Real Estate Prices and Overview
NW 7th Ave / NW 5th St median real estate prices are $135,904, which is more expensive than 38.5% of the neighborhoods
in Florida and 39.9% of the
neighborhoods in the U.S.
Average rental prices in NW 7th Ave / NW 5th St are currently
$602, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 97.3% 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 20.4%.
This is higher than the rate of vacancies in 85.3% 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
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 3.1% have Haitian ancestry.
NW 7th Ave / NW 5th St is also pretty special linguistically. Significantly, 4.9% 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 98.8% 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 (51.9%) 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: 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 98.1% of the neighborhoods
The NW 7th Ave / NW 5th St neighborhood also has a greater percentage
of children living in poverty (71.5%) than found in
98.1% 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: Migration/Stability
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
What is interesting to note, is that the NW 7th Ave / NW 5th St
neighborhood has a greater percentage of residents born in another country
(42.2%) than are found in 95.1% of all U.S. neighborhoods.
Notable & Unique: Real Estate
In addition, 95.6% of the real estate in the NW 7th Ave / NW 5th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, the real estate in the NW 7th Ave / NW 5th St 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, 77.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.9% of American neighborhoods.
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 98.1% of U.S. neighborhoods.
With 71.5% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 98.1%
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, 48.1%
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 28.3% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(14.7%), and 8.9% in executive, management, and professional occupations.
The Neighbors: 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 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 (4.6%) , along with some Dominican ancestry residents (3.5%), among others. In addition, 42.2% 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 58.5% 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 (33.0% of working
residents), one of the shortest commutes across America.
Here most residents (64.8%) 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 (9.9%) and 8.2% 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.