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Real Estate Prices & Overview

Miami Springs South median real estate price is $816,082, which is more expensive than 87.0% of the neighborhoods in Florida and 85.1% of the neighborhoods in the U.S.

The average rental price in Miami Springs South is currently $2,295, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.3% of Florida neighborhoods.

Miami Springs South is a suburban neighborhood (based on population density) located in Miami Springs, Florida.

Miami Springs South real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Miami Springs South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Miami Springs South are 4.9%, which is lower than one will find in 67.2% of American neighborhoods. Demand for real estate in Miami Springs South 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

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 Miami Springs, the Miami Springs South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Miami Springs South neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.7% of its workforce, this neighborhood has a greater concentration of government workers than 96.9% of U.S. neighborhoods.

Diversity

Did you know that the Miami Springs South neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 41.2% of this neighborhood's residents have Cuban ancestry and 15.8% have South American ancestry.

Miami Springs South is also pretty special linguistically. Significantly, 73.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.9% 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 Miami Springs South neighborhood. What is interesting to note, is that the Miami Springs South neighborhood has a greater percentage of residents born in another country (52.9%) than are found in 98.2% 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 Miami Springs South neighborhood in Miami Springs are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.7% of the neighborhoods in America. In addition, 4.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 66.2% of America'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 Miami Springs South neighborhood, 42.1% of the working population is employed in executive, management, and professional 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 28.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.8%), and 14.7% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Miami Springs South neighborhood is Spanish, spoken by 73.5% of households. Some people also speak English (20.8%).

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 Miami Springs South neighborhood in Miami Springs, FL, residents most commonly identify their ethnicity or ancestry as Cuban (41.2%). There are also a number of people of South American ancestry (15.8%), and residents who report German roots (3.8%), and some of the residents are also of Italian ancestry (2.6%), along with some British ancestry residents (2.0%), among others. In addition, 52.9% 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 Miami Springs South neighborhood spend between 15 and 30 minutes commuting one-way to work (35.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.1%) drive alone in a private automobile to get to work. 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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