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 
6455 Sw 24 St Single Family 1,266 B
6475 Sw 24 St Single Family 995 B
6445 Sw 24 St Single Family 1,780 B
6485 Sw 24 St Single Family 918 B
6460 Sw 23 St Single Family 1,026 B
6450 Sw 23 St Single Family 1,309 B
6470 Sw 23 St Single Family 1,855 B
6495 Sw 24 St Office building, non-professional service building, one story 1,308 B
6435 Coral Way Single Family 1,755 B
6440 Sw 23 St Single Family 2,736 B
6480 Sw 23 St Single Family 1,400 B
6438 Sw 23 St Single Family 1,864 B
6490 Sw 23 St Single Family 1,530 B
6484 Sw 24 St Single Family 1,017 B
6478 Sw 24 St Single Family 948 B
6474 Sw 24 St Single Family 1,092 B
6488 Sw 24 St Office building, non-professional service building, one story 923 B
6431 Coral Way Office building, non-professional service building, one story 1,645 B
6470 Sw 24 St Single Family 1,380 B
6434 Sw 23 St Single Family 1,006 B
6450 Sw 24 St Single Family 1,222 B
6492 Sw 24 St Single Family 1,257 B
6507 Sw 24 St Professional service building 1,342 B
6428 Sw 23 St Single Family 1,051 B
6440 Sw 24 St Single Family 1,009 C
6494 Sw 24 St Office building, non-professional service building, one story 1,137 B
6506 Sw 23 St Single Family 1,526 B
6429 Sw 24 St Single Family 1,199 B
6465 Sw 23 St Single Family 1,781 B
6481 Sw 25 St Single Family 1,360 B
6483 Sw 25 St Single Family 1,750 B
6483 Sw 23 St Multi-family - less than 10 units 3,642 B
6422 Sw 24 St Single Family 1,125 B
6517 Sw 24 St Office building, non-professional service building, one story 1,318 B
6455 Sw 23 St Single Family 1,230 B
6496 Sw 24 St Single Family 1,890 B
6485 Sw 25 St Single Family 1,101 B
6491 Sw 23 St Single Family 2,169 B
6477 Sw 25 St Single Family 1,107 B
6445 Sw 23 St Single Family 1,180 B
6516 Sw 23 St Single Family 1,036 B
6473 Sw 25 St Single Family 1,635 B
2320 Sw 64 Ave Single Family 1,541 B
6469 Sw 25 St Single Family 1,856 B
6495 Sw 23 St Single Family 2,558 B
6489 Sw 25 St Single Family 1,042 B
6414 Sw 24 St Single Family 1,138 B
6431 Sw 23 St Single Family 2,189 B
6449 Sw 25 St Single Family 1,439 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 15 of all properties in this area. This suggests it would appeal to someone earning around $27,203 per year who should qualify for a mortgage between $54,406 and $68,008.

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 15 of all properties in this area. This corresponds to a rent of $896 per month and a monthly household income of $2,447 ($29,364 per year)

Nearby Companies

Develotec, Inc.
6494 Coral Way
Legacy Nation Records Inc
6492 Coral Way
Juhe & Jiron, P.A.
6484 Sw 24th St
Toyso Holdings, L.L.C.
6484 Coral Way
5179 Flagler L.L.C.
6484 Coral Way
Itc-Club Vacations, Inc.
6465 Coral Way
6431 Inc.
6431 Coral Way
Travel For Less, LLC
6425 Coral Way
Aurora Allure, LLC
6401 Sw 23 St
Alis Sweet Home, Inc.
6400 Sw 24 St
Bru Med Travel Inc.
6557 Coral Way
Albite Holdings, LLC
6547 Coral Way
Albite Law Group, P.A.
6547 Coral Way
Imoli Enterprises, Inc.
6547 Coral Way
6517 Coral Way, LLC
6517 Coral Way
Three-J Enterprises, Inc.
6530 Coral Way
Ledomeur LLC
6520 Sw 24 St
Da Corte Sanchez, LLC
6520 Sw 24 St
Yeya'S Beauty Salon, LLC
6520 Sw 24 St
Mejjey, LLC
6498 Coral Way
Orchid Medical Group LLC
6498 Coral Way
Ta Medical Group Inc
6498 Coral Way
R C Enterprises Group Inc
6430 Sw 25th 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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