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 
12833 Sw 54 St Condominium 1,015 B
12825 Sw 54 St Condominium 1,015 B
12837 Sw 54 St Condominium 1,015 B
12821 Sw 54 St Condominium 1,015 B
12841 Sw 54 St Condominium 1,015 B
12817 Sw 54 St Condominium 1,015 B
5400 Sw 128 Ct Condominium 1,015 B
5403 Sw 128 Ct Condominium 1,015 B
12845 Sw 54 St Condominium 1,015 B
12813 Sw 54 St Condominium 1,015 B
5404 Sw 128 Ct Condominium 1,015 B
5403 Sw 128 Pl Condominium 1,015 B
5407 Sw 128 Ct Condominium 875 B
12809 Sw 54 St Condominium 1,015 B
12849 Sw 54 St Condominium 1,015 B
5402 Sw 128 Ave Condominium 1,015 B
12878 Sw 53 St Single Family 1,456 B
5408 Sw 128 Ct Condominium 1,015 B
12876 Sw 53 St Single Family 1,352 B
5407 Sw 128 Pl Condominium 1,015 B
5411 Sw 128 Ct Condominium 1,015 B
12880 Sw 53 St Single Family 1,435 B
12853 Sw 54 St Condominium 1,015 B
12805 Sw 54 St Condominium 1,015 B
5406 Sw 128 Ave Condominium 1,015 B
5411 Sw 128 Pl Condominium 1,015 B
5412 Sw 128 Ct Condominium 875 B
12874 Sw 53 St Single Family 1,617 B
12882 Sw 53 St Condominium 1,015 B
5410 Sw 128 Ave Condominium 1,015 B
5415 Sw 128 Ct Condominium 1,015 B
12857 Sw 54 St Condominium 1,015 B
12737 Sw 54 St Condominium 1,015 B
5415 Sw 128 Pl Condominium 1,015 B
12884 Sw 53 St Condominium 1,015 B
5416 Sw 128 Ct Condominium 1,015 B
5402 Sw 128 Pl Condominium 1,015 B
5414 Sw 128 Ave Condominium 1,015 B
5419 Sw 128 Ct Condominium 1,015 B
12861 Sw 54 St Condominium 1,015 B
12864 Sw 53 St Single Family 1,892 B
12886 Sw 53 St Condominium 1,015 B
5419 Sw 128 Pl Condominium 1,015 B
5401 Sw 128 Ave Condominium 1,015 B
12733 Sw 54 St Condominium 1,015 B
5418 Sw 128 Ave Condominium 1,015 B
5406 Sw 128 Pl Condominium 875 B
5405 Sw 128 Ave Condominium 1,015 B
12888 Sw 53 St Condominium 1,015 B

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 58 of all properties in this area. This suggests it would appeal to someone earning around $72,726 per year who should qualify for a mortgage between $145,452 and $181,815.

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 58 of all properties in this area. This corresponds to a rent of $1,411 per month and a monthly household income of $3,479 ($41,748 per year)

Nearby Companies

J & J Carrier Group Inc.
5510 Sw 128th Ave
Gship LLC
12733 Sw 54 St
Anarchy Media LLC
12729 Sw 54 St
Consumerproof LLC
12729 Sw 54 St
Farmtropical LLC
12729 Sw 54 St
Deep Playa LLC
12729 Sw 54 St
Deep Playa Records LLC
12729 Sw 54 St
Ml School Services Corp
5414 Sw 127 Pl
Jeslinx, Inc.
12821 Sw 54th St
Villablanca Tile, Inc.
5506 Sw 128 Ave
Smart Behavior Corp
5401 Sw 128 Ave
Jepa Home Health, Inc
12853 Sw 54th St
Ace Era, LLC
12829 Sw 54 St
Ldhome, Inc.
12829 Sw 54 St
Fampro Corp.
12904 Sw 53 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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