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Real Estate Prices & Overview

SW 82nd Ave / SW 56th St median real estate price is $1,064,654, which is more expensive than 87.8% of the neighborhoods in Florida and 85.4% of the neighborhoods in the U.S.

The average rental price in SW 82nd Ave / SW 56th St is currently $4,327, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.1% of the neighborhoods in Florida.

SW 82nd Ave / SW 56th St is a suburban neighborhood (based on population density) located in Miami, Florida.

SW 82nd Ave / SW 56th St real estate 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 SW 82nd Ave / SW 56th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In SW 82nd Ave / SW 56th St, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.7% of all neighborhoods in the U.S. This means that the housing supply in SW 82nd Ave / SW 56th St is very tight compared to the demand for property here.

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.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the SW 82nd Ave / SW 56th St neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 60.9% of the households here have four, five, or more cars. That is more cars per household than in 99.9% of the neighborhoods in the nation.

Modes of Transportation

A unique way of commuting is simply not to. And in the SW 82nd Ave / SW 56th St neighborhood, analysis shows that 35.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.9% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Diversity

Did you know that the SW 82nd Ave / SW 56th St neighborhood has more Cuban and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 61.0% of this neighborhood's residents have Cuban ancestry and 14.0% have Swedish ancestry.

SW 82nd Ave / SW 56th St is also pretty special linguistically. Significantly, 67.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.0% of all U.S. neighborhoods.

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. More residents of the SW 82nd Ave / SW 56th St neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.9% 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.

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 SW 82nd Ave / SW 56th St 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 93.2% of the neighborhoods in America. With 36.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.1% 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 SW 82nd Ave / SW 56th St neighborhood, 46.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.6%), and 11.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the SW 82nd Ave / SW 56th St neighborhood is Spanish, spoken by 67.5% of households. Some people also speak English (31.1%).

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 SW 82nd Ave / SW 56th St neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (61.0%). There are also a number of people of Irish ancestry (22.6%), and residents who report Swedish roots (14.0%), and some of the residents are also of German ancestry (6.9%), along with some South American ancestry residents (5.3%), among others. In addition, 37.1% 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 SW 82nd Ave / SW 56th St neighborhood spend between 15 and 30 minutes commuting one-way to work (34.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (54.1%) 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 (10.2%) . 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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