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:

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

AddressTypeSq FtClass 
7255 Sw 109 Pl Single Family 1,299 B
7234 Sw 109 Pl Single Family 1,571 B
10951 Sw 72 Ter Single Family 1,571 B
7254 Sw 109 Pl Single Family 2,536 B
7275 Sw 109 Pl Single Family 1,964 B
10957 Sw 73 St Single Family 1,299 B
10939 Sw 73 St Single Family 1,554 B
10958 Sw 72 Ter Single Family 1,554 B
10959 Sw 72 Ter Single Family 1,571 B
10961 Sw 73 St Single Family 1,964 B
10967 Sw 72 Ter Single Family 1,571 B
10931 Sw 73 St Single Family 1,571 B
10962 Sw 72 Ter Single Family 1,554 B
7302 Sw 109 Ct Single Family 1,571 B
7301 Sw 109 Ct Single Family 1,964 B
10975 Sw 72 Ter Single Family 1,299 B
10914 Sw 72 St 386 Condominium 1,569 B
10914 Sw 72 St 384 Condominium 1,086 B
10914 Sw 72 St 383 Condominium 1,086 B
10914 Sw 72 St 382 Condominium 1,569 B
10914 Sw 72 St 387 Condominium 1,569 B
10914 Sw 72 St 381 Condominium 1,569 B
10916 Sw 72 St 322 Condominium 1,160 B
10916 Sw 72 St 324 Condominium 1,160 B
10914 Sw 72 St 388 Condominium 1,569 B
10916 Sw 72 St 323 Condominium 1,593 B
10916 Sw 72 St 321 Condominium 1,593 B
10914 Sw 72 St 385 Condominium 1,569 B
10958 Sw 73 St Single Family 1,554 B
10904 Sw 72 St 52 Condominium 1,593 B
10910 Sw 72 St 273 Condominium 1,593 B
10908 Sw 72 St 213 Condominium 1,086 B
10908 Sw 72 St 214 Condominium 1,086 B
10908 Sw 72 St 212 Condominium 982 B
10908 Sw 72 St 211 Condominium 982 B
10908 Sw 72 St 215 Condominium 982 B
10912 Sw 72 St 311 Condominium 1,593 B
10910 Sw 72 St 274 Condominium 1,160 B
10910 Sw 72 St 271 Condominium 1,593 B
10904 Sw 72 St 54 Condominium 1,593 B
10910 Sw 72 St 272 Condominium 1,160 B
10902 Sw 72 St 43 Condominium 1,160 B
10902 Sw 72 St 42 Condominium 1,593 B
10912 Sw 72 St 314 Condominium 1,160 B
10908 Sw 72 St 216 Condominium 982 B
10904 Sw 72 St 53 Condominium 1,160 B
10904 Sw 72 St 51 Condominium 1,160 B
10912 Sw 72 St 312 Condominium 1,160 B
10912 Sw 72 St 313 Condominium 1,593 B

Local Household Income

The median household income in this part of Florida is $84,369. The bottom 10% of the population earn less than $23,412 per year. The top 10% earn more than $246,527 per year. The top 1% earn more than $657,024 per year. Most renters earn between $37,968 (20th percentile) and $61,836 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $168,738 and $210,923.

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 $53,730 per year who should qualify for a mortgage between $107,460 and $134,325.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$41,248
$82,495
$123,743
$164,990
$53,730

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 $1,313. Most renters earn between $3,164 and $5,153 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $1,011 (20th percentile) to $1,715 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 31 of all properties in this area. This corresponds to a rent of $1,106 per month and a monthly household income of $3,515 ($42,180 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$183
$3,208
$6,233
$9,257
$12,282
$3,515
$1,106

Nearby Companies

Group G, Inc.
10919 Sw 71st Ln
Letsdoitservices Corp
10832 Sw 72nd St Apt 62
Spotless Cars, Inc.
10828 Sw 72 St #206
Damar 72, L.L.C.
10826 W 72 Street
Best Consultants 4u LLC
10820 Sw 72 Street
Rainbow Total Cleaning, LLC
10820 Sw 72nd St
L C A Inc.
10818 Sw 72 St #151
Cnm Designs, Inc.
10806 Sw 72nd St
Rockford International, Inc.
10806 Sw 72 Street
Importrama Company, Inc.
10806 Sw 72 Street
Brios Insurance LLC
10486 Sw 72nd St
Yaqui Insurance Inc
10486 Sw 72nd St
Edgar Escorcia Pa
10952 Sw 71 Ln
My Genesis, LLC
10975 Sw 72nd Ter
Callas Properties, LLC.
10962 Sw 72 Terrace
Romeo Group Holdings, LLC
10962 Sw 72 Terrace
Deyris Correa Therapy LLC
10951 Sw 72 Terrace
Cobo Marketing Inc
7254 Sw 109th Pl
Aquarius Jewelry LLC.
10902 Sw 72nd St #44
Destination I Do'S LLC.
8770 Sw 72nd Street #439
Kolasin, LLC
9415 Sw 72nd St
Spuz, LLC
9415 Sw 72nd St
Tivat, LLC
9415 Sw 72nd St
Zagrad, LLC
9415 Sw 72nd St
Pluzine, LLC
9415 Sw 72nd St
Berane, LLC
9415 Sw 72nd St
Igalo, LLC
9415 Sw 72nd St
Ibarac, LLC
9415 Sw 72nd St
Bijela, LLC
9415 Sw 72nd St
Rozaje, LLC
9415 Sw 72nd St
Sutomore, LLC
9415 Sw 72nd St
Troy & Schwartz, L.L.C.
9415 Sw 72nd St
Jorge Cruz Appraisals, Inc.
9425 Sw 72nd St
Speakeasy For Kids, Inc.
9425 Sw 72nd St
Inmuhealth Group LLC
10899 Sw 72nd St
M & L Drywall, Corp.
7381 Sw 109 Ct
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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