Miami-dade County, Florida
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.
Miami-dade County Florida Cities
There are 8 cities in Miami-dade County Florida. These are listed below. Click on a link for details.
Hialeah, Homestead, Key Biscayne, Miami, Miami Beach, North Miami Beach, Ochopee, Opa Locka,
Miami-Dade County has a population of approximately 2,591,035 people. The population increased 3.8% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Miami-Dade County is 1897.72 square miles and had a population density of 1315.5 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 990,558 housing units in Miami-Dade County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Miami-Dade County has a 57.6% homeownership rate compared to Florida's rate of 69.0%. Miami-Dade County's medium household income in 2011 was $43,957, which is lower than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Miami-Dade County | 2,591,035 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
17.9% of the population in Miami-Dade County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Miami-Dade County Census Data
- University of Florida Bureau of Economic and Business Research - Miami-Dade County
Miami-Dade County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Miami-Dade County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $110,643 million, Miami-Dade County's economic activity represents 17.54% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $9,347 | 8.4% |
| Merchant wholesaler sales | $60,760 | 54.9% |
| Retail sales | $34,530 | 31.2% |
| Accommodation and food services sales | $6,006 | 5.4% |
| Total | $110,643 | 100% |
Miami-Dade County Regional Comparisons
Miami-Dade County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Miami-Dade County represents 46.6% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Indian River County | 140,567 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
| St. Lucie County | 283,866 | $5,576 | 2.2% | $44,947 | 137,581 | $157,600 |
| Martin County | 148,817 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
| Palm Beach County | 1,356,545 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
| Broward County | 1,815,137 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
| Miami-Dade County | 2,591,035 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
| Monroe County | 74,809 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
| Total | 6,410,776 | $237,494 | 2.6% | $49,643 | 2,814,252 | $249,557 |
Miami-Dade Real Estate
There are 819,940 properties in Miami-Dade County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 1,456 | $376,500 | $351 | January 1st, 2013 | August 1st, 2013 |
| Government Property | 4,840 | 0.59 | 11 | $135,000 | $94 | January 1st, 2013 | July 1st, 2013 |
| Miscellaneous Property | 300 | 0.04 | 2 | $1,527,500 | $190 | February 1st, 2013 | March 1st, 2013 |
| Residential Property | 0 | 0.00 | 38,684 | $149,500 | $108 | January 1st, 2013 | September 1st, 2013 |
Commercial Real Estate in Miami-Dade County, Florida
0( .00%) of the properties in Miami-Dade County are classified as Commercial. 1,456 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $2,395,711,980. The median sales price was $376,500. In 2013 the median sales price for A Class Commercial Property in Miami-Dade County was $1,193 per sq ft, B Class properties sold for $351/ft and C Class $87/ft.
Government Real Estate in Miami-Dade County, Florida
4,840( .59%) of the properties in Miami-Dade County are classified as Government. 11 of them sold between January 1st, 2013 and July 1st, 2013. The total value of these sales was $4,277,000. The median sales price was $135,000. In 2013 the median sales price for Government Property in Miami-Dade County was $94 per sq ft.
Miscellaneous Real Estate in Miami-Dade County, Florida
300( .04%) of the properties in Miami-Dade County are classified as Miscellaneous. 2 of them sold between February 1st, 2013 and March 1st, 2013. The total value of these sales was $3,055,000. The median sales price was $1,527,500. In 2013 the median sales price for Miscellaneous Property in Miami-Dade County was $190 per sq ft.
Residential Real Estate in Miami-Dade County, Florida
0( .00%) of the properties in Miami-Dade County are classified as Residential. 38,684 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $11,808,670,100. The median sales price was $149,500. In 2013 the median sales price for A Class Residential Property in Miami-Dade County was $338 per sq ft, B Class properties sold for $108/ft and C Class $42/ft.
Additional Details:
Miami-Dade Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 3,488 | 10,260,313 |
| Government Property | 4,719 | 105,969,892 |
| Health Care | 95 | 11,584,798 |
| Hotel & Motel | 10,202 | 41,314,903 |
| Industrial | 15,680 | 231,594,292 |
| Land | 18,756 | 15,143,486 |
| Miscellaneous Property | 321 | 8,884,889 |
| Mobile/Manufactured | 284 | 183,103 |
| Multifamily | 35,432 | 206,365,195 |
| Office | 10,735 | 106,845,508 |
| Residential | 723,533 | 1,148,530,400 |
| Retail | 11,842 | 147,953,940 |
| Senior Housing | 129 | 4,599,562 |
| Special Purpose | 2,329 | 35,217,268 |
| Sports & Entertaining | 217 | 7,580,191 |