16222 Sw 92 Ave 13, Palmetto Bay
Miami-Dade County Real Estate - Key Biscayne
Key Biscayne is in South East Florida. It's population as recorded in the 2010 Census was 12,344. Key Biscayne is approximately 8 miles from Miami (population 399,457) and around 13 miles from Hialeah (population 224,669).
The median age for residents of Key Biscayne is 41.8. Around 38.4% of Key Biscayne households include school aged children and 32.9% of households include individuals aged 65 years or over. Census records indicate 96.1% of the Key Biscayne population are White, .4% are Black or African American, .1% American Indian, 1% Asian and 1.2% are Two or more Races. Key Biscayne has a significant Hispanic population. 61.5% (7,602) of Key Biscayne residents are of Hispanic or Latino origin. Of these 6.7% are of Mexican origin, 2.52% Puerto Rican, 26.97% Cuban and 63.78% are of other Hispanic or Latino origin.
There are 7,072 housing units in Key Biscayne. 2,368 (33.4%) of these were reported as vacant in the 2010 Census. Key Biscayne is a tourist destination, 80% (1,896) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,678 residential rental units in Key Biscayne. 1,456 of them were occupied in 2010 providing a residential rental vacancy rate of 12.3%.
Key Biscayne 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 | |
|---|---|---|---|---|
| 16230 Sw 92 Ave 5 | Condominium | 1,667 | B |
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| 16216 Sw 92 Ave 16 | Condominium | 1,421 | B |
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| 16224 Sw 92 Ave 12 | Condominium | 1,421 | B |
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| 16244 Sw 92 Ave 3 | Condominium | 1,445 | B |
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| 16226 Sw 92 Ave 11 | Condominium | 1,421 | B |
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| 16234 Sw 92 Ave 7 | Condominium | 1,421 | B |
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| 16238 Sw 92 Ave 9 | Condominium | 1,667 | B |
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| 16246 Sw 92 Ave 4 | Condominium | 1,548 | B |
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| 16220 Sw 92 Ave 14 | Condominium | 1,667 | B |
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| 16218 Sw 92 Ave 15 | Condominium | 1,667 | B |
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| 16240 Sw 92 Ave 1 | Condominium | 1,548 | B |
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| 16236 Sw 92 Ave 8 | Condominium | 1,421 | B |
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| 16232 Sw 92 Ave 6 | Condominium | 1,421 | B |
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| 16202 Sw 92 Ave 23 | Condominium | 1,421 | B |
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| 16212 Sw 92 Ave 18 | Condominium | 1,421 | B |
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| 16214 Sw 92 Ave 17 | Condominium | 1,421 | B |
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| 16200 Sw 92 Ave 24 | Condominium | 1,667 | B |
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| 16204 Sw 92 Ave 22 | Condominium | 1,421 | B |
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| 16210 Sw 92 Ave 19 | Condominium | 1,667 | B |
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| 16206 Sw 92 Ave 21 | Condominium | 1,421 | B |
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| 16208 Sw 92 Ave 20 | Condominium | 1,667 | B |
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| 9163 Sw 163 Ter | Single Family | 2,987 | A |
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| 16350 Sw 92 Ct | Single Family | 3,978 | A |
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| 16250 Sw 91 Ct | Single Family | 2,987 | A |
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| 9134 Sw 163 Ter | Single Family | 2,141 | B |
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| 16240 Sw 91 Ct | Single Family | 2,563 | A |
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| 9143 Sw 163 Ter | Single Family | 2,563 | A |
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| 16360 Sw 92 Ct | Single Family | 2,090 | B |
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| 9124 Sw 163 Ter | Single Family | 2,193 | B |
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| 16230 Sw 91 Ct | Single Family | 2,141 | A |
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| 16351 Sw 92 Ct | Single Family | 2,361 | B |
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| 9131 Sw 164 St | Single Family | 1,814 | B |
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| 9123 Sw 163 Ter | Single Family | 2,708 | A |
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| 16220 Sw 91 Ct | Single Family | 2,987 | A |
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| 16370 Sw 92 Ct | Single Family | 1,725 | B |
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| 9114 Sw 163 Ter | Single Family | 2,231 | B |
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| 9131 Sw 162 Ln | Single Family | 2,708 | A |
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| 9121 Sw 164 St | Single Family | 1,623 | B |
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| 16361 Sw 92 Ct | Single Family | 2,283 | B |
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| 16210 Sw 91 Ct | Single Family | 2,708 | A |
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| 9121 Sw 162 Ln | Single Family | 2,141 | A |
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| 9104 Sw 163 Ter | Single Family | 1,903 | B |
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| 9130 Sw 162 St | Single Family | 2,708 | B |
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| 9111 Sw 164 St | Single Family | 2,031 | B |
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| 9103 Sw 163 Ter | Single Family | 2,987 | A |
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| 16371 Sw 92 Ct | Single Family | 1,972 | B |
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| 9111 Sw 162 Ln | Single Family | 2,970 | A |
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| 16200 Sw 91 Ct | Single Family | 2,970 | A |
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| 9120 Sw 162 St | Single Family | 2,563 | A |
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Local Household Income
The median household income in this part of Florida is $93,333. The bottom 10% of the population earn less than $26,702 per year. The top 10% earn more than $344,964 per year. The top 1% earn more than $765,737 per year. Most renters earn between $34,464 (20th percentile) and $73,464 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $186,666 and $233,333.
The tax assessed value of this property places it in percentile 40 of all properties in this area. This suggests it would appeal to someone earning around $76,564 per year who should qualify for a mortgage between $153,128 and $191,410.
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 $1,158. Most renters earn between $2,872 and $6,122 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $881 (20th percentile) to $1,776 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 40 of all properties in this area. This corresponds to a rent of $1,071 per month and a monthly household income of $3,392 ($40,704 per year)
Nearby Companies
15908 Sw 92 Ave
15940 Sw 92 Ave
15924 Sw 92 Ave
15924 Sw 92 Ave
15924 Sw 92 Ave
15924 Sw 92 Ave
15924 Sw 92 Ave
15944 Sw 92nd Ave
16232 Sw 92 Avenue
16232 Sw 92 Avenue
16232 Sw 92 Avenue
16232 Sw 92 Avenue
16232 Sw 92 Avenue
16232 Sw 92 Avenue
16210 Sw 91 Ct
16240 Sw 91 Ct
16240 Sw 91 Ct
16240 Sw 91 Court
16230 Sw 92nd Ave
9120 Sw 162nd St
9120 Sw 162 Street
16351 Sw 92 Ct
16371 Sw 92 Court