12951 Sw 56 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 | |
|---|---|---|---|---|
| 12949 Sw 56 Ter | Single Family | 2,040 | B |
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| 12955 Sw 56 Ter | Single Family | 1,740 | B |
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| 12945 Sw 56 Ter | Single Family | 1,866 | B |
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| 12959 Sw 56 Ter | Single Family | 1,740 | B |
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| 12941 Sw 56 Ter | Single Family | 1,866 | B |
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| 12950 Sw 56 Ter | Single Family | 1,891 | B |
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| 5652 Sw 130 Ave | Single Family | 1,740 | B |
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| 12960 Sw 56 Ter | Single Family | 1,740 | B |
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| 12937 Sw 56 Ter | Single Family | 1,891 | B |
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| 5659 Sw 129 Pl | Single Family | 1,985 | B |
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| 12904 Sw 55 St | Condominium | 1,015 | B |
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| 12908 Sw 55 St | Condominium | 1,015 | B |
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| 5654 Sw 130 Ave | Single Family | 1,866 | B |
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| 12900 Sw 55 St | Condominium | 1,015 | B |
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| 12933 Sw 56 Ter | Single Family | 2,080 | B |
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| 12862 Sw 55 St | Condominium | 1,015 | B |
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| 5661 Sw 129 Pl | Single Family | 1,866 | B |
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| 12910 Sw 55 St | Condominium | 1,015 | B |
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| 5662 Sw 129 Pl | Single Family | 1,891 | B |
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| 5658 Sw 130 Ave | Single Family | 1,740 | B |
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| 12858 Sw 55 St | Condominium | 1,015 | B |
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| 5611 Sw 130 Pl | Condominium | 1,842 | B |
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| 12929 Sw 56 Ter | Single Family | 1,891 | B |
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| 5621 Sw 130 Pl | Condominium | 1,906 | B |
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| 12854 Sw 55 St | Condominium | 1,015 | B |
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| 5663 Sw 129 Pl | Single Family | 2,085 | B |
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| 5660 Sw 130 Ave | Single Family | 1,866 | B |
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| 5666 Sw 129 Pl | Single Family | 1,891 | B |
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| 5663 Sw 130 Ave | Single Family | 2,108 | B |
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| 5631 Sw 130 Pl | Condominium | 1,563 | B |
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| 12850 Sw 55 St | Condominium | 1,015 | B |
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| 12980 Sw 55 St | Condominium | 1,015 | B |
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| 12925 Sw 56 Ter | Single Family | 1,891 | B |
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| 12930 Sw 56 Ter | Single Family | 2,248 | B |
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| 12984 Sw 55 St | Condominium | 1,015 | B |
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| 5641 Sw 130 Pl | Condominium | 1,842 | B |
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| 5665 Sw 129 Pl | Single Family | 1,942 | B |
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| 5666 Sw 130 Ave | Single Family | 1,740 | B |
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| 5670 Sw 129 Pl | Single Family | 1,891 | B |
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| 5416 Sw 129 Ave | Condominium | 1,015 | B |
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| 12988 Sw 55 St | Condominium | 1,015 | B |
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| 12846 Sw 55 St | Condominium | 1,015 | B |
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| 5417 Sw 129 Ave | Condominium | 1,015 | B |
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| 5651 Sw 130 Pl | Condominium | 1,842 | B |
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| 12921 Sw 56 Ter | Single Family | 1,866 | B |
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| 5667 Sw 129 Pl | Single Family | 1,664 | B |
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| 5672 Sw 130 Ave | Single Family | 1,891 | B |
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| 12992 Sw 55 St | Condominium | 1,015 | B |
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| 5412 Sw 129 Ave | Condominium | 1,015 | B |
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Local Household Income
The median household income in this part of Florida is $62,439. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $147,645 per year. The top 1% earn more than $421,155 per year. Most renters earn between $32,616 (20th percentile) and $52,536 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,878 and $156,098.
The tax assessed value of this property places it in percentile 64 of all properties in this area. This suggests it would appeal to someone earning around $80,740 per year who should qualify for a mortgage between $161,480 and $201,850.
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 $1,333. Most renters earn between $2,718 and $4,378 per month. They typically spend 41% of their monthly income on rent. Most rents fall in the $1,064 (20th percentile) to $1,755 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 64 of all properties in this area. This corresponds to a rent of $1,463 per month and a monthly household income of $3,690 ($44,280 per year)
Nearby Companies
5715 Sw 129 Place
12939 Sw 57 Terrace
12939 Sw 57th Ter
5679 Sw 129 Pl
5675 Southwest 129th Pl
5675 Southwest 129th Pl
5662 Sw 129 Pl
5658 Sw 130th Ave
5660 Sw 130 Ave
12929 Sw 56th Ter
13000 Sw 55 St
13020 Sw 56 Terrace
5702 Southwest 130 Place
5420 Sw 130 Ave