Miami Beach, FL (5th St / Meridian Ave)




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5th St / Meridian Ave

NEIGHBORHOOD REPORT
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640 Vital Statistics. 33 Condition Alerts found.

Real Estate alerts

Real Estate


44

Statistics

alerts 6 Alerts

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Demographics alerts

Demographics


136

Statistics

alerts 1 Alert

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Crimes alerts

Crimes


67

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alerts 6 Alerts

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Schools alerts

Schools


65

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alerts 7 Alerts

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328

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alerts 13 Alerts

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About Miami Beach, FL (5th St / Meridian Ave)


Real Estate Prices and Overview

5th St / Meridian Ave median real estate price is $305,324, which is more expensive than 63.6% of the neighborhoods in Florida and 62.8% of the neighborhoods in the U.S.

The average rental price in 5th St / Meridian Ave is currently $1,242, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.5% of Florida neighborhoods.

5th St / Meridian Ave is a densely urban neighborhood (based on population density) located in Miami Beach, Florida.

5th St / Meridian Ave 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the 5th St / Meridian Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in 5th St / Meridian Ave. The current real estate vacancy rate here is 18.5%. This is higher than the rate of vacancies in 82.5% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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

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.

Notable & Unique: Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the 5th St / Meridian Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 100.0% of all American neighborhoods.

Notable & Unique: Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 22.5% of residents in the 5th St / Meridian Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, more people in 5th St / Meridian Ave choose to walk to work each day (36.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Notable & Unique: Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the 5th St / Meridian Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the 5th St / Meridian Ave neighborhood has a greater percentage of residents born in another country (72.4%) than are found in 99.9% of all U.S. neighborhoods.

Notable & Unique: Real Estate

The 5th St / Meridian Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 97.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, the real estate in the 5th St / Meridian Ave 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, 79.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.1% of American neighborhoods.

Furthermore, if you like crowded places, then you will probably enjoy the the 5th St / Meridian Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 22,136 people per square mile living here.

Notable & Unique: Diversity

Did you know that the 5th St / Meridian Ave neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.3% of this neighborhood's residents have Cuban ancestry and 11.8% have South American ancestry.

5th St / Meridian Ave is also pretty special linguistically. Significantly, 79.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.5% of all U.S. neighborhoods.

Notable & Unique: People

One of the most interesting things about the 5th St / Meridian Ave neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 57.8% 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 99.0% of the neighborhoods in America.

In addition, the 5th St / Meridian Ave neighborhood has a greater percentage of children living in poverty (72.8%) than found in 98.5% 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.

Also, with a nice mix of college students, safety from crime, and decent walkability, the 5th St / Meridian Ave neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.4% of the neighborhoods in FL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Notable & Unique: Car Ownership

American households most often have a car, and regularly they have two or three. But households in the 5th St / Meridian Ave neighborhood buck this trend. 56.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.


The Neighbors

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 5th St / Meridian Ave neighborhood in Miami Beach are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.6% of U.S. neighborhoods. With 72.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.5% of U.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 5th St / Meridian Ave neighborhood, 73.2% 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 executive, management, and professional occupations, with 14.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.0%), and 4.9% in manufacturing and laborer 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 5th St / Meridian Ave neighborhood in Miami Beach, FL, residents most commonly identify their ethnicity or ancestry as Cuban (18.3%). There are also a number of people of South American ancestry (11.8%), and residents who report Italian roots (4.2%), and some of the residents are also of Puerto Rican ancestry (3.2%), along with some Irish ancestry residents (2.7%), among others. In addition, 72.4% 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 5th St / Meridian Ave neighborhood is Spanish, spoken by 79.8% of households. Other important languages spoken here include English and South Asian 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 5th St / Meridian Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (42.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (36.2%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (29.4%) and 22.5% of residents also bicycle for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.

