5702 Sw 140 Ave, 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 | |
|---|---|---|---|---|
| 5656 Sw 140 Ave | Condominium | 1,187 | B |
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| 5706 Sw 140 Ave | Condominium | 1,187 | B |
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| 5652 Sw 140 Ave | Condominium | 1,095 | B |
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| 5646 Sw 140 Ave | Condominium | 1,187 | B |
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| 5701 Sw 140 Ave | Condominium | 1,187 | B |
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| 13956 Sw 56 Ln | Condominium | 1,187 | B |
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| 5705 Sw 140 Ave | Condominium | 1,187 | B |
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| 5710 Sw 140 Ave | Condominium | 1,187 | B |
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| 5705 Sw 140 Pl | Condominium | 1,187 | B |
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| 5655 Sw 140 Pl | Condominium | 1,187 | B |
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| 5711 Sw 140 Ave | Condominium | 1,187 | B |
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| 5709 Sw 140 Pl | Condominium | 1,187 | B |
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| 5649 Sw 140 Pl | Condominium | 1,187 | B |
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| 13950 Sw 56 Ln | Condominium | 1,187 | B |
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| 5716 Sw 140 Ave | Condominium | 1,095 | B |
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| 5645 Sw 140 Pl | Condominium | 1,187 | B |
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| 14020 Sw 57 Ter | Condominium | 1,187 | B |
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| 5715 Sw 140 Ave | Condominium | 1,187 | B |
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| 13946 Sw 56 Ln | Condominium | 895 | B |
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| 5720 Sw 140 Ave | Condominium | 895 | B |
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| 14026 Sw 57 Ter | Condominium | 1,187 | B |
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| 14005 Sw 56 Ln | Condominium | 895 | B |
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| 14011 Sw 56 Ln | Condominium | 1,187 | B |
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| 14001 Sw 56 Ln | Condominium | 1,095 | B |
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| 13961 Sw 57 Ln | Condominium | 1,187 | B |
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| 5700 Sw 139 Pl | Condominium | 1,187 | B |
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| 5704 Sw 139 Pl | Condominium | 1,187 | B |
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| 13940 Sw 56 Ln | Condominium | 1,187 | B |
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| 13951 Sw 56 Ln | Condominium | 1,187 | B |
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| 14030 Sw 57 Ter | Condominium | 1,187 | B |
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| 14045 Sw 57 Ter | Condominium | 1,187 | B |
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| 14021 Sw 56 Ln | Condominium | 1,187 | B |
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| 5726 Sw 140 Ave | Condominium | 1,187 | B |
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| 14030 Sw 56 Ln | Condominium | 1,187 | B |
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| 13955 Sw 57 Ln | Condominium | 1,187 | B |
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| 14025 Sw 56 Ln | Condominium | 1,095 | B |
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| 14046 Sw 57 Ter | Condominium | 1,187 | B |
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| 5641 Sw 139 Pl | Condominium | 1,187 | B |
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| 13964 Sw 57 Ln | Condominium | 1,187 | B |
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| 14051 Sw 57 Ter | Condominium | 1,187 | B |
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| 14031 Sw 56 Ln | Condominium | 1,095 | B |
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| 5635 Sw 139 Pl | Condominium | 1,187 | B |
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| 14036 Sw 56 Ln | Condominium | 1,187 | B |
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| 14050 Sw 57 Ter | Condominium | 1,187 | B |
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| 13960 Sw 57 Ln | Condominium | 1,095 | B |
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| 13954 Sw 57 Ln | Condominium | 1,187 | B |
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| 14010 Sw 56 Ter | Condominium | 1,187 | B |
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| 14035 Sw 56 Ln | Condominium | 1,187 | B |
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| 14006 Sw 56 Ter | Condominium | 1,095 | B |
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Local Household Income
The median household income in this part of Florida is $62,439. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $147,645 per year. The top 1% earn more than $421,155 per year. Most renters earn between $32,616 (20th percentile) and $52,536 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,878 and $156,098.
The tax assessed value of this property places it in percentile 36 of all properties in this area. This suggests it would appeal to someone earning around $46,632 per year who should qualify for a mortgage between $93,264 and $116,580.
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 $1,333. Most renters earn between $2,718 and $4,378 per month. They typically spend 41% of their monthly income on rent. Most rents fall in the $1,064 (20th percentile) to $1,755 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 36 of all properties in this area. This corresponds to a rent of $1,208 per month and a monthly household income of $3,046 ($36,552 per year)
Nearby Companies
5621 Sw 139 Pl
13955 Sw 56 Terr
13945 Sw 56 Terrace
5673 Sw 142 Ave
14005 Sw 56 Terr
14031 Sw 56th Ter
13909 Sw 57th Ln
13909 Sw 57th Ln
13909 Sw 57 Lane
13909 Sw 57 Lane
13909 Sw 57 Ln
5716 Sw 140 Ave
5716 Sw 140 Ave
14524 Sw 56th Ter
13950 Sw 56 Ln
13940 Sw 56 Ln
5641 Sw 139th Pl
5631 Sw 139 Pl
5843 Sw 140 Ave