15653 Sw 85 Ter 220, 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 | |
|---|---|---|---|---|
| 15651 Sw 85 Ter 219 | Condominium | 948 | B |
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| 15652 Sw 85 Ter 317 | Condominium | 1,184 | B |
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| 15655 Sw 85 Ter 221 | Condominium | 948 | B |
|
| 15661 Sw 85 Ter 224 | Condominium | 1,660 | B |
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| 15649 Sw 85 Ter 218 | Condominium | 948 | B |
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| 15659 Sw 85 Ter 223 | Condominium | 1,660 | B |
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| 15657 Sw 85 Ter 222 | Condominium | 1,184 | B |
|
| 15642 Sw 85 Ter 205 | Condominium | 1,660 | B |
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| 15639 Sw 85 Ter 217 | Condominium | 948 | B |
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| 15640 Sw 85 Ter 206 | Condominium | 1,660 | B |
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| 15638 Sw 85 Ter 207 | Condominium | 1,660 | B |
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| 15665 Sw 85 Ter 226 | Condominium | 948 | B |
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| 15667 Sw 85 Ter 227 | Condominium | 948 | B |
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| 15663 Sw 85 Ter 225 | Condominium | 1,184 | B |
|
| 15633 Sw 85 Ter 303 | Condominium | 948 | B |
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| 15637 Sw 85 Ter 216 | Condominium | 948 | B |
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| 15636 Sw 85 Ter 204 | Condominium | 948 | B |
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| 15632 Sw 85 Ter 202 | Condominium | 948 | B |
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| 15634 Sw 85 Ter 203 | Condominium | 948 | B |
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| 15633 Sw 85 Ter 214 | Condominium | 948 | B |
|
| 15635 Sw 85 Ter 215 | Condominium | 948 | B |
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| 15671 Sw 85 Ter 229 | Condominium | 948 | B |
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| 15669 Sw 85 Ter 228 | Condominium | 948 | B |
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| 15631 Sw 85 Ter 213 | Condominium | 1,184 | B |
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| 15629 Sw 85 Ter 212 | Condominium | 1,184 | B |
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| 15630 Sw 85 Ter 201 | Condominium | 948 | B |
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| 15681 Sw 85 Ter 230 | Condominium | 1,500 | B |
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| 8613 Sw 156 Pl 312 | Condominium | 1,184 | B |
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| 8618 Sw 156 Pl 324 | Condominium | 948 | B |
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| 8591 Sw 156 Pl 320 | Condominium | 948 | B |
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| 8606 Sw 156 Pl 329 | Condominium | 948 | B |
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| 8610 Sw 156 Pl 327 | Condominium | 1,660 | B |
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| 8612 Sw 156 Pl 326 | Condominium | 1,660 | B |
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| 8608 Sw 156 Pl 328 | Condominium | 1,184 | B |
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| 8600 Sw 156 Pl 332 | Condominium | 948 | B |
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| 8614 Sw 156 Pl 323 | Condominium | 948 | B |
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| 8595 Sw 156 Pl 318 | Condominium | 948 | B |
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| 8616 Sw 156 Pl 322 | Condominium | 948 | B |
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| 8604 Sw 156 Pl 330 | Condominium | 948 | B |
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| 8611 Sw 156 Pl 313 | Condominium | 1,184 | B |
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| 8602 Sw 156 Pl 331 | Condominium | 948 | B |
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| 8589 Sw 156 Pl 321 | Condominium | 948 | B |
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| 8620 Sw 156 Pl 325 | Condominium | 948 | B |
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| 8609 Sw 156 Pl 314 | Condominium | 1,184 | B |
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| 8593 Sw 156 Pl 319 | Condominium | 948 | B |
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| 15620 Sw 85 Ter 124 | Condominium | 1,660 | B |
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| 15683 Sw 85 Ter 231 | Condominium | 1,500 | B |
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| 15687 Sw 85 Ter 233 | Condominium | 775 | B |
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| 15685 Sw 85 Ter 232 | Condominium | 1,184 | 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 21 of all properties in this area. This suggests it would appeal to someone earning around $30,234 per year who should qualify for a mortgage between $60,468 and $75,585.
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 21 of all properties in this area. This corresponds to a rent of $1,073 per month and a monthly household income of $2,749 ($32,988 per year)
Nearby Companies
15629 Sw 85th Ter
8470 Sw 156 Ct
8475 Sw 156 Ct
8475 Sw 156th Ct
15688 Sw 85 Lane
15684 Sw 85th Ln
15684 Sw 85th Ln
8450 Sw 156th Ct
8435 Sw 156th Ct
8523 Sw 157 Ct
8609 Sw 156 Place
8606 Sw 156 Place
8618 Sw 156 Place
15656 Sw 85 Terrace
15675 Sw 84 Terrace
15675 Sw 84 Terrace
15675 Sw 84 Th Ter