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 
1485 Nw 54 St Parking lot (commercial or patron) or mobile home park 0 L
1487 Nw 54 St Repair service shop (excluding automotive) 1,775 B
1491 Nw 54 St Vacant Commercial 0 L
1493 Nw 54 St Vacant Commercial 0 L
1435 Nw 54 St Church 4,364 B
1480 Nw 55 St Single Family 978 C
1495 Nw 54 St Light manufacturing 5,754 B
1470 Nw 54 St Vacant Commercial 0 B
1498 Nw 54 St Store, one story 7,352 B
1460 Nw 54 St Vacant Commercial 0 B
1427 Nw 54 St Vacant Commercial 0 L
1450 Nw 54 St Vacant Commercial 0 B
1420 Nw 55 St Single Family 2,805 C
1440 Nw 54 St Vacant Commercial 0 B
1455 Nw 55 St Single Family 970 C
1425 Nw 54 St Single Family 1,008 C
1453 Nw 55 St Single Family 1,489 C
1485 Nw 55 St Single Family 1,021 C
1467 Nw 53 St Multi-family - less than 10 units 2,231 B
1475 Nw 53 St Multi-family - less than 10 units 998 C
1501 Nw 54 St Office building, non-professional service building, one story 414 B
1443 Nw 55 St Single Family 1,100 C
1412 Nw 55 St Multi-family - less than 10 units 1,000 C
1483 Nw 53 St Multi-family - less than 10 units 1,381 C
1455 Nw 53 St Church 3,796 B
1493 Nw 55 St Single Family 1,080 C
5430 Nw 15 Ave Single Family 1,093 C
1441 Nw 55 St County Owned 1,057 B
1495 Nw 53 St Multi-family - less than 10 units 1,407 C
1411 Nw 54 St Store, one story 1,967 B
1500 Nw 54 St Church 8,105 B
1441 Nw 53 St Single Family 1,311 C
1511 Nw 54 St Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 1,951 B
1431 Nw 55 St Single Family 1,199 C
1400 Nw 54 St Multi-family - 10 units or more 189,251 B
5418 Nw 14 Ave Single Family 1,176 B
1458 Nw 55 Ter Single Family 1,663 C
1510 Nw 55 St Single Family 806 C
1480 Nw 55 Ter Single Family 2,192 C
1448 Nw 55 Ter Single Family 768 C
1431 Nw 53 St Single Family 848 C
5410 Nw 14 Ave Mixed use - store and office or store and residential or residential combination 2,301 B
1400 Nw 55 St Multi-family - less than 10 units 1,296 C
1520 Nw 54 St Vacant Commercial 0 L
1501 Nw 55 St Multi-family - less than 10 units 1,079 C
1421 Nw 53 St Single Family 762 C
1434 Nw 55 Ter Multi-family - less than 10 units 4,534 B
1511 Nw 53 St Single Family 1,165 C
1498 Nw 55 Ter Single Family 1,186 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.

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%.

Nearby Companies

Dream Clean, Inc.
1471 Nw 54 Street
Pharma Topcare, Inc.
1495 Nw 54 St
Doctors United, Inc
1498 Nw 54 Street
Disclaimers and Disclosures

Public Records Data

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