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 
11924 Sw 79 Ter Single Family 2,357 C
7965 Sw 119 Rd Single Family 1,935 C
7995 Sw 119 Rd Single Family 2,283 C
7935 Sw 119 Rd Single Family 2,130 C
11920 Sw 79 Ter Single Family 2,715 C
7925 Sw 119 Rd Single Family 2,098 C
7839 Sw 119 Pl Single Family 2,983 C
11916 Sw 79 Ter Single Family 2,715 C
7905 Sw 119 Rd Single Family 2,153 C
7835 Sw 119 Pl Single Family 2,715 C
11934 Sw 79 Ter Single Family 2,406 C
11912 Sw 79 Ter Single Family 2,357 C
11851 Sw 80 Ter Condominium 2,050 B
11919 Sw 79 Ter Single Family 2,715 C
7885 Sw 119 Rd Single Family 2,245 C
11859 Sw 80 Ter Condominium 1,800 B
7831 Sw 119 Pl Single Family 2,357 C
11935 Sw 79 Ter Single Family 2,153 C
11936 Sw 79 Ter Single Family 2,464 C
11867 Sw 80 Ter Condominium 2,050 B
11915 Sw 79 Ter Single Family 2,357 C
8033 Sw 118 Ct Condominium 2,050 B
7855 Sw 119 Rd Single Family 2,001 C
11937 Sw 79 Ter Single Family 2,685 C
7827 Sw 119 Pl Single Family 2,983 C
8041 Sw 118 Ct Condominium 1,800 B
11911 Sw 79 Ter Single Family 2,983 C
11875 Sw 80 Ter Condominium 2,050 B
11800 Sw 80 Ct 120 Condominium 1,195 B
11800 Sw 80 Ct 115 Condominium 1,195 B
11800 Sw 80 Ct 116 Condominium 1,195 B
11904 Sw 80 St Government Undefined 0 L
11938 Sw 79 Ter Single Family 2,464 C
11934 Sw 78 Ter Single Family 2,245 C
8049 Sw 118 Ct Condominium 1,800 B
7835 Sw 119 Rd Single Family 2,130 C
11883 Sw 80 Ter Condominium 1,800 B
11939 Sw 79 Ter Single Family 2,324 C
11914 Sw 78 Ter Single Family 2,983 C
7823 Sw 119 Pl Single Family 3,163 C
11936 Sw 78 Ter Multi-family - less than 10 units 2,130 C
8057 Sw 118 Ct Condominium 1,800 B
11840 Sw 80 St 515 Condominium 1,195 B
11840 Sw 80 St 527 Condominium 965 B
11840 Sw 80 St 516 Condominium 985 B
11840 Sw 80 St 523 Condominium 965 B
11840 Sw 80 St 522 Condominium 965 B
11840 Sw 80 St 517 Condominium 985 B
11840 Sw 80 St 514 Condominium 1,195 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 74 of all properties in this area. This suggests it would appeal to someone earning around $139,699 per year who should qualify for a mortgage between $279,398 and $349,248.

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 74 of all properties in this area. This corresponds to a rent of $1,606 per month and a monthly household income of $4,851 ($58,212 per year)

Nearby Companies

Gal Group, LLC
11906 Sw 78 Terr
Excelsior Academies, Inc.
11905 Sw 78 Terr
Vets Connections Inc.
7817 Sw 119 Rd
Lange Us Corp
11936 Sw 78th Ter
Lana Swanson, P.A.
11910 Sw 78th Ter
Mint Building Services LLC
11928 Sw 79 Ter
The Printer Team Inc.
11919 Sw 79th Ter
Rsy Management LLC
13701 Sw 119th Ave
Garcia Air Corp
11820 Sw 80 St
Rcbds, LLC
11832 Sw 79 Terrace
Grind Fitness Miami, LLC
11891 Sw 80th Ter
Graphic Zone, Inc.
11875 Sw 80th Ter
M*U*L*E, LLC
8033 Sw 118th Ct
Speedware Technologies LLC
8033 Sw 118th Ct
Junotech, Inc.
8065 Sw 118 Court
Counts 4u Inc.
8065 Sw 118 Court
Probanca International, Inc.
8065 Sw 118 Court
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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