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Real Estate Prices & Overview

Median real estate price in the Town Center of Cutler Bay is $573,031, which is more expensive than 75.1% of the neighborhoods in Florida and 74.9% of the neighborhoods in the U.S.

The average rental price in Cutler Bay Town Center is currently $3,759, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.1% of the neighborhoods in Florida.

Cutler Bay Town Center is an urban neighborhood (based on population density) located in Cutler Bay, Florida.

Real estate in the Town Center of Cutler Bay, FL is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Cutler Bay Town Center are 5.7%, which is lower than one will find in 62.0% of American neighborhoods. Demand for real estate in Cutler Bay Town Center is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Homes built from 2000 through today make up a higher proportion of the Cutler Bay Town Center neighborhood's real estate landscape than 99.5% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 95.4% of the residential real estate here is classified as newer. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

People

If you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Cutler Bay Town Center neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 13.5% executive lifestyle neighborhoods in the state of Florida. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for college students.

Diversity

Did you know that the Cutler Bay Town Center neighborhood has more South American and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.0% of this neighborhood's residents have South American ancestry and 12.6% have Cuban ancestry.

Cutler Bay Town Center is also pretty special linguistically. Significantly, 3.8% 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 96.5% of the neighborhoods in America.

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. More residents of the Cutler Bay Town Center neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.5% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while. What is interesting to note, is that the Cutler Bay Town Center neighborhood has a greater percentage of residents born in another country (45.4%) than are found in 96.3% 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 Town Center neighborhood in Cutler Bay are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 53.4% of the neighborhoods in America. With 11.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.4% 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 Cutler Bay Town Center neighborhood, 51.0% 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 33.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.7%), and 7.1% in government jobs, whether they are in local, state, or federal positions.

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 Cutler Bay Town Center neighborhood is Spanish, spoken by 52.6% of households. Other important languages spoken here include English and French.

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 Town Center neighborhood in Cutler Bay, FL, residents most commonly identify their ethnicity or ancestry as South American (25.0%). There are also a number of people of Cuban ancestry (12.6%), and residents who report Puerto Rican roots (9.3%), and some of the residents are also of Italian ancestry (7.2%), along with some Dominican ancestry residents (3.9%), among others. In addition, 45.4% 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 Cutler Bay Town Center neighborhood spend between 45 minutes and one hour commuting one-way to work (46.1% of working residents), longer and tougher than most commutes in America.

Here most residents (63.8%) 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 (13.7%) . 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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