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Real Estate Prices & Overview

Aventura Bay / Eastside At Aventura median real estate price is $529,323, which is more expensive than 66.5% of the neighborhoods in Florida and 69.8% of the neighborhoods in the U.S.

The average rental price in Aventura Bay / Eastside At Aventura is currently $4,790, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.6% of the neighborhoods in Florida.

Aventura Bay / Eastside At Aventura is a densely urban neighborhood (based on population density) located in Aventura, Florida.

Aventura Bay / Eastside At Aventura 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 occupied by a mixture of owners and renters. Many of the residences in the Aventura Bay / Eastside At Aventura neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Aventura Bay / Eastside At Aventura. The current real estate vacancy rate here is 38.2%. This is higher than the rate of vacancies in 97.2% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (30.0%). This can occur in 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. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

The real estate in the Aventura Bay / Eastside At Aventura 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, 88.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.9% of American neighborhoods.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 38.2% of the residential real estate vacant, the Aventura Bay / Eastside At Aventura neighborhood claims the distinction of having a higher vacancy rate than 97.2% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Furthermore, if you like crowded places, then you will probably enjoy the the Aventura Bay / Eastside At Aventura neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.0% of neighborhoods in the U.S., with 24,527 people per square mile living here.

Diversity

Did you know that the Aventura Bay / Eastside At Aventura neighborhood has more Russian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.7% of this neighborhood's residents have Russian ancestry and 20.9% have South American ancestry.

Aventura Bay / Eastside At Aventura is also pretty special linguistically. Significantly, 4.3% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

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 Aventura Bay / Eastside At Aventura neighborhood. What is interesting to note, is that the Aventura Bay / Eastside At Aventura neighborhood has a greater percentage of residents born in another country (55.4%) than are found in 98.6% 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 Aventura Bay / Eastside At Aventura neighborhood in Aventura are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.5% of the neighborhoods in America. With 11.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.4% of U.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 Aventura Bay / Eastside At Aventura neighborhood, 60.4% 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 26.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.8%), and 6.5% in manufacturing and laborer occupations.

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 Aventura Bay / Eastside At Aventura neighborhood is Spanish, spoken by 41.2% of households. Other important languages spoken here include English, French and Russian.

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 Aventura Bay / Eastside At Aventura neighborhood in Aventura, FL, residents most commonly identify their ethnicity or ancestry as South American (20.9%). There are also a number of people of Russian ancestry (9.7%), and residents who report Mexican roots (7.1%), and some of the residents are also of Italian ancestry (6.0%), along with some French ancestry residents (5.8%), among others. In addition, 55.4% 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 Aventura Bay / Eastside At Aventura neighborhood spend between 15 and 30 minutes commuting one-way to work (33.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.3%) 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 (5.1%) . 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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