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 
5960 Sw 41 St Vacant Residential 1,002 L
5985 Sw 42 St Single Family 1,733 B
5973 Sw 42 St Single Family 1,069 B
5954 Sw 41 St Single Family 1,327 B
4120 Sw 60 Ct Single Family 1,281 B
4100 Sw 60 Ct Single Family 1,097 B
4140 Sw 60 Ct Single Family 1,680 B
5985 Sw 41 St Multi-family - less than 10 units 1,931 B
4060 Sw 60 Ct Single Family 1,729 B
5961 Sw 42 St Single Family 1,286 B
5973 Sw 41 St Single Family 2,078 B
5944 Sw 41 St Single Family 1,197 B
4160 Sw 60 Ct Single Family 1,208 B
5961 Sw 41 St Single Family 1,110 B
4040 Sw 60 Ct Single Family 1,928 B
5949 Sw 42 St Single Family 1,194 B
5932 Sw 41 St Single Family 983 B
5949 Sw 41 St Single Family 1,130 B
4180 Sw 60 Ct Single Family 1,593 B
4115 Sw 60 Pl Single Family 2,818 B
4020 Sw 60 Ct Single Family 1,097 B
4109 Sw 60 Pl Single Family 2,560 B
6030 Bird Rd Professional service building 1,926 B
4121 Sw 60 Pl Single Family 1,152 B
5935 Sw 42 St Single Family 1,193 A
5984 Sw 42 St Single Family 1,982 B
5972 Sw 42 St Single Family 1,553 B
6020 Bird Rd Office building, non-professional service building, one story 1,896 B
4041 Sw 60 Pl Single Family 2,186 B
5937 Sw 41 St Single Family 1,574 B
4155 Sw 60 Pl Single Family 1,758 B
4190 Sw 60 Ct Single Family 1,122 B
5924 Sw 41 St Single Family 983 B
5960 Sw 42 St Single Family 1,653 B
4000 Sw 60 Ct Professional service building 1,100 B
5925 Sw 42 St Single Family 1,094 B
6000 Bird Rd Office building, non-professional service building, one story 1,462 B
5948 Sw 42 St Single Family 1,957 B
5927 Sw 41 St Single Family 2,538 B
6080 Sw 40 St Professional service building 9,376 B
4195 Sw 60 Pl Single Family 1,524 B
5990 Bird Rd Professional service building 2,108 B
5916 Sw 41 St Single Family 1,344 B
5936 Sw 42 St Single Family 1,495 B
5917 Sw 42 St Single Family 2,044 B
5985 Sw 42 Ter Single Family 1,324 B
5973 Sw 42 Ter Single Family 1,913 B
5924 Sw 42 St Single Family 2,145 B
4200 Sw 60 Ct Single Family 1,852 B

Local Household Income

The median household income in this part of Florida is $77,610. The bottom 10% of the population earn less than $20,775 per year. The top 10% earn more than $310,335 per year. The top 1% earn more than $711,415 per year. Most renters earn between $30,924 (20th percentile) and $55,332 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $155,220 and $194,025.

The tax assessed value of this property places it in percentile 42 of all properties in this area. This suggests it would appeal to someone earning around $62,011 per year who should qualify for a mortgage between $124,022 and $155,028.

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 $1,209. Most renters earn between $2,577 and $4,611 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $947 (20th percentile) to $1,661 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 42 of all properties in this area. This corresponds to a rent of $1,129 per month and a monthly household income of $3,149 ($37,788 per year)

Nearby Companies

Miami Pediatric Care, LLC
6035 Sw 40th St
Drm Therapy LLC
6035 Bird Rd
Haland Enterprises, LLC
6035 Southwest 40th St
Cl Browning, LLC
4220 Sw 60th Ct
E P Building Corp.
4200 Sw 60 Ct
Casa Luxe Miami LLC
4115 Sw 60 Place
Airos Miami, LLC
4109 Sw 60th Pl
Ana L. Sigler, P.A.
6080 Sw 40 St
Dorbe Gardens Cotik, LLC
6080 Sw 40 St
Delphine Cotik, LLC
6080 Sw 40 St
6080, LLC
6080 Sw 40 St
High Marks Health, LLC
4024 Sw 60 Pl
Outboard Specialists LLC
5960 Sw 42 St
Reclaimed Earth, Inc.
5917 Sw 42nd St
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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