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Real Estate Prices & Overview

Little Havana Southeast median real estate price is $637,013, which is more expensive than 81.2% of the neighborhoods in Florida and 79.5% of the neighborhoods in the U.S.

The average rental price in Little Havana Southeast is currently $2,684, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.8% of Florida neighborhoods.

Little Havana Southeast is a densely urban neighborhood (based on population density) located in Miami, Florida.

Little Havana Southeast 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 Little Havana Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Little Havana Southeast, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 87.1% of all neighborhoods in the U.S. This means that the housing supply in Little Havana Southeast 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 Miami, the Little Havana Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (25.4% ride the bus) than 99.3% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, more people in Little Havana Southeast choose to walk to work each day (12.4%) 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.

Real Estate

99.0% of the real estate in the Little Havana Southeast neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, one of the really unique and interesting things about the look and setting of the Little Havana Southeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 91.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.4% of all neighborhoods in America.

Furthermore, the Little Havana Southeast 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 89.4% 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.

Also of note, if you like crowded places, then you will probably enjoy the the Little Havana Southeast neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.2% of neighborhoods in the U.S., with 21,057 people per square mile living here.

Diversity

Did you know that the Little Havana Southeast neighborhood has more Cuban and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.2% of this neighborhood's residents have Cuban ancestry and 12.7% have Dominican ancestry.

Little Havana Southeast is also pretty special linguistically. Significantly, 87.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.4% of all U.S. neighborhoods.

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 Little Havana Southeast neighborhood. What is interesting to note, is that the Little Havana Southeast neighborhood has a greater percentage of residents born in another country (55.2%) 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 Little Havana Southeast neighborhood in Miami are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 37.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.6% 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 Little Havana Southeast neighborhood, 34.3% 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 32.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.9%), and 7.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Little Havana Southeast neighborhood is Spanish, spoken by 87.7% of households. Some people also speak English (12.0%).

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 Little Havana Southeast neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (18.9%). There are also a number of people of Cuban ancestry (15.2%), and residents who report Dominican roots (12.7%), and some of the residents are also of South American ancestry (7.1%), along with some Spanish ancestry residents (2.5%), among others. In addition, 55.2% 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 Little Havana Southeast neighborhood spend between 30 and 45 minutes commuting one-way to work (57.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (46.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (25.4%) and 15.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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