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Real Estate Prices & Overview

SW 297th Ter / SW 149th Ave median real estate price is $511,479, which is more expensive than 62.8% of the neighborhoods in Florida and 67.5% of the neighborhoods in the U.S.

The average rental price in SW 297th Ter / SW 149th Ave is currently $3,721, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.7% of the neighborhoods in Florida.

SW 297th Ter / SW 149th Ave is an urban neighborhood (based on population density) located in Homestead, Florida.

SW 297th Ter / SW 149th Ave real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the SW 297th Ter / SW 149th Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in SW 297th Ter / SW 149th Ave are 4.8%, which is lower than one will find in 68.2% of American neighborhoods. Demand for real estate in SW 297th Ter / SW 149th Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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.

Real Estate

Some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the SW 297th Ter / SW 149th Ave neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American neighborhoods.

Occupations

There are more people living in the SW 297th Ter / SW 149th Ave neighborhood employed as sales and service workers (57.5%) 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.

Furthermore, each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the SW 297th Ter / SW 149th Ave neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 96.3% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

Diversity

Did you know that the SW 297th Ter / SW 149th Ave neighborhood has more Cuban and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.1% of this neighborhood's residents have Cuban ancestry and 8.5% have Haitian ancestry.

SW 297th Ter / SW 149th Ave is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

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 SW 297th Ter / SW 149th Ave neighborhood has a greater percentage of residents born in another country (47.9%) than are found in 97.1% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the SW 297th Ter / SW 149th Ave neighborhood in Homestead are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.3% of U.S. neighborhoods. With 35.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.1% 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 SW 297th Ter / SW 149th Ave neighborhood, 42.5% 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 25.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.5%), and 12.8% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the SW 297th Ter / SW 149th Ave neighborhood is Spanish, spoken by 68.1% of households. Other important languages spoken here include English and French.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the SW 297th Ter / SW 149th Ave neighborhood in Homestead, FL, residents most commonly identify their ethnicity or ancestry as Cuban (28.1%). There are also a number of people of Mexican ancestry (20.0%), and residents who report Haitian roots (8.5%), and some of the residents are also of Puerto Rican ancestry (6.7%), along with some Dominican ancestry residents (5.5%), among others. In addition, 47.9% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in SW 297th Ter / SW 149th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (28.4% of working residents), longer and tougher than most commutes in America.

Here most residents (86.8%) 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 (5.2%) . 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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