Opa Locka, Florida

Miami-Dade County Real Estate - Opa locka

Opa-locka was developed in 1926 and based on a One Thousand and One Nights theme. Opa-locka has the largest collection of Moorish Revival architecture in the Western hemisphere.  Its streets have names like Sabur Lane, Sultan Avenue, Ali Baba Avenue, Perviz Avenue and Sesame Street.  The name Opa-locka is an abbreviation of a Seminole place name, spelled Opa-tisha-wocka-locka.   The city center has a rundown feel today.  Opa-locka has one of the highest rates of violent crime for any city in the United States

Amelia Earhart launched her trip around the world from Miami Municipal Airport, just south of Opa-locka.

Opa-locka Executive Airport (OPF) is located 10 minutes from the Sun Life Stadium and 20 minutes from Miami International Airport. It is designated as a relief airfield for Miami International Airport and has no landing fees. The airport offers a wide range of aircraft repair and maintenance services, including airframe, powerplant and avionics repair. The airport is also home to a U.S. Coast Guard Air/Sea Rescue Station.

Opa Locka is in South East Florida. Opa Locka is approximately 8 miles from Miami (population 399,457) and around 4 miles from Hialeah (population 224,669).

Opa Locka links:

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My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Opa Locka, Florida.

Opa locka is located in Miami-Dade County. It has a population of approximately 15,219 people. The population increased 3.2% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 3.8% for Miami-Dade County and a 1.7% increase for the country as a whole. Opa locka occupies 4.3 of the 1897.72 square miles in Miami-Dade County. It had a population density of 3536 persons per square mile in 2010. This compared to 1315.5 for the county, 350.6 for Florida and 87.4 for the country.

.6% ( 5,966) of the 990,558 housing units in Miami-Dade County are in Opa locka (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.) Opa locka has a 32.7% homeownership rate compared to Miami-Dade County's 57.6% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
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 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Miami-Dade County 2,496,435 $110,643 3.8% $43,957 990,558 $246,800
Opa locka 15,219 $1,0493.2%$22,214 5,966$145,000

Opa locka's medium household income in 2011 was $22,214. Miami-Dade County's medium household income was $43,957, which is lower than the medium income for Florida as a whole: $47,827. 32.6% of the population in Opa locka lives below the poverty line, compared to 14.7% in Florida, 17.9% of the population in Miami-Dade County and 14.3% nationwide. Additional Information:

Opa locka Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Opa locka. 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 $1,049 million, Opa locka's economic activity represents 0.95% of Miami-Dade County's $110,643MM in economic activity. Miami-Dade County represents 17.54% of the Florida economy.

Opa locka Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $267 25.4%
Merchant wholesaler sales $556 53.0%
Retail sales $217 20.7%
Accommodation and food services sales $9 0.8%
Total $1,049100%

Miami-Dade County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Hialeah 224,669 $5,0373.2%$31,096 74,067$197,800
Homestead 60,512 $7344.4%$38,724 23,419$169,600
Key Biscayne 12,344 $3923.4%$114,250 7,072$822,700
Miami 399,457 $19,2283.6%$30,270 183,994$257,500
Miami Beach 87,779 $2,8573.2%$42,411 67,499$349,400
North Miami Beach 41,523 $9703.5%$41,489 16,402$206,200
Opa locka 15,219 $1,0493.2%$22,214 5,966$145,000

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.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Indian River County 138,028 $2,455 1.8% $46,363 76,251 $179,300
St. Lucie County 277,789 $5,576 2.2% $44,947 137,581 $157,600
Martin County 146,318 $4,347 1.7% $53,612 78,356 $238,200
Palm Beach County 1,320,134 $38,668 2.8% $52,951 668,159 $236,600
Broward County 1,748,066 $73,668 3.8% $51,782 810,795 $225,300
Miami-Dade County 2,496,435 $110,643 3.8% $43,957 990,558 $246,800
Monroe County 73,090 $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

Opa Locka Real Estate

There are 28,039 properties in Opa Locka. The following table shows a summary of them based on 2014 sales data.

