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 
7355 Sw 87 Ave 1-A Office building, non-professional service building, multi-story 1,536 B
7355 Sw 87 Ave 1-C Office building, non-professional service building, multi-story 1,536 B
7355 Sw 87 Ave 1-B Office building, non-professional service building, multi-story 1,536 B
7385 Sw 87 Ave 2-D Office building, non-professional service building, multi-story 1,536 B
7385 Sw 87 Ave 2-B Office building, non-professional service building, multi-story 1,536 B
7385 Sw 87 Ave 2-A Office building, non-professional service building, multi-story 1,536 B
7385 Sw 87 Ave 2-C Office building, non-professional service building, multi-story 1,536 B
7315 Sw 87 Ave 3a Office building, non-professional service building, multi-story 2,072 B
7315 Sw 87 Ave 3c Office building, non-professional service building, multi-story 1,536 B
7315 Sw 87 Ave 3b Office building, non-professional service building, multi-story 2,498 B
8695 Sw 74 Ter Single Family 3,469 B
8600 Sw 73 St Single Family 3,416 B
7230 Sw 86 Ave Single Family 4,530 B
8655 Sw 74 Ter Single Family 3,256 B
7245 Sw 87 Ave 4b Office building, non-professional service building, multi-story 1,536 B
7245 Sw 87 Ave 4a Office building, non-professional service building, multi-story 1,536 B
7245 Sw 87 Ave 4c Office building, non-professional service building, multi-story 1,536 B
7245 Sw 87 Ave 4d Office building, non-professional service building, multi-story 1,536 B
7300 Sw 87 Ave Store, one story 80,258 B
8602 Sw 74 St Single Family 3,117 B
8690 Sw 72 St Store, one story 13,131 B
8690 Sw 74 Ter Single Family 3,069 B
8700 Sunset Dr Service station 3,535 B
7210 Sw 86 Ave Single Family 3,303 B
7400 Sw 87 Ave Professional service building 33,849 B
7235 Sw 86 Ave Single Family 3,168 B
8605 Sw 74 Ter Multi-family - less than 10 units 5,186 B
7435 Sw 86 Ct Single Family 3,557 B

Local Household Income

The median household income in this part of Florida is $56,410. The bottom 10% of the population earn less than $18,731 per year. The top 10% earn more than $141,318 per year. The top 1% earn more than $389,679 per year. Most renters earn between $28,284 (20th percentile) and $45,348 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,820 and $141,025.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$26,865
$53,731
$80,596
$107,461
$56,410

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 $1,290. Most renters earn between $2,357 and $3,779 per month. They typically spend 45% of their monthly income on rent. Most rents fall in the $1,001 (20th percentile) to $1,701 (80th percentile) range. The residential vacancy rate is 5%.

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$195
$1,536
$2,877
$4,217
$5,558
$2,911
$1,290

Nearby Companies

F.P.I. Investments, Inc.
7245 Sw 87 Ave
Legacy Building Corp.
7245 Sw 87 Ave
We Am Gumby, LLC
7245 Sw 87 Avenue Suite 300
Cdd Partners, Ltd.
7385 Galloway Road Ste 200
Cdd Management, Inc.
7385 Galloway Road Ste 200
Changing Perspectives, LLC
7385 Sw 87th Ave
Triple D Investments, L.L.C.
7385 Sw 87 Ave Ste 200
Groves & Verona, P.A.
7385 Southwest 87th Ave
Norlou, LLC
7385 Galloway Rd
1111 Partners, LLC
7385 Galloway Rd
Hard Day'S Night, LLC
7385 Galloway Rd
Crescent Tide Holdings, LLC
7385 Galloway Rd
1307 Green Cove, LLC
7385 Galloway Rd
Lb Ventures, LLC
7385 Galloway Rd
12120, LLC
7385 Galloway Rd
Gainesville 1982, LLC
7385 Galloway Rd
Dd Ventures, LLC
7385 Galloway Rd
Cd Realty, LLC
7385 Galloway Rd
Dd Financial, LLC
7385 Galloway Rd
D&L Vintage, LLC
7385 Galloway Rd
Enzl, LLC
7385 Galloway Rd
Cove Lakes Rayos, LLC
7385 Galloway Rd
760 Se 2nd Avenue, LLC
7385 Galloway Rd
Tsm Ventures, LLC
7385 Galloway Rd
Mc Boston, LLC
7385 Galloway Rd
Two Crows Ranch, LLC
7385 Galloway Rd
Biteme, LLC
7385 Galloway Rd
R&R Capital Partners, LLC
7385 Galloway Rd
R&R Enterprise Partners, LLC
7385 Galloway Rd
Dumbarton, LLC
7385 Galloway Rd
6422 Leslie Street, LLC
7385 Galloway Rd
6953 South Atlantic Ave, LLC
7385 Galloway Rd
Delray Investments, LLC
7385 Galloway Rd
Yc Eglise, LLC
7385 Galloway Rd
Omicron Investment Group Ii, LLC
7385 Galloway Rd Ste 200
Muller & Lebensburger, P.A.
7385 Galloway Rd Ste 200
Perlmeter Family Foundation, Inc.
7385 Sw 87th Ave Ste 200
Paul Morris, P.A.
7385 Sw 87th Ave
Marilyn J.W. Cesarano, P.A.
7385 Sw 87th Ave
Addigy, Inc.
7315 Sw 87th Ave
Gigi Investments, Inc.
7315 Sw 87th Ave
Armando A. Brana P.A.
7315 Sw 87 Avenue
R2r Financial LLC
7235 Sw 86 Ave
Oak Ridge Condos LLC
7245 Sw 87 Avenue
Aaa Ranch, Inc.
7245 Sw 87 Ave
Gabriel M. Sanchez, P.A.
7245 Sw 87 Avenue
Cambridge Apartments, LLC
7245 Sw 87th Ave
Mara Realty Investment LLC
7245 Sw 87th Ave
Sono Moves, LLC
7500 Sw 87th Ave
Diagnostic Center For Women, LLC
7500 Sw 87th Ave Ste 100
Mec 2 Corp.
7500 Sw 87th Ave
Odyssey Group, LLC
7450 Sw 86th Ct
Hg Holdings, LLC
7450 Sw 86th Ct
Westchester1710, LLC
7450 Sw 86th 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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