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Real Estate Prices & Overview

W 49th St / W 18th Ct median real estate price is $281,876, which is less expensive than 76.9% of Florida neighborhoods and 63.5% of all U.S. neighborhoods.

The average rental price in W 49th St / W 18th Ct is currently $2,544, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.7% of Florida neighborhoods.

W 49th St / W 18th Ct is an urban neighborhood (based on population density) located in Hialeah, Florida.

W 49th St / W 18th Ct real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the W 49th St / W 18th Ct neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In W 49th St / W 18th Ct, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 86.7% of all neighborhoods in the U.S. This means that the housing supply in W 49th St / W 18th Ct is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hialeah, the W 49th St / W 18th Ct neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

There are more people living in the W 49th St / W 18th Ct neighborhood employed as sales and service workers (56.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the W 49th St / W 18th Ct stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 89.1% of the residential real estate here was built in this one time period.

In addition, the real estate in the W 49th St / W 18th Ct neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 86.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.6% of American neighborhoods.

People

Divorcees may find friendship and understanding in this neighborhood, as 21.2% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.9% of the neighborhoods in America.

In addition, the W 49th St / W 18th Ct neighborhood stands out for having an average per capita income lower than 96.0% of the neighborhoods in the United States.

Diversity

Did you know that the W 49th St / W 18th Ct neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 89.0% of this neighborhood's residents have Cuban ancestry.

W 49th St / W 18th Ct is also pretty special linguistically. Significantly, 92.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.7% of all U.S. neighborhoods.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the W 49th St / W 18th Ct neighborhood. What is interesting to note, is that the W 49th St / W 18th Ct neighborhood has a greater percentage of residents born in another country (76.7%) than are found in 99.9% of all U.S. neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the W 49th St / W 18th Ct neighborhood in Hialeah are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.0% of U.S. neighborhoods. With 11.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.1% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the W 49th St / W 18th Ct neighborhood, 43.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.2%), and 10.2% in executive, management, and professional occupations.

Languages

The most common language spoken in the W 49th St / W 18th Ct neighborhood is Spanish, spoken by 92.1% of households. Some people also speak English (7.7%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the W 49th St / W 18th Ct neighborhood in Hialeah, FL, residents most commonly identify their ethnicity or ancestry as Cuban (89.0%). There are also a number of people of English ancestry (1.2%), and residents who report South American roots (1.2%). In addition, 76.7% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in W 49th St / W 18th Ct neighborhood spend under 15 minutes commuting one-way to work (38.4% of working residents), one of the shortest commutes across America.

Here most residents (70.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.3%) and 5.7% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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