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Real Estate Prices & Overview

S Okeechobee Rd / W 18th St median real estate price is $603,887, which is more expensive than 74.1% of the neighborhoods in Florida and 74.9% of the neighborhoods in the U.S.

The average rental price in S Okeechobee Rd / W 18th St is currently $2,881, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.1% of the neighborhoods in Florida.

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

S Okeechobee Rd / W 18th St 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the S Okeechobee Rd / W 18th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In S Okeechobee Rd / W 18th St, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.4% of all neighborhoods in the U.S. This means that the housing supply in S Okeechobee Rd / W 18th St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

More people work in manufacturing and as laborers here in the S Okeechobee Rd / W 18th St neighborhood than in 96.3% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the S Okeechobee Rd / W 18th St neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 85.3% of this neighborhood's residents have Cuban ancestry.

S Okeechobee Rd / W 18th St is also pretty special linguistically. Significantly, 93.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.8% of all U.S. neighborhoods.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the S Okeechobee Rd / W 18th St neighborhood has a greater percentage of residents born in another country (75.0%) 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 S Okeechobee Rd / W 18th St 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 89.8% of U.S. neighborhoods. With 44.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the S Okeechobee Rd / W 18th St neighborhood, 43.4% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.7%), and 14.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the S Okeechobee Rd / W 18th St neighborhood is Spanish, spoken by 93.4% of households. Some people also speak English (6.6%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the S Okeechobee Rd / W 18th St neighborhood in Hialeah, FL, residents most commonly identify their ethnicity or ancestry as Cuban (85.3%). There are also a number of people of Puerto Rican ancestry (4.2%), and residents who report South American roots (3.2%). In addition, 75.0% 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 S Okeechobee Rd / W 18th St neighborhood spend between 15 and 30 minutes commuting one-way to work (39.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.5%) 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 (8.1%) . 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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