 Census. There are 36,569 residential rental units in Hialeah. 35,190 of them were occupied in 2010 providing a residential rental vacancy rate of 3.6%.
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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 | |
|---|---|---|---|---|
| 8343 Lake Dr 203 | Condominium | 1,197 | B |
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| 8353 Lake Dr 505 | Condominium | 1,197 | B |
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| 8343 Lake Dr 401 | Condominium | 810 | B |
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| 8343 Lake Dr 204 | Condominium | 810 | B |
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| 8343 Lake Dr 102 | Condominium | 810 | B |
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| 8353 Lake Dr 107 | Condominium | 810 | B |
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| 8343 Lake Dr 201 | Condominium | 810 | B |
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| 8353 Lake Dr 502 | Condominium | 1,197 | B |
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| 8353 Lake Dr 105 | Condominium | 810 | B |
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| 8353 Lake Dr 407 | Condominium | 810 | B |
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| 8343 Lake Dr 107 | Condominium | 810 | B |
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| 8343 Lake Dr 108 | Condominium | 810 | B |
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| 8343 Lake Dr 504 | Condominium | 810 | B |
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| 8353 Lake Dr 101 | Condominium | 810 | B |
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| 8353 Lake Dr 204 | Condominium | 810 | B |
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| 8343 Lake Dr 403 | Condominium | 1,197 | B |
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| 8343 Lake Dr 104 | Condominium | 810 | B |
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| 8353 Lake Dr 202 | Condominium | 810 | B |
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| 8353 Lake Dr 501 | Condominium | 810 | B |
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| 8353 Lake Dr 203 | Condominium | 1,197 | B |
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| 8353 Lake Dr 403 | Condominium | 1,197 | B |
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| 8353 Lake Dr 104 | Condominium | 810 | B |
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| 8353 Lake Dr 305 | Condominium | 810 | B |
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| 8353 Lake Dr 206 | Condominium | 1,197 | B |
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| 8353 Lake Dr 207 | Condominium | 810 | B |
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| 8353 Lake Dr 307 | Condominium | 810 | B |
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| 8353 Lake Dr 308 | Condominium | 810 | B |
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| 8343 Lake Dr 402 | Condominium | 810 | B |
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| 8343 Lake Dr 103 | Condominium | 1,197 | B |
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| 8343 Lake Dr 502 | Condominium | 1,197 | B |
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| 8343 Lake Dr 306 | Condominium | 1,197 | B |
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| 8343 Lake Dr 406 | Condominium | 1,197 | B |
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| 8353 Lake Dr 303 | Condominium | 1,197 | B |
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| 8353 Lake Dr 506 | Condominium | 810 | B |
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| 8343 Lake Dr 506 | Condominium | 810 | B |
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| 8353 Lake Dr 504 | Condominium | 810 | B |
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| 8353 Lake Dr 401 | Condominium | 810 | B |
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| 8353 Lake Dr 201 | Condominium | 810 | B |
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| 8353 Lake Dr 108 | Condominium | 810 | B |
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| 8343 Lake Dr 501 | Condominium | 810 | B |
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| 8353 Lake Dr 304 | Condominium | 810 | B |
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| 8343 Lake Dr 505 | Condominium | 1,197 | B |
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| 8343 Lake Dr 307 | Condominium | 810 | B |
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| 8353 Lake Dr 106 | Condominium | 1,197 | B |
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| 8343 Lake Dr 302 | Condominium | 810 | B |
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| 8343 Lake Dr 404 | Condominium | 810 | B |
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| 8343 Lake Dr 105 | Condominium | 810 | B |
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| 8353 Lake Dr 205 | Condominium | 810 | B |
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| 8343 Lake Dr 205 | Condominium | 810 | B |
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Local Household Income
The median household income in this part of Florida is $48,362. The bottom 10% of the population earn less than $14,609 per year. The top 10% earn more than $135,683 per year. The top 1% earn more than $387,554 per year. Most renters earn between $27,780 (20th percentile) and $49,608 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $96,724 and $120,905.
The tax assessed value of this property places it in percentile 31 of all properties in this area. This suggests it would appeal to someone earning around $30,226 per year who should qualify for a mortgage between $60,452 and $75,565.
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 $1,139. Most renters earn between $2,315 and $4,134 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $820 (20th percentile) to $1,560 (80th percentile) range. The residential vacancy rate is 3%.
This property falls in percentile 31 of all properties in this area. This corresponds to a rent of $943 per month and a monthly household income of $2,600 ($31,200 per year)
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