Popular real estate near Miami, FL (NW 7th Ave / NW 5th St)
NW 7th Ave / NW 5th St median real estate prices are $161,990, which is more expensive than 52.9% of the neighborhoods in Florida and 51.2% of the neighborhoods in the U.S.
Average rental prices in NW 7th Ave / NW 5th St are currently $438, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 96.8% of Florida neighborhoods.
NW 7th Ave / NW 5th St is an urban neighborhood (based on population density) located in Miami, Florida.
NW 7th Ave / NW 5th 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the NW 7th Ave / NW 5th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in NW 7th Ave / NW 5th St. The current real estate vacancy rate here is 24.2%. This is higher than the rate of vacancies in 90.2% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.Notable & Unique: Diversity
Did you know that the NW 7th Ave / NW 5th St neighborhood has more Cuban and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.1% of this neighborhood's residents have Cuban ancestry and 3.6% have Haitian ancestry.
NW 7th Ave / NW 5th St is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.Notable & Unique: People
One of the unique characteristics of the NW 7th Ave / NW 5th St neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.5% of the neighborhoods in America. The NW 7th Ave / NW 5th St neighborhood also has a greater percentage of children living in poverty (86.2%) than found in 99.6% 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, one of the most interesting things about the NW 7th Ave / NW 5th St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 50.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.8% of the neighborhoods in America.Notable & Unique: Occupations
There are more people living in the NW 7th Ave / NW 5th St neighborhood employed as sales and service workers (45.0%) 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.Notable & Unique: Real Estate
In addition, renter-occupied real estate is dominant in the NW 7th Ave / NW 5th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.6%, which is higher than 98.3% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the NW 7th Ave / NW 5th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 79.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.2% of all neighborhoods in America.The Neighbors The Neighbors: Income
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 NW 7th Ave / NW 5th St 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 98.5% of U.S. neighborhoods. With 86.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.6% of U.S. neighborhoods.The Neighbors: Occupations
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 NW 7th Ave / NW 5th St neighborhood, 55.0% 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 clerical, assistant, and tech support occupations, with 25.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.2%), and 5.4% in government jobs, whether they are in local, state, or federal positions.The Neighbors: 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 NW 7th Ave / NW 5th St neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (29.1%). There are also a number of people of South American ancestry (6.9%) , and residents who report Puerto Rican roots (5.6%) , and some of the residents are also of Sub-Saharan African ancestry (4.5%) , along with some Haitia ancestry residents (3.6%), among others. In addition, 37.9% of the residents of this neighborhood were born in another country.The Neighbors: 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 NW 7th Ave / NW 5th St neighborhood is Spanish, spoken by 50.1% of households. Other important languages spoken here include English and African languages.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 NW 7th Ave / NW 5th St neighborhood spend under 15 minutes commuting one-way to work (38.5% of working residents), one of the shortest commutes across America.
Here most residents (65.6%) 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 (9.8%) and 8.4% of residents also ride the bus 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.
|MEDIAN HOUSE VALUE||$161,990|
HOUSE VALUE RANGE
|RENTAL PRICE||Very low cost relative to FL, very low cost relative to the nation|
|NEIGHBORHOOD LOOK, FEEL, & CHARACTER||DETAILS|
|THE SETTING||Urban (based on population density)|
|TYPE OF HOMES / DWELLINGS||Mostly Complexes/high rise apartments, some Rowhouses & attached homes, some Single-family homes and a few Small apartment buildings|
|SIZE OF HOMES / DWELLINGS||Mostly Small dwellings (1, 2, or no bedrooms), some Medium-sized dwellings (3 or 4 bedrooms) and a few Large dwellings (4 or 5 bedrooms)|
|AGE OF HOMES / DWELLINGS||Mostly Well established older homes (Built 1940 - 1969), some Newer Homes (Built 2000 or later), some Established but not old (Built 1970 – 1999) and some Historic homes (Built 1939 or earlier)|
|SPECIAL CHARACTER||Mostly Walkable and Hip & Trendy|
|AGE & LIFESTYLE||Mostly Mixed ages, some Young singles-upwardly mobile (young, educated, professionally employed, and single), some Seniors (people 65 and over) and some Families with children (family households with school-aged children)|
|EDUCATION LEVEL||Rating: 4 (5 is average for the U.S., 10 is most educated)|
|INCOME||Low income (among the 15% lowest income communities in America)|
|OCCUPATIONS||Mostly Sales & Service workers, some Clerical, assistants & technical support, some Manufacturing & Laborers, some Government employees and some Executive, managerial & professional|
|ETHNICITY / ANCESTRY||Mostly Hispanic, some Black, some Puerto Rican and some White (non-Hispanic)|
|LANGUAGES||Mostly Spanish speaking and some English speaking|
|SCHOOLS IN THIS NEIGHBORHOOD *||GRADES|
DOWNTOWN MIAMI CHARTER SCHOOL
305 NW 3RD AVE, MIAMI, FL 33128
LAW ENFORCEMENT OFFICERS MEMORIAL HIGH SCHOOL
300 NW 2ND AVE, MIAMI, FL 33128
* Depending on where you live in this neighborhood, your children may attend these schools or other schools outside the neighborhood. Always check with your local school department to determine which schools your children may attend based on your specific address and your child's grade-level.
This neighborhood is served by one 1 district.
347,366 Students enrolled in District
READING & MATH
|ETHNIC/RACIAL GROUPS||THIS DISTRICT||THIS STATE|
|WHITE (NON-HISPANIC) (%)||8.6||43.0|
|ASIAN OR PACIFIC ISLANDER (%)||1.2||2.5|
|AMERICAN INDIAN OR NATIVE OF ALASKA (%)||0.1||0.4|
|ECONOMIC GROUPS||THIS DISTRICT||THIS STATE|
|ECONOMICALLY DISADVANTAGED (%)||70.2||56.0|
|FOR THIS DISTRICT||PER STUDENT||TOTAL||% OF TOTAL|
|NEIGHBORHOOD EDUCATIONAL ENVIRONMENT|
|ADULTS IN NEIGHBORHOOD WITH COLLEGE DEGREE OR HIGHER (%)||14.8|
|CHILDREN IN THE NEIGHBORHOOD LIVING IN POVERTY (%)||86.2|
|PERIOD||TOTAL APPRECIATION||AVG. ANNUAL RATE||COMPARED TO FL*||COMPARED TO AMERICA*|
|LAST 10 YEARS|
|LAST 5 YEARS|
|LAST 2 YEARS|
|LAST 12 MONTHS|
|* 10 is highest|
NW 7th Ave / NW 5th St neighborhood appreciation rates are for subscribers only. Miami, FL appreciation rates (city-wide averages) are open to all visitors.
National Median 3.9
My chances of becoming a victim
in NW 7th Ave / NW 5th St SUBSCRIBE FOR DETAIL
in Miami 1 in 84
in Florida 1 in 194
National Median 29.1
My chances of becoming a victim
in NW 7th Ave / NW 5th St SUBSCRIBE FOR DETAIL
in Miami 1 in 18
in Florida 1 in 28
NW 7th Ave / NW 5th St neighborhood Crime data are subscription only. Miami, FL crime rates (city-wide averages) are open to all visitors.
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