16511 Sw 97 St, 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 | |
|---|---|---|---|---|
| 16515 Sw 97 St | Condominium | 1,480 | B |
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| 16507 Sw 97 St | Condominium | 1,530 | B |
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| 16519 Sw 97 St | Condominium | 1,530 | B |
|
| 16503 Sw 97 St | Condominium | 1,480 | B |
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| 16512 Sw 97 St | Condominium | 1,480 | B |
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| 16516 Sw 97 St | Condominium | 1,530 | B |
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| 16523 Sw 97 St | Condominium | 1,490 | B |
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| 16508 Sw 97 St | Condominium | 1,530 | B |
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| 16520 Sw 97 St | Condominium | 1,790 | B |
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| 16457 Sw 97 St | Condominium | 1,530 | B |
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| 16504 Sw 97 St | Condominium | 1,790 | B |
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| 16510 Sw 96 Ter | Condominium | 1,790 | B |
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| 16514 Sw 96 Ter | Condominium | 1,790 | B |
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| 16506 Sw 96 Ter | Condominium | 1,790 | B |
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| 16524 Sw 97 St | Condominium | 1,790 | B |
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| 16513 Sw 97 Ter | Condominium | 1,530 | B |
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| 16502 Sw 96 Ter | Condominium | 1,530 | B |
|
| 16517 Sw 97 Ter | Condominium | 1,490 | B |
|
| 16458 Sw 97 St | Condominium | 1,530 | B |
|
| 16453 Sw 97 St | Condominium | 1,490 | B |
|
| 16509 Sw 97 Ter | Condominium | 1,790 | B |
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| 16522 Sw 96 Ter | Condominium | 1,530 | B |
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| 16521 Sw 97 Ter | Condominium | 1,530 | B |
|
| 16505 Sw 97 Ter | Condominium | 1,530 | B |
|
| 16454 Sw 97 St | Condominium | 1,481 | B |
|
| 16525 Sw 97 Ter | Condominium | 1,490 | B |
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| 16456 Sw 96 Ter | Condominium | 1,790 | B |
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| 16459 Sw 97 Ter | Condominium | 1,490 | B |
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| 16449 Sw 97 St | Condominium | 1,530 | B |
|
| 16527 Sw 97 St | Condominium | 1,790 | B |
|
| 16452 Sw 96 Ter | Condominium | 1,220 | B |
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| 16455 Sw 97 Ter | Condominium | 1,481 | B |
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| 16445 Sw 97 St | Condominium | 1,790 | B |
|
| 16450 Sw 97 St | Condominium | 1,480 | B |
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| 16509 Sw 96 Ter | Condominium | 1,530 | B |
|
| 16505 Sw 96 Ter | Condominium | 1,480 | B |
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| 16528 Sw 97 St | Condominium | 1,530 | B |
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| 16513 Sw 96 Ter | Condominium | 1,481 | B |
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| 16501 Sw 96 Ter | Condominium | 1,530 | B |
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| 16448 Sw 96 Ter | Condominium | 1,481 | B |
|
| 16526 Sw 96 Ter | Condominium | 1,790 | B |
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| 16517 Sw 96 Ter | Condominium | 1,790 | B |
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| 16531 Sw 97 St | Condominium | 1,790 | B |
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| 16514 Sw 97 Ter | Condominium | 1,530 | B |
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| 16518 Sw 97 Ter | Condominium | 1,530 | B |
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| 16510 Sw 97 Ter | Condominium | 1,790 | B |
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| 16455 Sw 96 Ter | Condominium | 1,530 | B |
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| 16522 Sw 97 Ter | Condominium | 1,490 | B |
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| 16451 Sw 97 Ter | Condominium | 1,530 | 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 49 of all properties in this area. This suggests it would appeal to someone earning around $67,027 per year who should qualify for a mortgage between $134,054 and $167,568.
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 49 of all properties in this area. This corresponds to a rent of $1,332 per month and a monthly household income of $3,660 ($43,920 per year)
Nearby Companies
16447 Sw 96 Ter
16487 Sw 98th Ter
16457 Sw 97th St
16455 Sw 97th Ter
16455 Sw 97th Ter
16456 Sw 97 Terrace
16442 Sw 97th St
9631 Sw 164 Ct
9751 Sw 164th Ct
16487 Sw 98 Terr
16549 Sw 97 Terr
16509 Sw 97th Ter
16534 Sw 97th Ter
16537 Sw 97 Terr
16519 Sw 97th St
16540 Sw 97th St
16527 Sw 97th St
16547 Sw 97th St
16548 Sw 97 St
16543 Sw 97th St
16549 Sw 96th Ter
16542 Sw 96th Ter
16509 Sw 96th Ter
9559 Sw 165 Ct