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 
7717 Nw 5 Ct Single Family 869 C
545 Nw 77 St Single Family 1,051 C
7725 Nw 5 Ct Single Family 1,497 C
7714 Nw 5 Ave Single Family 1,285 C
515 Nw 77 St Multi-family - less than 10 units 1,346 C
7720 Nw 5 Ave Multi-family - less than 10 units 2,255 C
7735 Nw 5 Ct Single Family 968 C
7716 Nw 5 Ct Single Family 1,359 C
555 Nw 77 St Multi-family - less than 10 units 1,994 B
7726 Nw 5 Ct Single Family 1,500 B
7734 Nw 5 Ave Multi-family - less than 10 units 2,664 B
562 Nw 77 St Government Undefined 0 L
7743 Nw 5 Ct Multi-family - less than 10 units 1,571 C
570 Nw 77 St Government Undefined 0 L
7734 Nw 5 Ct Single Family 952 C
7748 Nw 5 Ave Multi-family - less than 10 units 2,089 C
7711 Nw 6 Ave Multi-family - less than 10 units 1,994 B
7715 Nw 6 Ave Multi-family - less than 10 units 1,806 C
574 Nw 77 St Government Undefined 0 L
7742 Nw 5 Ct Single Family 858 C
7723 Nw 6 Ave Multi-family - less than 10 units 1,806 C
7650 Nw 5 Ct Government Undefined 0 L
7801 Nw 5 Ct Single Family 1,418 C
7800 Nw 5 Ave Single Family 1,512 C
7731 Nw 6 Ave Multi-family - less than 10 units 1,806 C
7800 Nw 5 Ct Single Family 1,371 C
7815 Nw 5 Ct Multi-family - less than 10 units 1,404 C
7735 Nw 6 Ave Multi-family - less than 10 units 1,806 C
473 Nw 77 St Church 14,915 B
7630 Nw 5 Ct Government Undefined 0 L
7745 Nw 5 Ave Single Family 984 C
7810 Nw 5 Ave Multi-family - less than 10 units 1,449 C
7814 Nw 5 Ct Multi-family - less than 10 units 1,393 C
7801 Nw 6 Ave Multi-family - less than 10 units 1,806 C
7801 Nw 5 Ave Multi-family - less than 10 units 1,762 C
7825 Nw 5 Ct Multi-family - less than 10 units 3,910 B
7824 Nw 5 Ave Vacant Residential 0 L
7811 Nw 6 Ave Single Family 1,424 C
7736 Nw 4 Ct Single Family 835 C
7600 Nw 5 Ct Government Undefined 0 L
7824 Nw 5 Ct Multi-family - 10 units or more 8,926 B
7828 Nw 5 Ave Multi-family - less than 10 units 1,737 B
7744 Nw 4 Ct Vacant Residential 0 L
7823 Nw 5 Ave Vacant Residential 0 L
470 Nw 77 St Government Undefined 0 L
514 Nw 77 St Public county school 48,113 B
540 Nw 79 St Auto sales, auto repair and storage or auto service shop 544 B
7540 Nw 5 Ct Government Undefined 0 L

Local Household Income

The median household income in this part of Florida is $48,090. The bottom 10% of the population earn less than $11,600 per year. The top 10% earn more than $204,284 per year. The top 1% earn more than $689,441 per year. Most renters earn between $23,868 (20th percentile) and $50,244 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $96,180 and $120,225.

The tax assessed value of this property places it in percentile 32 of all properties in this area. This suggests it would appeal to someone earning around $26,375 per year who should qualify for a mortgage between $52,750 and $65,938.

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 $987. Most renters earn between $1,989 and $4,187 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $649 (20th percentile) to $1,498 (80th percentile) range. The residential vacancy rate is 8%.

This property falls in percentile 32 of all properties in this area. This corresponds to a rent of $803 per month and a monthly household income of $2,398 ($28,776 per year)

Nearby Companies

Intercomm Group, LLC
11474 Nw 77th St
The Brook Church Inc
495 Nw 77th St
Fashion Feet Of Florida Inc
7731 Nw 6th Ave
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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