Opa Locka Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 2 0.01 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 251 0.90 7 $120,000 $93January 1st, 2014June 1st, 2014
Health Care 3 0.01 0n/an/an/an/a
Hotel & Motel 5 0.02 0n/an/an/an/a
Industrial 674 2.40 22 $377,350 $50January 1st, 2014September 1st, 2014
Miscellaneous Property 12 0.04 0n/an/an/an/a
Multifamily 546 1.95 32 $117,200 $53January 1st, 2014September 1st, 2014
Office 41 0.15 0n/an/an/an/a
Residential 25,969 92.62 1,347 $91,875 $71January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 361 1.29 16 $1,237,500 $143February 1st, 2014August 1st, 2014
Senior Housing 8 0.03 0n/an/an/an/a
Special Purpose 159 0.57 0n/an/an/an/a
Sports & Entertaining 8 0.03 0n/an/an/an/a

Agricultural Real Estate in Opa Locka, Florida

2( .01%) of the properties in Opa Locka are classified as Agricultural.

Commercial Real Estate in Opa Locka, Florida

0( .00%) of the properties in Opa Locka are classified as Commercial.

Government Real Estate in Opa Locka, Florida

251( .90%) of the properties in Opa Locka are classified as Government. 7 of them sold between January 1st, 2014 and June 1st, 2014. The total value of these sales was $873,000. The median sales price was $120,000. In 2014 the median sales price for Government Property in Opa Locka was $93 per sq ft.

Health Care Real Estate in Opa Locka, Florida

3( .01%) of the properties in Opa Locka are classified as Health Care.

Hotel & Motel Real Estate in Opa Locka, Florida

5( .02%) of the properties in Opa Locka are classified as Hotel & Motel.

Industrial Real Estate in Opa Locka, Florida

674( 2.40%) of the properties in Opa Locka are classified as Industrial. 22 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $10,602,500. The median sales price was $377,350. In 2014 the median sales price for A Class Industrial in Opa Locka was $137 per sq ft, B Class properties sold for $50/ft and C Class $22/ft.

Miscellaneous Real Estate in Opa Locka, Florida

12( .04%) of the properties in Opa Locka are classified as Miscellaneous.

Multifamily Real Estate in Opa Locka, Florida

546( 1.95%) of the properties in Opa Locka are classified as Multifamily. 32 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $15,700,350. The median sales price was $117,200. In 2014 the median sales price for A Class Multifamily in Opa Locka was $100 per sq ft, B Class properties sold for $53/ft and C Class $23/ft.

Office Real Estate in Opa Locka, Florida

41( .15%) of the properties in Opa Locka are classified as Office.

Residential Real Estate in Opa Locka, Florida

25,969( 92.62%) of the properties in Opa Locka are classified as Residential. 1,347 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $132,334,836. The median sales price was $91,875. In 2014 the median sales price for A Class Residential in Opa Locka was $112 per sq ft, B Class properties sold for $71/ft and C Class $40/ft.

Residential Real Estate in Opa Locka, Florida

0( .00%) of the properties in Opa Locka are classified as Residential.

Retail Real Estate in Opa Locka, Florida

361( 1.29%) of the properties in Opa Locka are classified as Retail. 16 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $23,872,702. The median sales price was $1,237,500. In 2014 the median sales price for Retail in Opa Locka was $143 per sq ft.

Senior Housing Real Estate in Opa Locka, Florida

8( .03%) of the properties in Opa Locka are classified as Senior Housing.

Special Purpose Real Estate in Opa Locka, Florida

159( .57%) of the properties in Opa Locka are classified as Special Purpose.

Sports & Entertaining Real Estate in Opa Locka, Florida

8( .03%) of the properties in Opa Locka are classified as Sports & Entertaining.

Opa Locka, Miami-Dade County Market Data

Opa Locka Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 3 1,249,001
Government Property 212 4,833,798
Health Care 2 3,509
Hotel & Motel 5 137,171
Industrial 651 9,335,776
Land 508 88,596
Miscellaneous Property 13 178,486
Multifamily 521 4,713,420
Office 37 199,331
Residential 25,950 36,096,912
Retail 316 3,896,644
Senior Housing 6 23,527
Special Purpose 157 1,674,301
Sports & Entertaining 5 123,600