6715 Sw 16 St, 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%.
Miami links:
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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 | |
|---|---|---|---|---|
| 6725 Sw 16 St | Single Family | 1,279 | B |
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| 6735 Sw 16 St | Single Family | 1,279 | B |
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| 6726 Sw 15 St | Single Family | 947 | B |
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| 1500 Sw 67 Ave | Auto sales, auto repair and storage or auto service shop | 5,936 | B |
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| 6732 Sw 15 St | Single Family | 1,602 | B |
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| 6736 Sw 15 St | Single Family | 1,275 | B |
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| 6751 Sw 16 St | Single Family | 1,101 | B |
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| 1600 Sw 67 Ave | Single Family | 1,537 | B |
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| 6742 Sw 15 St | Single Family | 1,669 | B |
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| 6710 Sw 16 St | Single Family | 1,450 | B |
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| 6755 Sw 16 St | Single Family | 1,389 | B |
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| 6720 Sw 16 St | Single Family | 1,031 | B |
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| 6746 Sw 15 St | Single Family | 1,573 | B |
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| 1610 Sw 67 Ave | Single Family | 1,906 | B |
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| 6740 Sw 16 St | Single Family | 2,452 | B |
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| 6750 Sw 15 St | Single Family | 1,484 | B |
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| 6765 Sw 16 St | Single Family | 1,080 | B |
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| 6729 Sw 15 St | Single Family | 880 | B |
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| 1575 Sw 67 Ave | Auto sales, auto repair and storage or auto service shop | 3,889 | B |
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| 6741 Sw 15 St | Single Family | 910 | B |
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| 6760 Sw 15 St | Single Family | 1,379 | B |
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| 1490 Sw 67 Ave | Church | 3,420 | B |
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| 6743 Sw 15 St | Single Family | 1,674 | B |
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| 6725 Sw 16 Ter | Single Family | 1,064 | B |
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| 1620 Sw 67 Ave | Single Family | 1,220 | B |
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| 6760 Sw 16 St | Single Family | 1,217 | B |
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| 6770 Sw 15 St | Single Family | 1,700 | B |
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| 6757 Sw 15 St | Single Family | 1,370 | B |
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| 6775 Sw 16 St | Single Family | 1,917 | B |
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| 1515 Sw 67 Ave | Store, one story | 3,524 | B |
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| 1601 Sw 67 Ave | Store, one story | 5,246 | B |
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| 1645 Sw 67 Ct | Single Family | 2,260 | B |
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| 6745 Sw 16 Ter | Single Family | 3,133 | B |
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| 6759 Sw 15 St | Single Family | 1,370 | B |
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| 1534 Sw 66 Ct | Multi-family - less than 10 units | 2,333 | B |
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| 6780 Sw 16 St | Single Family | 1,869 | B |
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| 6778 Sw 15 St | Single Family | 1,639 | B |
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| 6726 Sw 14 St | Single Family | 2,057 | B |
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| 1524 Sw 66 Ct | Multi-family - less than 10 units | 2,504 | B |
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| 1640 Sw 67 Ave | Single Family | 1,255 | B |
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| 6732 Sw 14 St | Single Family | 1,034 | B |
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| 6761 Sw 15 St | Single Family | 1,279 | B |
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| 6791 Sw 16 St | Single Family | 1,310 | B |
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| 6738 Sw 14 St | Single Family | 1,288 | B |
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| 6765 Sw 16 Ter | Single Family | 2,070 | B |
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| 1506 Sw 66 Ct | Multi-family - less than 10 units | 2,968 | B |
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| 1400 Sw 67 Ave | Office building, non-professional service building, one story | 1,715 | B |
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| 1643 Sw 67 Ave | Multi-family - less than 10 units | 5,738 | B |
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| 6560 Sw 16 St | Single Family | 1,953 | B |
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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 14 of all properties in this area. This suggests it would appeal to someone earning around $26,365 per year who should qualify for a mortgage between $52,730 and $65,913.
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 14 of all properties in this area. This corresponds to a rent of $890 per month and a monthly household income of $2,428 ($29,136 per year)
Nearby Companies
6731 Sw 14 Street
1400 Sw 67th Ave
1401 Sw 67 Ave
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6790 Sw 16th St
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1657 Sw 67th Ave
1625 Sw 67th Ave
1625 Sw 67th Ave
1617 Sw 67th Ave
1613 Sw 67th Ave
1609 Sw 67th Ave
6715 Sw 16 St
6775 Sw 16th St
1601 Sw 67th Ave
1575 Sw 67th Ave
1575 Sw 67th Ave
1500 Sw 67 Ave
1500 Sw 67 Ave
1540 Sw 67th Ave
1515 Sw 67 Avenue
1515 Sw 67 Ave
1515 Sw 67 Ave
895 Sw 67 Avenue
1681 Sw 67 Avenue
1675 Sw 67 Ave
1673 Sw 67th Ave
1673 Sw 67th Ave
1673 Sw 67th Ave