13786 Sw 116 Ter, 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 | |
|---|---|---|---|---|
| 13780 Sw 116 Ter | Condominium | 1,928 | B |
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| 13792 Sw 116 Ter | Condominium | 1,928 | B |
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| 11655 Sw 138 Ave | Condominium | 1,732 | B |
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| 13774 Sw 116 Ter | Condominium | 2,101 | B |
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| 11654 Sw 137 Path | Condominium | 1,928 | B |
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| 11665 Sw 138 Ave | Condominium | 2,101 | B |
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| 13768 Sw 116 Ter | Condominium | 1,732 | B |
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| 11664 Sw 137 Path | Condominium | 2,101 | B |
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| 11675 Sw 138 Ave | Condominium | 1,928 | B |
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| 11615 Sw 138 Ave | Condominium | 1,928 | B |
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| 11674 Sw 137 Path | Condominium | 1,928 | B |
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| 11685 Sw 138 Ave | Condominium | 2,101 | B |
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| 11605 Sw 138 Ave | Condominium | 2,101 | B |
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| 13779 Sw 116 Ter | Condominium | 1,928 | B |
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| 11684 Sw 137 Path | Condominium | 2,101 | B |
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| 13773 Sw 116 Ter | Condominium | 2,101 | B |
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| 11695 Sw 138 Ave | Condominium | 1,928 | B |
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| 11585 Sw 138 Ave | Condominium | 1,928 | B |
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| 13767 Sw 116 Ter | Condominium | 1,928 | B |
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| 11694 Sw 137 Path | Condominium | 1,732 | B |
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| 11575 Sw 138 Ave | Condominium | 2,101 | B |
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| 13778 Sw 115 Ln | Condominium | 2,101 | B |
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| 13772 Sw 115 Ln | Condominium | 1,928 | B |
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| 11653 Sw 137 Path | Condominium | 1,928 | B |
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| 11643 Sw 137 Path | Condominium | 2,101 | B |
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| 11705 Sw 138 Ave | Condominium | 1,928 | B |
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| 11663 Sw 137 Path | Condominium | 2,101 | B |
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| 11633 Sw 137 Path | Condominium | 1,928 | B |
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| 11704 Sw 137 Path | Condominium | 2,101 | B |
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| 11565 Sw 138 Ave | Condominium | 1,732 | B |
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| 13766 Sw 115 Ln | Condominium | 2,101 | B |
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| 13760 Sw 115 Ln | Condominium | 1,928 | B |
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| 11715 Sw 138 Ave | Condominium | 1,732 | B |
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| 11714 Sw 137 Path | Condominium | 1,928 | B |
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| 13770 Sw 116 Ln | Condominium | 2,101 | B |
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| 13750 Sw 116 Ter | Condominium | 1,732 | B |
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| 11725 Sw 138 Ave | Condominium | 1,928 | B |
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| 13749 Sw 116 Ter | Condominium | 1,928 | B |
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| 13751 Sw 116 Ln | Condominium | 1,928 | B |
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| 11724 Sw 137 Path | Condominium | 1,732 | B |
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| 13764 Sw 116 Ln | Condominium | 1,928 | B |
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| 13744 Sw 116 Ter | Condominium | 2,101 | B |
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| 13743 Sw 116 Ter | Condominium | 2,101 | B |
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| 11735 Sw 138 Ave | Condominium | 1,732 | B |
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| 13745 Sw 116 Ln | Condominium | 2,101 | B |
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| 11734 Sw 137 Path | Condominium | 1,928 | B |
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| 13758 Sw 116 Ln | Condominium | 2,101 | B |
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| 11703 Sw 137 Path | Condominium | 1,732 | B |
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| 11554 Sw 137 Psge | Condominium | 2,292 | B |
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Local Household Income
The median household income in this part of Florida is $68,549. The bottom 10% of the population earn less than $21,010 per year. The top 10% earn more than $161,932 per year. The top 1% earn more than $467,603 per year. Most renters earn between $34,968 (20th percentile) and $56,340 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $137,098 and $171,373.
The tax assessed value of this property places it in percentile 67 of all properties in this area. This suggests it would appeal to someone earning around $94,387 per year who should qualify for a mortgage between $188,774 and $235,968.
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 $1,340. Most renters earn between $2,914 and $4,695 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $1,044 (20th percentile) to $1,722 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 67 of all properties in this area. This corresponds to a rent of $1,506 per month and a monthly household income of $4,032 ($48,384 per year)
Nearby Companies
11723 Sw 137 Path
11702 Sw 137 Pl
11702 Sw 137 Pl
11702 Sw 137 Pl
13758 Sw 116 Ln
13770 Sw 116th Ln
13770 Sw 116th Ln
13739 Sw 116 Lane
13758 Sw 116 Lane
13758 Sw 116 Lane
13729 Sw 115th Ln
13772 Sw 115 Lane
13778 Sw 115 Lane
13765 Sw 115th Ln
13765 Sw 115 Ln
13759 Sw 115 Lane
13780 Sw 116 Terrace
13738 Sw 116 Terrace
11713 Sw 137th Path