Found within zip codes: 33133
Popular real estate near Miami, FL (Coconut Grove)
Coconut Grove median real estate prices are $907,953, which is more expensive than 99.5% of the neighborhoods in Florida and 98.7% of the neighborhoods in the U.S.
Average rental prices in Coconut Grove are currently $1,848, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.9% of the neighborhoods in Florida.
Coconut Grove is an urban neighborhood (based on population density) located in Miami, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Coconut Grove real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Coconut Grove neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Coconut Grove has a 15.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.8% of American neighborhoods). This could either signal that there is weak demand for real estate in the neighborhood, or that much of the housing stock is seasonally occupied, which can occur in some markets dominated by colleges or vacation homes. Either way, if you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.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: Real Estate
Coconut Grove is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Coconut Grove is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.Notable & Unique: Diversity
Did you know that the Coconut Grove neighborhood has more British and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have British ancestry and 11.7% have Cuban ancestry.
Coconut Grove is also pretty special linguistically. Significantly, 3.6% 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.Notable & Unique: People
A majority of the adults in the Coconut Grove neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Florida by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 98.7% of the neighborhoods in Florida. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates , families with school-aged children and college students.
In addition, Coconut Grove has the amazing distinction of housing more same sex couples living together than 97.8% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Coconut Grove neighborhood, where 37.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 8.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.8% of the neighborhoods in America.
Finally, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.7% of America's neighborhoods are wealthier than the Coconut Grove neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.Notable & Unique: Occupations
The Coconut Grove neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.5% of the neighborhoods in American. In fact, 71.2% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.Notable & Unique: Modes of Transportation
In the Coconut Grove neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 13.8% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.The Neighbors The Neighbors: Income
There are two complimentary 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 Coconut Grove neighborhood in Miami are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.3% of the neighborhoods in America. In addition, 9.6% 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 61.0% of America's neighborhoods.The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle. In the Coconut Grove neighborhood, 71.2% 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 17.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.0%), and 3.4% in manufacturing and laborer occupations.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 Coconut Grove neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (11.7%). There are also a number of people of South American ancestry (9.9%) , and residents who report English roots (7.9%) , and some of the residents are also of German ancestry (7.1%) , along with some Irish ancestry residents (7.0%), among others. In addition, 22.4% 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 Coconut Grove neighborhood is English, spoken by 53.9% of households. Other important languages spoken here include Spanish and French.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 Coconut Grove neighborhood spend between 15 and 30 minutes commuting one-way to work (44.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.2%) 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 (12.0%) . 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||$907,953|
HOUSE VALUE RANGE
|RENTAL PRICE||Very high cost relative to FL, very high cost relative to the nation|
|NEIGHBORHOOD LOOK, FEEL, & CHARACTER||DETAILS|
|THE SETTING||Urban (based on population density) , coastal|
|TYPE OF HOMES / DWELLINGS||Mostly Single-family homes and a few Rowhouses & attached homes|
|SIZE OF HOMES / DWELLINGS||Mostly Medium-sized dwellings (3 or 4 bedrooms), some Large dwellings (4 or 5 bedrooms) and a few Small dwellings (1, 2, or no bedrooms)|
|AGE OF HOMES / DWELLINGS||Mostly Well established older homes (Built 1940 - 1969), some Established but not old (Built 1970 – 1999), some Historic homes (Built 1939 or earlier) and some Newer Homes (Built 2000 or later)|
|HOMEOWNERSHIP||Mostly Owner occupied|
|SPECIAL CHARACTER||Mostly Nautical, Urban Sophisticates, Hip & Trendy, Walkable and Quiet|
|AGE & LIFESTYLE||Mostly Young singles-upwardly mobile (young, educated, professionally employed, and single), some Mixed ages, some Families with children (family households with school-aged children) and some Seniors (people 65 and over)|
|EDUCATION LEVEL||Rating: 10 (5 is average for the U.S., 10 is most educated)|
|INCOME||Wealthy (among the 15% most wealthy communities in America)|
|OCCUPATIONS||Mostly Executive, managerial & professional, some Sales & Service workers, some Clerical, assistants & technical support and some Manufacturing & Laborers|
|ETHNICITY / ANCESTRY||Mostly White (non-Hispanic), some Hispanic, some Irish ancestry, some Italian ancestry, some Black, some Mexican, some Puerto Rican and some Arabian|
|LANGUAGES||Mostly English speaking, some Spanish speaking, some French speaking and some Portuguese speaking|
|SCHOOLS IN THIS NEIGHBORHOOD||GRADES|
|There are no schools physically located in this neighborhood.|
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 (%)||72.4|
|CHILDREN IN THE NEIGHBORHOOD LIVING IN POVERTY (%)||9.6|
|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|
Coconut Grove 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 Coconut Grove SUBSCRIBE FOR DETAIL
in Miami 1 in 84
in Florida 1 in 194
National Median 29.1
My chances of becoming a victim
in Coconut Grove SUBSCRIBE FOR DETAIL
in Miami 1 in 18
in Florida 1 in 28
Coconut Grove neighborhood Crime data are subscription only. Miami, FL crime rates (city-wide averages) are open to all visitors.
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