10957 Sw 73 Ter, Unincorporated County
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%.
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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 | |
|---|---|---|---|---|
| 10958 Sw 73 St | Single Family | 1,554 | B |
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| 10961 Sw 73 Ter | Single Family | 1,554 | B |
|
| 7371 Sw 109 Path | Single Family | 1,554 | B |
|
| 10962 Sw 73 St | Single Family | 1,554 | B |
|
| 7312 Sw 109 Ct | Single Family | 1,703 | B |
|
| 10968 Sw 73 Ter | Single Family | 1,571 | B |
|
| 7322 Sw 109 Ct | Single Family | 1,299 | B |
|
| 7302 Sw 109 Ct | Single Family | 1,571 | B |
|
| 10969 Sw 73 Ter | Single Family | 1,554 | B |
|
| 10970 Sw 73 St | Single Family | 1,571 | B |
|
| 7381 Sw 109 Path | Single Family | 1,554 | B |
|
| 10960 Sw 73 Ter | Single Family | 1,554 | B |
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| 10969 Sw 74 St | Single Family | 1,571 | B |
|
| 10957 Sw 73 St | Single Family | 1,299 | B |
|
| 10961 Sw 73 St | Single Family | 1,964 | B |
|
| 7275 Sw 109 Pl | Single Family | 1,964 | B |
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| 7311 Sw 109 Ct | Single Family | 1,571 | B |
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| 10961 Sw 74 St | Single Family | 1,554 | B |
|
| 10977 Sw 73 Ter | Single Family | 1,964 | B |
|
| 7341 Sw 109 Ct | Single Family | 1,554 | B |
|
| 10978 Sw 73 St | Single Family | 1,964 | B |
|
| 7321 Sw 109 Ct | Single Family | 1,964 | B |
|
| 7370 Sw 109 Path | Single Family | 1,964 | B |
|
| 10962 Sw 74 St | Single Family | 1,964 | B |
|
| 7254 Sw 109 Pl | Single Family | 2,536 | B |
|
| 7381 Sw 109 Ct | Single Family | 1,571 | B |
|
| 7301 Sw 109 Ct | Single Family | 1,964 | B |
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| 10939 Sw 73 St | Single Family | 1,554 | B |
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| 10970 Sw 74 St | Single Family | 1,964 | B |
|
| 7361 Sw 109 Ct | Single Family | 2,488 | B |
|
| 7266 Sw 109 Path | Single Family | 1,964 | B |
|
| 7380 Sw 109 Path | Single Family | 1,964 | B |
|
| 7255 Sw 109 Pl | Single Family | 1,299 | B |
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| 10978 Sw 74 St | Single Family | 1,964 | B |
|
| 7234 Sw 109 Pl | Single Family | 1,571 | B |
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| 10958 Sw 72 Ter | Single Family | 1,554 | B |
|
| 10931 Sw 73 St | Single Family | 1,571 | B |
|
| 7390 Sw 109 Path | Single Family | 1,964 | B |
|
| 7260 Sw 109 Path | Single Family | 1,964 | B |
|
| 10962 Sw 72 Ter | Single Family | 1,554 | B |
|
| 7473 Sw 109 Pl | Condominium | 1,336 | B |
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| 10957 Sw 75 St | Condominium | 1,336 | B |
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| 7469 Sw 109 Pl | Condominium | 1,336 | B |
|
| 10986 Sw 74 St | Single Family | 1,964 | B |
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| 7235 Sw 109 Pl | Single Family | 1,052 | B |
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| 10953 Sw 75 St | Condominium | 1,216 | B |
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| 10975 Sw 75 St | Condominium | 1,336 | B |
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| 10949 Sw 75 St | Condominium | 1,011 | B |
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| 7477 Sw 109 Pl | Condominium | 1,216 | B |
|
Local Household Income
The median household income in this part of Florida is $84,369. The bottom 10% of the population earn less than $23,412 per year. The top 10% earn more than $246,527 per year. The top 1% earn more than $657,024 per year. Most renters earn between $37,968 (20th percentile) and $61,836 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $168,738 and $210,923.
The tax assessed value of this property places it in percentile 44 of all properties in this area. This suggests it would appeal to someone earning around $75,114 per year who should qualify for a mortgage between $150,228 and $187,785.
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 $1,313. Most renters earn between $3,164 and $5,153 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $1,011 (20th percentile) to $1,715 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 44 of all properties in this area. This corresponds to a rent of $1,262 per month and a monthly household income of $3,818 ($45,816 per year)
Nearby Companies
10975 Sw 72nd Ter
10962 Sw 72 Terrace
10962 Sw 72 Terrace
10951 Sw 72 Terrace
7254 Sw 109th Pl
7380 Sw 109th Path
7380 Sw 109th Path
10962 Sw 74th St
10977 Sw 73 Terr
10960 Sw 73 Terrace
7502 Sw 109th Pl
10991 Sw 75 St
10945 Sw 75 St
7381 Sw 109 Ct