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 
2497 Abaco Ave Single Family 2,110 B
2471 Abaco Ave Single Family 1,670 A
2500 Overbrook St Single Family 1,503 B
2530 Overbrook St Single Family 1,127 B
2460 Abaco Ave Single Family 2,150 A
2540 Overbrook St Single Family 1,222 B
2472 Abaco Ave Single Family 1,843 B
2458 Abaco Ave Single Family 2,141 A
2907 Jefferson St Single Family 1,793 B
2480 Abaco Ave Single Family 1,087 B
2825 Jefferson St Single Family 1,301 B
2490 Abaco Ave Single Family 1,107 B
2550 Overbrook St Single Family 1,183 C
2911 Lucaya St Multi-family - less than 10 units 3,544 B
2496 Abaco Ave Single Family 2,757 B
2505 Overbrook St Single Family 1,615 B
2515 Overbrook St Single Family 1,828 B
2941 Lucaya St Single Family 1,545 B
2459 Overbrook St Vacant Residential 0 L
2465 Inagua Ave Single Family 1,765 B
2444 Overbrook St Single Family 1,377 B
2453 Inagua Ave Single Family 2,846 B
2475 Inagua Ave Single Family 1,076 B
2463 Overbrook St Single Family 1,003 A
2555 Overbrook St Single Family 1,257 B
2485 Inagua Ave Single Family 1,758 B
2924 Jefferson St Single Family 2,351 A
2910 Jefferson St Single Family 1,653 B
2951 Lucaya St Single Family 1,324 A
2500 Abaco Ave Single Family 2,474 B
2455 Overbrook St Single Family 1,095 B
2830 Jefferson St Single Family 1,553 B
2951 Jefferson St Single Family 1,409 B
2430 Overbrook St Single Family 1,194 B
2800 Jefferson St Single Family 0 A
2510 Tequesta Ln Single Family 1,682 B
2532 Tequesta Ln Single Family 1,028 B
2500 Tequesta Ln Single Family 1,521 A
2557 Overbrook St Single Family 1,773 B
2425 Inagua Ave Single Family 1,657 B
2445 Overbrook St Single Family 1,295 B
2592 Overbrook St Single Family 0 A
2538 Tequesta Ln Single Family 889 B
2462 Tequesta Ln Single Family 1,208 B
2512 Abaco Ave Single Family 2,514 B
2517 Andros Ave Multi-family - less than 10 units 3,418 B
2420 Overbrook St Single Family 1,221 B
2542 Tequesta Ln Single Family 1,564 B
2421 Inagua Ave Single Family 1,566 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 91 of all properties in this area. This suggests it would appeal to someone earning around $202,389 per year who should qualify for a mortgage between $404,778 and $505,973.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$148,649
$297,297
$445,946
$594,594
$202,389

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 91 of all properties in this area. This corresponds to a rent of $2,023 per month and a monthly household income of $5,568 ($66,816 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$129
$2,426
$4,722
$7,019
$9,315
$5,568
$2,023

Nearby Companies

Emanuel Mounier Center, Inc.
2450 Tequesta Ln
Menamill Trading, Inc.
2472 Abaco Ave
Jesse Williams, Inc.
2475 Inagua Ave
2488 Inagua, LLC
2488 Inagua Ave
6969 West 20th Avenue, LLC
2453 Inagua Ave
3900 Consumer Street, LLC
2453 Inagua Ave
Relaxed Tiger, LLC
2453 Inagua Ave
Brigitte Eva Alfred LLC
2472 Inagua Ave
Evaluna Collection LLC
2472 Inagua Ave
Michelle A. Fish D.O., P.A.
2421 Inagua Ave
Adventures On The Sea, LLC.
2425 Inagua Ave
Polares Inc
2510 Tequesta Ln
Dixie Grove Condominium Association, Inc.
2630 Sw 28th Street Unit 61
Rua Realty, Inc.
2630 Sw 28th St
Raoul Garcia, Pa
2630 Sw 28th St
Ewenco LLC
2517 Andros Ave
Valerie Brunnette, LLC
2517 Andros Ave
Mrk Resolutions LLC
2517 Andros Ave
Aamvic Holdings, LLC
2544 Andros Ave
Aamvic Holdings Ii, LLC
2544 Andros Ave
Grace Management LLC
2512 Abaco Ave
Allergic To Missing LLC
2512 Abaco Ave
Andros Ave. LLC
2907 Jefferson St
Abaco Productions LLC
2500 Abaco Ave
Lbunn Holdings LLC
2521 Inagua Ave
Simbron Investments, Inc.
2471 Abaco Ave
Casapueblo Corporation
2471 Abaco Ave
The Smart Sheep Inc.
2471 Abaco Ave
Precision Performance. Inc.
2511 Inagua 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.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

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