12497 Sw 123 Ter, 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 | |
|---|---|---|---|---|
| 12491 Sw 123 Ter | Condominium | 1,652 | B |
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| 12485 Sw 123 Ter | Condominium | 1,452 | B |
|
| 12496 Sw 123 St | Condominium | 1,452 | B |
|
| 12479 Sw 123 Ter | Condominium | 1,793 | B |
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| 12490 Sw 123 St | Condominium | 1,652 | B |
|
| 12484 Sw 123 St | Condominium | 1,793 | B |
|
| 12473 Sw 123 Ter | Condominium | 1,652 | B |
|
| 12478 Sw 123 St | Condominium | 1,452 | B |
|
| 12472 Sw 123 St | Condominium | 1,652 | B |
|
| 12467 Sw 123 Ter | Condominium | 1,452 | B |
|
| 12322 Sw 124 Path | Condominium | 1,652 | B |
|
| 12318 Sw 124 Path | Condominium | 1,452 | B |
|
| 12326 Sw 124 Path | Condominium | 1,185 | B |
|
| 12314 Sw 124 Path | Condominium | 1,793 | B |
|
| 12310 Sw 124 Path | Condominium | 1,452 | B |
|
| 12466 Sw 123 St | Condominium | 1,185 | B |
|
| 12333 Sw 124 Path | Condominium | 1,185 | B |
|
| 12306 Sw 124 Path | Condominium | 1,652 | B |
|
| 12302 Sw 124 Path | Condominium | 1,793 | B |
|
| 12343 Sw 124 Path | Condominium | 1,652 | B |
|
| 12461 Sw 123 Ter | Condominium | 1,185 | B |
|
| 12460 Sw 123 St | Condominium | 1,793 | B |
|
| 12334 Sw 124 Path | Condominium | 1,793 | B |
|
| 12353 Sw 124 Path | Condominium | 1,452 | B |
|
| 12455 Sw 123 Ter | Condominium | 1,652 | B |
|
| 12323 Sw 125 Ct | Condominium | 1,652 | B |
|
| 12319 Sw 125 Ct | Condominium | 1,452 | B |
|
| 12327 Sw 125 Ct | Condominium | 1,793 | B |
|
| 12315 Sw 125 Ct | Condominium | 1,793 | B |
|
| 12311 Sw 125 Ct | Condominium | 1,452 | B |
|
| 12454 Sw 123 St | Condominium | 1,652 | B |
|
| 12344 Sw 124 Path | Condominium | 1,652 | B |
|
| 12307 Sw 125 Ct | Condominium | 1,652 | B |
|
| 12262 Sw 124 Path | Condominium | 1,185 | B |
|
| 12363 Sw 124 Path | Condominium | 1,809 | B |
|
| 12449 Sw 123 Ter | Condominium | 1,452 | B |
|
| 12495 Sw 123 St | Condominium | 1,185 | B |
|
| 12303 Sw 125 Ct | Condominium | 1,185 | B |
|
| 12489 Sw 123 St | Condominium | 1,652 | B |
|
| 12354 Sw 124 Path | Condominium | 1,452 | B |
|
| 12483 Sw 123 St | Condominium | 1,452 | B |
|
| 12448 Sw 123 St | Condominium | 1,452 | B |
|
| 12252 Sw 124 Path | Condominium | 1,652 | B |
|
| 12477 Sw 123 St | Condominium | 1,793 | B |
|
| 12373 Sw 124 Path | Condominium | 1,652 | B |
|
| 12335 Sw 125 Ct | Condominium | 1,185 | B |
|
| 12443 Sw 123 Ter | Condominium | 1,793 | B |
|
| 12475 Sw 124 St | Condominium | 1,185 | B |
|
| 12471 Sw 123 St | Condominium | 1,652 | B |
|
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 59 of all properties in this area. This suggests it would appeal to someone earning around $81,410 per year who should qualify for a mortgage between $162,820 and $203,525.
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 59 of all properties in this area. This corresponds to a rent of $1,425 per month and a monthly household income of $3,828 ($45,936 per year)
Nearby Companies
12446 Sw 122 Street
12454 Sw 123th St
12426 Sw 122 Street
12426 Sw 122 Street
12428 Sw 123 St
12201 Sw 124th Ct
12251 Sw 124 Ct
12325 Sw 124 Court
12325 Sw 124th Ct
12325 Sw 124th Ct
12342 Sw 124th Ct
12342 Sw 124th Ct
12352 Sw 124th Ct
12381 Sw 124 Court
12381 Sw 124th Ct
12311 Sw 125th Ct
12405 Sw 125 Ct
12405 Sw 125 Ct
12252 Sw 124 Path
12191 Sw 125 Ct
12488 Sw 122nd St
12482 Sw 122 Street
12482 Sw 122nd St
12183 Sw 124th Path
12190 Sw 124th Path
12190 Sw 124th Path