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 
827 Ne 87 St Single Family 792 C
801 Ne 87 St Single Family 1,215 B
8705 Ne 8 Ave Single Family 898 B
835 Ne 87 St Single Family 1,094 B
824 Ne 88 St Multi-family - less than 10 units 2,041 B
810 Ne 88 St Multi-family - less than 10 units 1,701 B
8700 Ne 8 Ct Single Family 1,566 B
836 Ne 88 St Multi-family - less than 10 units 2,022 B
800 Ne 88 St Multi-family - less than 10 units 1,800 B
8730 Ne 8 Ct Single Family 930 B
791 Ne 87 St Single Family 1,130 B
796 Ne 88 St Single Family 1,408 B
8701 Ne 8 Ct Multi-family - less than 10 units 2,517 C
817 Ne 88 St Single Family 1,761 B
787 Ne 87 St Single Family 2,706 B
801 Ne 88 St Government Undefined 0 L
835 Ne 88 St Multi-family - less than 10 units 1,851 B
829 Ne 86 St Public county school 96,188 B
851 Ne 88 St Single Family 1,327 B
8629 Ne 8 Ct Single Family 1,318 C
884 Ne 88 St Multi-family - less than 10 units 2,773 C
861 Ne 88 St Single Family 1,651 B
774 Ne 88 St Single Family 1,653 B
8810 Ne 8 Ct Single Family 489 B
757 Ne 88 St Single Family 1,302 B
8819 Ne 8 Ave Government Undefined 0 L
769 Ne 87 St Single Family 1,500 B
8625 Ne 8 Ct Multi-family - less than 10 units 1,619 C
8801 Ne 8 Ct Multi-family - less than 10 units 4,090 B
8820 Ne 8 Ct Single Family 1,137 B
755 Ne 88 St Single Family 1,303 B
895 Ne 87 St Multi-family - less than 10 units 2,144 B
759 Ne 87 St Single Family 1,458 B
760 Ne 88 St Single Family 1,839 B
753 Ne 88 St Single Family 1,533 B
8830 Ne 8 Ct Single Family 798 C
890 Ne 87 St Vacant Residential 0 L
881 Ne 88 St Single Family 1,632 C
8615 Ne 8 Ct Single Family 1,820 C
910 Ne 87 St Vacant Residential 0 L
751 Ne 88 St Single Family 1,970 B
898 Ne 88 St Multi-family - less than 10 units 2,072 C
8601 Ne 8 Ct Single Family 1,707 C
8850 Ne 8 Ct Vacant Residential 0 L
830 Ne 89 St Vacant Residential 384 L
753 Ne 87 St Single Family 1,890 B
740 Ne 88 St Single Family 1,437 B
830 Ne 86 St Multi-family - less than 10 units 1,830 C
834 Ne 86 St Multi-family - less than 10 units 2,182 B

Local Household Income

The median household income in this part of Florida is $46,930. The bottom 10% of the population earn less than $15,179 per year. The top 10% earn more than $139,950 per year. The top 1% earn more than $671,300 per year. Most renters earn between $26,412 (20th percentile) and $47,304 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $93,860 and $117,325.

The tax assessed value of this property places it in percentile 38 of all properties in this area. This suggests it would appeal to someone earning around $36,301 per year who should qualify for a mortgage between $72,602 and $90,753.

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 $1,056. Most renters earn between $2,201 and $3,942 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $826 (20th percentile) to $1,443 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 38 of all properties in this area. This corresponds to a rent of $967 per month and a monthly household income of $2,609 ($31,308 per year)

Nearby Companies

Emtk Productions, LLC
817 Ne 88th St
Lebron James Services Inc
8701 Ne 8 Court
Ocean Grown Charters LLC
898 Ne 88th St
Area 305 Properties, LLC
780 Ne 88th St
Brainwave360 LLC
780 Ne 88th St
Neuro360 Corp
780 Ne 88th St
Esmovit LLC
753 Ne 87th 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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