8015 Sw 198 Ter, Cutler Bay

Miami-Dade County Real Estate - Homestead

Homestead is in South East Florida. It's population as recorded in the 2010 Census was 60,512.

The median age for residents of Homestead is 29.1. Around 49.8% of Homestead households include school aged children and 15.4% of households include individuals aged 65 years or over. Census records indicate 66.8% of the Homestead population are White, 20.3% are Black or African American, .4% American Indian, 1.1% Asian and 3.7% are Two or more Races. Homestead has a significant Hispanic population. 62.9% (38,078) of Homestead residents are of Hispanic or Latino origin. Of these 24.45% are of Mexican origin, 13.61% Puerto Rican, 25.01% Cuban and 36.91% are of other Hispanic or Latino origin.

There are 23,419 housing units in Homestead. 4,423 (18.8%) of these were reported as vacant in the 2010 Census. There are 13,138 residential rental units in Homestead. 11,202 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.

Homestead 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

AddressTypeSq FtClass 
8005 Sw 198 Ter Single Family 2,094 C
19814 Sw 80 Ct Single Family 2,680 C
8000 Sw 198 St Single Family 2,315 C
8010 Sw 198 St Single Family 2,864 C
7970 Sw 198 St Single Family 2,493 C
8014 Sw 198 Ter Single Family 2,843 C
8020 Sw 198 St Single Family 2,368 C
7975 Sw 198 Ter Single Family 2,385 C
19824 Sw 80 Ct Single Family 2,412 C
8004 Sw 198 Ter Single Family 2,259 C
7960 Sw 198 St Single Family 3,143 C
19811 Sw 81 Ct Single Family 2,397 C
19821 Sw 81 Ct Single Family 2,381 C
8030 Sw 198 St Single Family 2,537 C
8013 Sw 199 Ter Single Family 2,454 C
19904 Sw 80 Ct Single Family 2,277 C
7965 Sw 198 Ter Single Family 2,096 C
7974 Sw 198 Ter Single Family 2,013 C
8021 Sw 198 St Single Family 2,012 C
7950 Sw 198 St Single Family 2,308 C
8011 Sw 198 St Single Family 2,098 C
8005 Sw 199 Ter Single Family 2,092 C
8031 Sw 198 St Single Family 1,971 C
7961 Sw 198 St Single Family 2,655 C
19831 Sw 81 Ct Single Family 3,199 C
8041 Sw 198 St Single Family 1,920 C
7975 Sw 199 Ter Single Family 2,286 C
7964 Sw 198 Ter Single Family 2,284 C
7955 Sw 198 Ter Single Family 2,221 C
7940 Sw 198 St Single Family 2,555 C
7951 Sw 198 St Single Family 2,033 C
19914 Sw 80 Ct Single Family 2,277 C
8101 Sw 198 St Single Family 2,136 C
8020 Sw 197 Ter Single Family 2,008 C
8010 Sw 197 Ter Single Family 2,321 C
7965 Sw 199 Ter Single Family 2,346 C
8030 Sw 197 Ter Single Family 2,206 C
19901 Sw 81 Ct Single Family 2,404 C
7960 Sw 197 Ter Single Family 2,288 C
7954 Sw 198 Ter Single Family 2,186 C
7930 Sw 198 St Single Family 2,877 C
8121 Sw 198 St Single Family 2,006 C
8024 Sw 199 Ter Single Family 2,391 C
8014 Sw 199 Ter Single Family 2,865 C
7950 Sw 197 Ter Single Family 2,513 C
7955 Sw 199 Ter Single Family 2,205 C
8100 Sw 197 Ter Single Family 2,294 C
19781 Sw 79 Pl Single Family 2,283 C

Local Household Income

The median household income in this part of Florida is $93,333. The bottom 10% of the population earn less than $26,702 per year. The top 10% earn more than $344,964 per year. The top 1% earn more than $765,737 per year. Most renters earn between $34,464 (20th percentile) and $73,464 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $186,666 and $233,333.

The tax assessed value of this property places it in percentile 75 of all properties in this area. This suggests it would appeal to someone earning around $159,886 per year who should qualify for a mortgage between $319,772 and $399,715.

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 $1,158. Most renters earn between $2,872 and $6,122 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $881 (20th percentile) to $1,776 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 75 of all properties in this area. This corresponds to a rent of $1,656 per month and a monthly household income of $5,339 ($64,068 per year)

Nearby Companies

Felicia Real Estate,LLC
8014 Sw 199th Ter
Pixoo Vision LLC
7975 Sw 198th Ter
Jm Real Estate Property Holdings LLC
7975 Sw 198th Ter
Miami Export House Corp
7965 Sw 198 Terr
Dkv Consulting Services Inc.
8015 Sw 198 Terrace
Dk Construction & Development, Inc.
8015 Sw 198 Terrace
Tower Hill Group LLC
8005 Sw 198th Ter
Slate Plumbing Inc
19781 Sw 79 Pl
Gleisy Electric Inc.
8021 Sw 197 Ter
911 Home Helps LLC
19831 Sw 81st Ct
Quality Flooring Restoration Inc.
19811 Sw 81st Ct
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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