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Real Estate Prices & Overview

S Okeechobee Rd / W 18th St median real estate price is $524,220, which is more expensive than 69.8% of the neighborhoods in Florida and 71.4% of the neighborhoods in the U.S.

The average rental price in S Okeechobee Rd / W 18th St is currently $2,779, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.7% of Florida neighborhoods.

S Okeechobee Rd / W 18th St is an urban neighborhood (based on population density) located in Hialeah, Florida.

S Okeechobee Rd / W 18th 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the S Okeechobee Rd / W 18th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In S Okeechobee Rd / W 18th St, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 82.4% of all neighborhoods in the U.S. This means that the housing supply in S Okeechobee Rd / W 18th St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hialeah, the S Okeechobee Rd / W 18th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

NeighborhoodScout's exclusive research identifies the S Okeechobee Rd / W 18th St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 43.4% of its working residents employed in such fields, which is a higher proportion than 96.3% of American neighborhoods.

Diversity

Did you know that the S Okeechobee Rd / W 18th St neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 85.3% of this neighborhood's residents have Cuban ancestry.

S Okeechobee Rd / W 18th St is also pretty special linguistically. Significantly, 93.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.8% of all U.S. neighborhoods.

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 S Okeechobee Rd / W 18th St neighborhood has a greater percentage of residents born in another country (75.0%) than are found in 99.9% 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 S Okeechobee Rd / W 18th St neighborhood in Hialeah are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.8% of U.S. neighborhoods. With 44.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.8% of U.S. neighborhoods.

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 S Okeechobee Rd / W 18th St neighborhood, 43.4% of the working population is employed in manufacturing and laborer 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 22.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.7%), and 14.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the S Okeechobee Rd / W 18th St neighborhood is Spanish, spoken by 93.4% of households. Some people also speak English (6.6%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the S Okeechobee Rd / W 18th St neighborhood in Hialeah, FL, residents most commonly identify their ethnicity or ancestry as Cuban (85.3%). There are also a number of people of Puerto Rican ancestry (4.2%), and residents who report South American roots (3.2%). In addition, 75.0% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in S Okeechobee Rd / W 18th St neighborhood spend between 15 and 30 minutes commuting one-way to work (39.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.5%) 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 (8.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Commute To Work
Migration & Mobility
Race & Ethnic Diversity
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