Neighborhood Real Estate Data

44 Vital Statistics. 6 Condition Alerts found.

Average Home Values

 

Median Home Value:
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Median Real Estate Taxes:
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Neighborhood Home Prices

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years of average rent needed to buy average home in this neighborhood
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Average Market Rent

 

Average Market Rent:
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MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

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Setting

 
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Neighborhood Look and Feel

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Housing Market Details

 

AGE OF Miami Beach, FL (5th St / Meridian Ave) HOMES

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TYPE OF Miami Beach, FL (5th St / Meridian Ave) HOMES

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SIZE OF Miami Beach, FL (5th St / Meridian Ave) HOMES

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SIZE OF Miami Beach, FL (5th St / Meridian Ave) HOMES

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homeownership

 
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Neighborhood Demographics Data

136 Vital Statistics. 1 Condition Alert found.

Lifestyle

 
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Special character

 
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Age / Marital Status

 

Age

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Gender Ratio

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Military & College Status

 
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Household Types

 

One person households

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Married Couple with Child

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Single Parent with Child

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Employment Industries in 5th St / Meridian Ave

 
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Commute to work

 

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Means Of Transport

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Vehicles Per Household

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Migration & Mobility

 
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Race & Ethnic Diversity

 
Diversity Index

(100 is the most diverse)


More diverse than of U.S. neighborhoods.

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Occupations

 
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Ancestries & Languages Spoken

 

Ancestry (top 20)

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Unemployment Rate

 
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Average Income

 

Per Capita Income

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Education

 

Percent with College Degree

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income & education

 
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Neighborhood Crime Data

67 Vital Statistics. 6 Condition Alerts found.

Neighborhood Crime Data

 
total Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Neighborhood Annual Crimes
  Violent Property Total
Number of Crimes
Crime Rate
(per 1,000 residents)

Neighborhood Violent Crime

violent Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Violent Crime Index By Type
Murder
Index
Rape
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Robbery
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Assault
Index

100 is safest

100 is safest

100 is safest

100 is safest

violent Crime Comparison (per 1,000 residents)

Crime
5th St / Meridian Ave 0.101011101001110
Miami Beach 0.101011101001110
Florida 4.62
My Chances of Becoming a Victim of a Violent Crime

1 in

in 5th St / Meridian Ave

1 in

in Miami Beach

1 in 217

in Florida
Miami Beach VIOLENT CRIMES
Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000
United States VIOLENT CRIMES
Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

Neighborhood Property Crime

property Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Property Crime Index By Type
Burglary
Index
Theft
Index
Motor Vehicle
Theft

100 is safest

100 is safest

100 is safest

property Crime Comparison (per 1,000 residents)

Crime
5th St / Meridian Ave 0.101011101001110
Miami Beach 0.101011101001110
Florida 28.13
My Chances of Becoming a Victim of a Property Crime

1 in

in 5th St / Meridian Ave

1 in

in Miami Beach

1 in 36

in Florida
Miami Beach Property CRIMES
Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000
United States Property CRIMES
Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

Crimes Per Square Mile

Crime
5th St / Meridian Ave 0.101011101001110
Miami Beach 0.101011101001110
Florida 64

Neighborhood Public School Data

65 Vital Statistics. 7 Condition Alerts found.

School Rating Information

 
School Quality

(100 is best)

Better than of U.S. schools.

Neighborhood School Quality Rating

Rates the quality of all K-12 public schools that serve this neighborhood. Info

Schools That Serve This Neighborhood *

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Neighborhood Educational Environment

Adults In Neighborhood With College Degree Or Higher
Children In The Neighborhood Living In Poverty

This neighborhood is served by 1 district:

DADE


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to Florida

(10 is best)

Better than of FL school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

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Public School Test Scores (No Child Left Behind)

Discipline District State
Proficiency in Reading and Math 0.101011101001110 0.101011101001110
Proficiency in Reading 0.101011101001110 0.101011101001110
Proficiency in Math 0.101011101001110 0.101011101001110

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

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