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 
3020 Sw 57 Ave Single Family 1,622 B
5722 Sw 30 St Single Family 2,098 B
3030 Sw 57 Ave Single Family 1,256 B
1560 Catalonia Ave Single Family 1,825 A
5730 Sw 30 St Single Family 1,865 B
5701 Sw 30 St Single Family 4,542 B
5711 Sw 31 St Single Family 1,710 B
1565 Malaga Ave Single Family 2,109 A
1556 Catalonia Ave Single Family 1,877 A
3040 Sw 57 Ave Single Family 1,132 B
5745 Sw 30 St Single Family 2,041 B
5740 Sw 30 St Single Family 1,680 B
5721 Sw 31 St Single Family 1,777 B
1561 Catalonia Ave Single Family 3,072 A
1550 Catalonia Ave Single Family 1,838 A
1553 Malaga Ave Single Family 2,933 A
2929 Sw 57 Ct Single Family 1,119 B
5731 Sw 31 St Single Family 1,372 B
5748 Sw 30 St Single Family 1,271 B
2912 Red Rd Single Family 1,580 B
1560 Malaga Ave Single Family 2,498 A
1560 Palermo Ave Single Family 1,869 A
1551 Malaga Ave Single Family 2,127 A
5747 Sw 31 St Single Family 2,104 B
1546 Catalonia Ave Single Family 1,970 A
2917 Sw 57 Ct Single Family 1,399 B
1549 Catalonia Ave Single Family 2,053 A
1556 Palermo Ave Single Family 1,822 A
5760 Sw 30 St Single Family 1,590 B
5700 Sw 31 St Single Family 2,005 B
2904 Sw 57 Ave Single Family 1,301 B
1545 Malaga Ave Single Family 2,518 A
5726 Sw 31 St Single Family 1,469 B
5759 Sw 30 St Single Family 2,004 B
1550 Malaga Ave Single Family 2,846 A
1552 Palermo Ave Single Family 2,869 B
2905 Sw 57 Ct Vacant Residential 0 L
5736 Sw 31 St Single Family 1,286 B
1561 Saragossa Ave Single Family 3,300 A
2928 Sw 57 Ct Single Family 1,554 B
5773 Sw 31 St Single Family 2,176 B
1541 Malaga Ave Single Family 2,609 A
5772 Sw 30 St Single Family 1,317 B
1540 Catalonia Ave Single Family 1,973 A
1557 Saragossa Ave Single Family 1,874 A
3134 Sw 57 Ave Single Family 1,869 B
5748 Sw 31 St Single Family 1,277 B
2840 Sw 57 Ave Single Family 1,252 B
2920 Sw 57 Ct Single Family 1,615 B

Local Household Income

The median household income in this part of Florida is $77,610. The bottom 10% of the population earn less than $20,775 per year. The top 10% earn more than $310,335 per year. The top 1% earn more than $711,415 per year. Most renters earn between $30,924 (20th percentile) and $55,332 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $155,220 and $194,025.

The tax assessed value of this property places it in percentile 27 of all properties in this area. This suggests it would appeal to someone earning around $40,585 per year who should qualify for a mortgage between $81,170 and $101,463.

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 $1,209. Most renters earn between $2,577 and $4,611 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $947 (20th percentile) to $1,661 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 27 of all properties in this area. This corresponds to a rent of $996 per month and a monthly household income of $2,753 ($33,036 per year)

Nearby Companies

Luly Tester Interiors Inc.
5758 Sw 31st St
Prima Medical, LLC
5726 Sw 31st St
Prima Medical Holdings LLC
5726 Sw 31st St
Sian Management Corp.
5726 Sw 31st St
Contrails Management LLC
5701 Sw 30 St
Daniel Perera, Pa
5721 Sw 31st St
Pamsa Corp.
1561 Palermo Ave
Casa 82, Corp.
1561 Palermo Ave
Alsar Construction, Corp
1561 Palermo Ave
Globusmart LLC
1565 Malaga Ave
Matis Associates, LLC
1552 Palermo Ave
Lu Events, LLC
1550 Catalonia Ave
Gems 4 Jewels LLC
1542 Malaga Ave
El Batiel Investments LLC
1542 Malaga Ave
Agritellus Investments LLC
1542 Malaga Ave
Carmonex LLC
1549 Catalonia Ave
Lola'S Consulting Company, Inc.
5756 Devonshire Blvd
Disclaimers and Disclosures

Public Records Data

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