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 SW 92nd Ave / SW 48th St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the SW 92nd Ave / SW 48th St neighborhood has more
Cuban and South American ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 72.7% of
this neighborhood's residents have Cuban ancestry and 8.4% have South American ancestry.
SW 92nd Ave / SW 48th St is also pretty special linguistically. Significantly, 84.9% of its residents five years old and above primarily
speak Spanish at home. This is a higher percentage than 99.0% of all U.S. neighborhoods.
Notable & Unique: 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 SW 92nd Ave / SW 48th St neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 96.6% 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 SW 92nd Ave / SW 48th St
neighborhood has a greater percentage of residents born in another country
(58.2%) than are found in 99.0% of all U.S. neighborhoods.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the SW 92nd Ave / SW 48th St neighborhood buck
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 24.3% of the households here have four, five,
or more cars. That is more cars per household than in 98.8% of
the neighborhoods in the nation.
Notable & Unique: People
If you're looking for a great spot to raise a family, then look no
further than the SW 92nd Ave / SW 48th St neighborhood. NeighborhoodScout's
analysis found that the combination of good quality public schools,
above-average safety from crime, and a high rate of home ownership in
predominantly single-family homes, help make this neighborhood
among the top 13.9% of family-friendly neighborhoods
across the state of Florida. In addition, there are a high proportion
of other families with school-aged children living here, making it easy
for parents and their children to socialize and develop a sense of community
support. In addition, families here highly value education, as is reflected
by the strength of the local schools, in part due to the educational
attainment of the parents here, who vote in support of the public schools.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the SW 92nd Ave / SW 48th St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the SW 92nd Ave / SW 48th St neighborhood, is that an incredible 82.7% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.