50 Sw 68 Ave, Miami
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%.
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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 | |
|---|---|---|---|---|
| 6811 Sw 1 St | Single Family | 1,011 | B |
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| 6821 Sw 1 St | Single Family | 1,557 | B |
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| 120 Sw 68 Ave | Single Family | 1,686 | B |
|
| 31 Sw 68 Ave | Single Family | 2,317 | C |
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| 41 Sw 68 Ave | Single Family | 2,367 | C |
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| 6810 Sw 1 St | Single Family | 1,332 | B |
|
| 21 Sw 68 Ave | Multi-family - less than 10 units | 2,308 | C |
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| 51 Sw 68 Ave | Single Family | 2,519 | C |
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| 6831 Sw 1 St | Single Family | 1,828 | B |
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| 6820 W Flagler St | Vacant Residential | 0 | L | |
| 6820 Sw 1 St | Single Family | 1,301 | B |
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| 101 Sw 68 Ave | Single Family | 3,350 | C |
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| 6790 W Flagler St | Restaurant, cafeteria | 1,472 | B |
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| 6830 Sw 1 St | Single Family | 1,641 | B |
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| 111 Sw 68 Ave | Single Family | 1,473 | C |
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| 6841 Sw 1 St | Single Family | 1,314 | B |
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| 140 Sw 68 Ave | Single Family | 1,366 | B |
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| 6811 Sw 2 St | Single Family | 1,883 | B |
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| 6772 W Flagler St | Store, one story | 7,569 | B |
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| 6820 W Flagler St 204 | Condominium | 813 | B |
|
| 6820 W Flagler St 205 | Condominium | 813 | B |
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| 6820 W Flagler St 207 | Condominium | 726 | B |
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| 6820 W Flagler St 208 | Condominium | 624 | B |
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| 6820 W Flagler St 209 | Condominium | 813 | B |
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| 6820 W Flagler St 210 | Condominium | 813 | B |
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| 6820 W Flagler St 211 | Condominium | 840 | B |
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| 6820 W Flagler St 212 | Condominium | 697 | B |
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| 6820 W Flagler St 213 | Condominium | 813 | B |
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| 6820 W Flagler St 301 | Condominium | 813 | B |
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| 6820 W Flagler St 302 | Condominium | 697 | B |
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| 6820 W Flagler St 304 | Condominium | 813 | B |
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| 6820 W Flagler St 305 | Condominium | 813 | B |
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| 6820 W Flagler St 306 | Condominium | 831 | B |
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| 6820 W Flagler St 308 | Condominium | 697 | B |
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| 6820 W Flagler St 309 | Condominium | 813 | B |
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| 6820 W Flagler St 310 | Condominium | 813 | B |
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| 6820 W Flagler St 106 | Condominium | 831 | B |
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| 6820 W Flagler St 105 | Condominium | 813 | B |
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| 6820 W Flagler St 104 | Condominium | 813 | B |
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| 6820 W Flagler St 103 | Condominium | 840 | B |
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| 6820 W Flagler St 102 | Condominium | 697 | B |
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| 6820 W Flagler St 101 | Condominium | 813 | B |
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| 6820 W Flagler St 203 | Condominium | 840 | B |
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| 6820 W Flagler St 201 | Condominium | 813 | B |
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| 6820 W Flagler St 111 | Condominium | 813 | B |
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| 6820 W Flagler St 110 | Condominium | 697 | B |
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| 6820 W Flagler St 107 | Condominium | 813 | B |
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| 6820 W Flagler St 108 | Condominium | 813 | B |
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| 6820 W Flagler St 109 | Condominium | 840 | B |
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Local Household Income
The median household income in this part of Florida is $44,926. The bottom 10% of the population earn less than $12,918 per year. The top 10% earn more than $184,479 per year. The top 1% earn more than $594,594 per year. Most renters earn between $25,140 (20th percentile) and $49,848 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $89,852 and $112,315.
The tax assessed value of this property places it in percentile 38 of all properties in this area. This suggests it would appeal to someone earning around $32,296 per year who should qualify for a mortgage between $64,592 and $80,740.
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 $994. Most renters earn between $2,095 and $4,154 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $666 (20th percentile) to $1,568 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 38 of all properties in this area. This corresponds to a rent of $875 per month and a monthly household income of $2,545 ($30,540 per year)
Nearby Companies
6771 W Flagler St
6767 W Flagler St
6759 W Flagler St
6752 West Flagler St
6758 W Flagler St
41 Sw 68 Ave
6772 W Flagler St
6771 Sw 2nd St
41 Sw 67th Ct
130 Sw 67 Ct
6740 W Flagler St
41 Sw 67 Ct
6875 W Flagler St
6860 W Flagler St
6820 West Flagler St
6820 West Flagler
6820 West Flagler St
6825 West Flagler St
6787 W Flagler St
6791 W Flagler St
6790 West Flager St
6765 W Flagler St
6778 W Flagler St
6772 West Flagler St
6825 W Flagler St
6785 W Flagler St
51 Nw 68th Ave
6799 W Flagler St
11 Sw 69 Ave
100 Sw 69 Th Ave
6886 W Flagler St
6886 W Flagler St
140 Sw 69th Ave
141 Sw 69th Ave
140 Sw 69 Ave
6878 W Flagler St
6890 W Flagler St
6890 W Flagler St
6854 W Flagler St
6850 Sw 1st St
6840 Sw 1st St
6840 Sw 1st St
6851 Sw 2 Street
6820 W Flagler St
6820 W Flagler St
41 Sw 68 Avenue
6884 West Flagler St
6880 West Flagler St
6878 West Flagler St
6876 W Flagler St
6876 W Flagler St
6874 West Flagler St
6870 W Flagler St
6864 West Flagler St
6864 West Flagler St
6866 West Flagler St
6868 W Flagler St