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Real Estate Prices & Overview

SW 1st St / SW 10th Ave median real estate price is $672,366, which is more expensive than 80.1% of the neighborhoods in Florida and 79.1% of the neighborhoods in the U.S.

The average rental price in SW 1st St / SW 10th Ave is currently $2,566, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.5% of Florida neighborhoods.

SW 1st St / SW 10th Ave is a densely urban neighborhood (based on population density) located in Miami, Florida.

SW 1st St / SW 10th Ave 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 renter occupied. Many of the residences in the SW 1st St / SW 10th Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.0% in SW 1st St / SW 10th Ave. NeighborhoodScout analysis shows that this rate is lower than 53.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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, the SW 1st St / SW 10th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (17.7% ride the bus) than 98.1% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

Renter-occupied real estate is dominant in the SW 1st St / SW 10th Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 94.3%, which is higher than 97.9% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

In addition, the SW 1st St / SW 10th Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 88.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, if you like crowded places, then you will probably enjoy the the SW 1st St / SW 10th Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.6% of neighborhoods in the U.S., with 28,139 people per square mile living here.

Also of note, the real estate in the SW 1st St / SW 10th Ave 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, 78.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.5% of American neighborhoods.

People

The SW 1st St / SW 10th Ave neighborhood stands out for having an average per capita income lower than 96.4% of the neighborhoods in the United States. The SW 1st St / SW 10th Ave neighborhood also has a greater percentage of children living in poverty (55.6%) than found in 95.8% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the SW 1st St / SW 10th Ave neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.3% of the neighborhoods in FL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

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 SW 1st St / SW 10th Ave neighborhood. What is interesting to note, is that the SW 1st St / SW 10th Ave neighborhood has a greater percentage of residents born in another country (77.4%) than are found in 99.9% of all U.S. neighborhoods.

Diversity

Did you know that the SW 1st St / SW 10th Ave neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 48.3% of this neighborhood's residents have Cuban ancestry and 6.1% have South American ancestry.

SW 1st St / SW 10th Ave is also pretty special linguistically. Significantly, 91.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.6% 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 SW 1st St / SW 10th Ave neighborhood in Miami are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.4% of U.S. neighborhoods. With 55.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.8% 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 1st St / SW 10th Ave neighborhood, 41.5% 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 36.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.5%), and 10.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the SW 1st St / SW 10th Ave neighborhood is Spanish, spoken by 91.2% of households. Some people also speak English (8.0%).

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 SW 1st St / SW 10th Ave neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (48.3%). There are also a number of people of South American ancestry (6.1%), and residents who report Asian roots (4.2%), and some of the residents are also of Mexican ancestry (1.3%). In addition, 77.4% 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 SW 1st St / SW 10th Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (48.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (17.7%) and 8.2% of residents also carpool with coworkers, friends, or neighbors 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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