2954 Sw 16 Ter, 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

AddressTypeSq FtClass 
2944 Sw 16 Ter Single Family 2,641 C
2968 Sw 16 Ter Single Family 732 C
2959 Sw 16 Ter 9 Single Family 437 C
2936 Sw 16 Ter Single Family 2,035 C
2968 Sw 16 Ter Multi-family - less than 10 units 732 C
2953 Sw 17 St Single Family 1,656 C
2957 Sw 16 Ter 17 Single Family 489 C
2930 Sw 16 Ter Single Family 1,415 C
2945 Sw 17 St Single Family 930 C
2959 Sw 17 St Multi-family - less than 10 units 2,442 C
2976 Sw 16 Ter Multi-family - less than 10 units 2,240 C
2959 Sw 16 Ter Single Family 624 C
2937 Sw 17 St Single Family 1,188 C
2965 Sw 17 St Multi-family - less than 10 units 3,493 C
2975 Sw 16 Ter Vacant Residential 0 L
2957 Sw 16 Ter 16 Single Family 709 C
2971 Sw 16 Ter Single Family 945 C
2953 Sw 16 Ter Single Family 1,272 C
2945 Sw 16 Ter Single Family 2,263 C
2980 Sw 16 Ter Multi-family - less than 10 units 2,833 C
2929 Sw 17 St Multi-family - less than 10 units 2,248 C
2967 Sw 17 St Multi-family - less than 10 units 3,493 C
2910 Sw 16 Ter Single Family 1,402 C
2937 Sw 16 Ter Multi-family - less than 10 units 1,450 C
2975 Sw 16 Ter 1 Single Family 464 C
2971 Sw 16 Ter 7 Single Family 437 C
2957 Sw 16 Ter 15 Single Family 441 C
2959 Sw 16 Ter 11 Single Family 437 C
2929 Sw 16 Ter Multi-family - less than 10 units 1,849 C
2985 Sw 17 St Multi-family - less than 10 units 2,867 C
2919 Sw 17 St Multi-family - less than 10 units 2,054 C
2975 Sw 16 Ter 2 Single Family 437 C
1666 Sw 29 Ave Vacant Residential 0 L
2990 Sw 16 Ter Multi-family - less than 10 units 1,647 C
2971 Sw 16 Ter 6 Single Family 477 C
2959 Sw 16 Ter 12 Single Family 538 C
1633 Sw 30 Ave Single Family 1,164 C
2985 Sw 16 Ter Multi-family - less than 10 units 2,512 C
2921 Sw 16 Ter Multi-family - less than 10 units 3,516 C
2975 Sw 16 Ter 3 Single Family 435 C
2900 Sw 16 Ter Single Family 1,350 C
1635 Sw 30 Ave Multi-family - less than 10 units 1,894 C
2998 Sw 16 Ter Multi-family - less than 10 units 2,291 C
2991 Sw 17 St Multi-family - less than 10 units 2,870 B
2975 Sw 16 Ter 4 Multi-family - less than 10 units 607 C
2905 Sw 17 St Multi-family - less than 10 units 3,857 C
2993 Sw 16 Ter Single Family 1,582 C
2911 Sw 16 Ter Multi-family - less than 10 units 2,508 C
2950 Sw 16 St Multi-family - less than 10 units 2,395 B

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 22 of all properties in this area. This suggests it would appeal to someone earning around $21,092 per year who should qualify for a mortgage between $42,184 and $52,730.

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 22 of all properties in this area. This corresponds to a rent of $697 per month and a monthly household income of $2,140 ($25,680 per year)

Nearby Companies

I T Trooper, Inc
2950 Sw 16th St
2 Divas, LLC
2960 Sw 17 Street
Ada De Varona, Pa
2960 Sw 17 Street
Liquidation Supplies Inc
2957 Sw 16 Ter
Press On Project, Inc.
2960 Sw 17th St
J.P.O. Marketing, L.L.C.
2961 Sw 18 St
Delivery Services Of Miami Dade, Inc.
2954 Sw 16 Terrace
Peace Compound, LLC
2944-2950 Sw 16 Street
De La Rosa Chiropractic, P.A.
2937 Sw 17 St
M & M Marroquin School Bus Services, Inc.
2930 Sw 17th St
Lupa Export-Import, Corp.
2919 Sw 17th St
Mg Forwarding, LLC
2919 Sw 17th St
Davis Quality, Inc.
2901 Sw 16th Ter
Futuro Shelving Group, Corp
2905 Sw 17 St
G & J Consulting Miami L.L.C.
1666 Sw 29th Ave
H & E Auto Carrier Inc
1651 Sw 29 Ave
Jetrocar Co., Inc.
3012 Sw 16 Terr
South Florida Blinds Inc
1629 Sw 30th Ave
50 Shades Of Freedom LLC
1701 Sw 30 Ave
Hindle Sports Analysis, LLC
1727 Southwest 30th 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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