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 
1220 Sw 5 St 9 Condominium 669 B
1220 Sw 5 St 6 Condominium 669 B
1220 Sw 5 St 11 Condominium 669 B
1220 Sw 5 St 12 Condominium 669 B
1220 Sw 5 St 512 Condominium 800 B
1220 Sw 5 St 21 Condominium 669 B
1220 Sw 5 St 20 Condominium 669 B
1220 Sw 5 St 19 Condominium 669 B
1220 Sw 5 St 18 Condominium 669 B
1220 Sw 5 St 17 Condominium 669 B
1220 Sw 5 St 10 Condominium 669 B
1220 Sw 5 St 14 Condominium 669 B
1220 Sw 5 St 8 Condominium 669 B
1220 Sw 5 St 16 Condominium 669 B
1220 Sw 5 St 15 Condominium 669 B
1220 Sw 5 St 7 Condominium 669 B
1220 Sw 5 St 1 Condominium 669 B
1220 Sw 5 St 3 Condominium 669 B
1220 Sw 5 St 4 Condominium 669 B
1220 Sw 5 St 5 Condominium 669 B
502 Sw 12 Ave Mixed use - store and office or store and residential or residential combination 2,531 B
1220 Sw 5 St Vacant Residential 0 L
434 Sw 12 Ave Office building, non-professional service building, multi-story 22,975 B
424 Sw 12 Ave Mixed use - store and office or store and residential or residential combination 10,557 B
1234 Sw 5 St Multi-family - less than 10 units 4,303 B
1239 Sw 5 St Parking lot (commercial or patron) or mobile home park 0 L
536 Sw 12 Ave Multi-family - 10 units or more 12,892 B
435 Sw 12 Ave Multi-family - 10 units or more 52,241 B
503 Sw 12 Ave Store, one story 11,257 B
1244 Sw 5 St Multi-family - less than 10 units 10,494 B
1160 Sw 5 St Auto sales, auto repair and storage or auto service shop 900 B
1245 Sw 5 St Multi-family - less than 10 units 3,925 B
425 Sw 12 Ave Multi-family - 10 units or more 11,058 B
1225 Sw 6 St Multi-family - less than 10 units 3,896 B
420 Sw 12 Ave Multi-family - 10 units or more 131,903 B
1250 Sw 5 St Multi-family - less than 10 units 3,919 B
542 Sw 12 Ave Mixed use - store and office or store and residential or residential combination 2,680 B
1235 Sw 6 St Multi-family - 10 units or more 10,620 B
1228 Sw 4 St Multi-family - less than 10 units 4,150 B
1251 Sw 5 St Multi-family - less than 10 units 3,973 B
1150 Sw 5 St Multi-family - less than 10 units 3,960 B
1157 Sw 5 St Multi-family - 10 units or more 10,397 B
533 Sw 12 Ave Store, one story 16,230 B
1236 Sw 4 St Multi-family - less than 10 units 4,176 B
421 Sw 12 Ave Store, one story 6,629 B
1243 Sw 6 St Multi-family - less than 10 units 3,269 B
1260 Sw 5 St Multi-family - less than 10 units 3,007 B
1261 Sw 5 St Multi-family - less than 10 units 3,723 B
1242 Sw 4 St Multi-family - less than 10 units 4,175 B

Local Household Income

The median household income in this part of Florida is $34,743. The bottom 10% of the population earn less than $8,542 per year. The top 10% earn more than $166,245 per year. The top 1% earn more than $584,884 per year. Most renters earn between $20,148 (20th percentile) and $44,172 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $69,486 and $86,858.

The tax assessed value of this property places it in percentile 4 of all properties in this area. This suggests it would appeal to someone earning around $3,163 per year who should qualify for a mortgage between $6,326 and $7,908.

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 $872. Most renters earn between $1,679 and $3,681 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $544 (20th percentile) to $1,424 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 4 of all properties in this area. This corresponds to a rent of $205 per month and a monthly household income of $841 ($10,092 per year)

Nearby Companies

W.R. Investment Holdings, LLC
1160 Southwest 4th St
Blanco Restaurante, Corp.
601 Sw 12th Ave
What The Flower LLC
1167 Sw 6th St
Axel Minimarket Inc
1160 Sw 6 Street
Carlos A. Alves, Inc.
1157 Sw 6th St
Dance Esaias Corporation
1155 Sw 6 Street
Nailbox Fl, LLC
533 Sw 12 Ave
Ll2 Hospitality Group LLC
541 Sw 12th Ave
Maya'S Cash & Gold, Inc.
542 Sw 12 Ave
Delicias In Miami Inc
542 Sw 12 Ave
Telva Sweet Bakery LLC
543 Sw 12 Ave
J'S Multiservices, LLC
515 Sw 12th Ave
Cohiba Express, Corp.
515 Sw 12th Ave
Turner Medical Group LLC
537 Sw 12th Ave
Public Eye Optical, Pa
537 Sw 12th Ave
Thumbs Up Miami, LLC
539 Sw 12th Ave
Artefex 13 Inc
527 Sw 12 Ave
Artefex Inc.
527 Sw 12th Ave
Phone Smart Mobile Inc
515 Sw 12 Ave
Webster Investments, LLC
1157 Sw 5th St
Filoli, Inc.
434 Sw 12th Ave
Aca&Fruits LLC
435 Sw 12 Th Ave
Para Bajitos Inc.
420 Sw 12th Ave
Bordao Construction Corp
4368 W 11th Ln
Codec Inc.
1223 Sw 4th St
Cnc Management Inc.
1223 Sw 4th St
Eli'S Travel & Services Corp
407 Sw 12 Ave Ste C
K-J Minimarket, Inc.
407 Sw 12th Ave
M G Boada LLC
2925-27 Sw 4th St
Bradley'S Investments LLC
1236 Sw 6 Street
Plata Delivery Inc
1220 Sw 5 St
Habana Salcedo, LLC
1220 Sw 5th Street Apt 19
Flm 821-25 Sw 5 St LLC
821-25 Sw 5 St
Diva'S Beauty Place, LLC
515 Sw 12th Ave
Royal Green A.L.F., Inc.
2011-13 Sw 4th St
12 Avenue Flowers, Corp.
407 Sw 12 Ave
Alvarez Locksmith, Inc.
407 Sw 12 Avenue
Holy Madinah LLC
5084 Bright Galaxy Ln
Disclaimers and Disclosures

Public Records Data

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