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 
160 Ne 55 St 12 Condominium 591 B
160 Ne 55 St 2 Condominium 582 B
160 Ne 55 St 1 Condominium 603 B
160 Ne 55 St 4 Condominium 603 B
160 Ne 55 St 5 Condominium 601 B
160 Ne 55 St 6 Condominium 591 B
160 Ne 55 St 7 Condominium 603 B
160 Ne 55 St 8 Condominium 582 B
160 Ne 55 St 9 Condominium 582 B
160 Ne 55 St 10 Condominium 603 B
160 Ne 55 St 11 Condominium 601 B
163 Ne 55 St Vacant Residential 0 L
167 Ne 55 St Vacant Residential 0 L
175 Ne 55 St Multi-family - less than 10 units 2,484 C
166 Ne 55 St Multi-family - less than 10 units 2,287 B
5500 Ne 1 Ct Multi-family - less than 10 units 2,053 B
174 Ne 55 St Multi-family - less than 10 units 1,226 C
5521 Ne 1 Ct Single Family 906 C
146 Ne 55 St Multi-family - less than 10 units 1,915 B
187 Ne 55 St Store, one story 2,226 B
5510 Ne 2 Ave Store, one story 1,781 B
5430 Ne 1 Ct Vacant Residential 0 L
5525 Ne 1 Ct Single Family 927 C
137 Ne 55 St Single Family 1,495 C
5510 Ne 1 Ct Multi-family - less than 10 units 2,109 B
176 Ne 56 St Multi-family - less than 10 units 3,162 C
5524 Ne 2 Ave Light manufacturing 160 B
5422 Ne 1 Ct Vacant Residential 0 L
5520 Ne 1 Ct Multi-family - less than 10 units 2,111 B
159 Ne 54 St Community Shopping Center 5,388 B
184 Ne 56 St Vacant Commercial 0 L
5528 Ne 2 Ave Store, one story 2,061 B
5418 Ne 2 Ave Store, one story 13,296 B
166 Ne 56 St Single Family 780 C
164 Ne 56 St Single Family 779 C
125 Ne 55 St Vacant Residential 0 L
5416 Ne 1 Ct Multi-family - less than 10 units 5,192 B
142 Ne 56 St Multi-family - less than 10 units 1,970 C
130 Ne 55 St Vacant Residential 0 L
133 Ne 54 St Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 4,845 B
190 Ne 56 St Mixed use - store and office or store and residential or residential combination 4,063 B
134 Ne 56 St Multi-family - less than 10 units 1,615 B
121 Ne 55 St Multi-family - less than 10 units 3,710 B
120 Ne 55 St Multi-family - less than 10 units 2,711 B
128 Ne 56 St Multi-family - less than 10 units 2,039 B
125 Ne 54 St Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 6,802 B
110 Ne 55 St Multi-family - less than 10 units 2,746 B
120 Ne 56 St Vacant Residential 0 L
105 Ne 55 St Multi-family - less than 10 units 2,190 C

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 2 of all properties in this area. This suggests it would appeal to someone earning around $1,309 per year who should qualify for a mortgage between $2,618 and $3,273.

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 2 of all properties in this area. This corresponds to a rent of $206 per month and a monthly household income of $840 ($10,080 per year)

Nearby Companies

Mylestones LLC
5534 Ne 1st Ave
Decolores Services LLC
150 Ne 55th St
We Apt LLC
175 Ne 55 St
Setting The Bars Inc
175 Ne 55 St
Bessard Roofing, LLC
5625 Ne 2nd Ave
X Electric LLC
5600 Ne 2nd Ave
E.A.S. Brothers, Inc.
5600 Ne 2nd Ave
Konwlimit Productions LLC
5560 Ne 2nd Ave
Histori LLC
5528 Ne 2nd Ave
Other Electricities, LLC
5505 Ne 2nd Ave
Sweat Records, Inc.
5505 Ne 2nd Ave
Mytulus LLC
113 Ne 54th St
Americana Diversity, LLC
159 Ne 54th St
Countywide Taxi, Inc.
159 Ne 54th Street Suite 3
Evesdrop LLC
166 Ne 54th St
Freedom Trust Co., LLC
166 Ne 54 Street
1 Stop Wireless, LLC
5401 Ne 2nd 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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