Miami, FL (Palmetto Estates)








About Miami, FL (Palmetto Estates)


Real Estate Prices and Overview

Palmetto Estates median real estate price is $279,200, which is more expensive than 58.1% of the neighborhoods in Florida and 59.6% of the neighborhoods in the U.S.

The average rental price in Palmetto Estates is currently $1,836, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.2% of the neighborhoods in Florida.

Palmetto Estates is an urban neighborhood (based on population density) located in Miami, Florida.

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

Real estate vacancies in Palmetto Estates are 5.0%, which is lower than one will find in 74.1% of American neighborhoods. Demand for real estate in Palmetto Estates is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Palmetto Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Notable & Unique: People

Palmetto Estates has the amazing distinction of housing more same sex couples living together than 97.9% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Notable & Unique: Diversity

Did you know that the Palmetto Estates neighborhood has more Cuban and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.3% of this neighborhood's residents have Cuban ancestry and 8.7% have Jamaican ancestry.

Palmetto Estates is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 96.7% of the neighborhoods in America.

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. What is interesting to note, is that the Palmetto Estates neighborhood has a greater percentage of residents born in another country (43.1%) than are found in 95.6% of all 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 Palmetto Estates neighborhood in Miami are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.7% of the neighborhoods in America. In addition, 1.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 86.8% of America's neighborhoods.

The Neighbors: Occupations

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 Palmetto Estates neighborhood, 38.3% 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 24.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.9%), and 13.3% in clerical, assistant, and tech support occupations.

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 Palmetto Estates neighborhood is Spanish, spoken by 53.3% of households. Other important languages spoken here include English and Vietnamese.

The Neighbors: 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 Palmetto Estates neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (29.3%). There are also a number of people of Jamaican ancestry (8.7%), and residents who report South American roots (6.2%), and some of the residents are also of Puerto Rican ancestry (4.3%), along with some Haitian ancestry residents (3.4%), among others. In addition, 43.1% 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 Palmetto Estates neighborhood spend between 45 minutes and one hour commuting one-way to work (33.8% of working residents), longer and tougher than most commutes in America.

Here most residents (80.1%) 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 (9.6%) and 5.4% of residents also ride the bus 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.


Neighborhood Real Estate Data

Source
Real Estate Data Tutorial

Analytics built by:   Location, Inc.

Raw data sources:   National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

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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Rental Market

 

Average Market Rent:
/ per month

GROSS RENTAL YIELD:
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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, FL (Palmetto Estates) HOMES

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TYPE OF Miami, FL (Palmetto Estates) HOMES

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SIZE OF Miami, FL (Palmetto Estates) HOMES

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SIZE OF Miami, FL (Palmetto Estates) HOMES

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homeownership

 
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Neighborhood Demographics Data

Source
Demographics Data Tutorial

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.

Date(s) & Update Frequency:   2018 (latest available). Updated annually. Please note: Unemployment data updated November 2020.

Methodology:   Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more about Scout's Demographic Data

Lifestyle

 
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Special character

 
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Age / Marital Status

 

Gender Ratio

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Military & College Status

 
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Employment Industries in Palmetto Estates

 
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Commute to work

 

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Vehicles Per Household

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Migration & Mobility

 

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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Languages Spoken (top 20)

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Unemployment Rate

 
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Average Income

 

Per Capita Income

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Median Household Income

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Education

 

Percent with College Degree

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Percent with Advanced Degree

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income & education

 
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Neighborhood Crime Data

Source
Crime Data Tutorial

Analytics built by:   Location, Inc.

Raw data sources:   18,000 local law enforcement agencies in the U.S.

Date(s) & Update Frequency:   Reflects 2019 calendar year; released from FBI in Sept. 2020 (latest available). Updated annually. Where is 2020 data?

Methodology:   Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data

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
Index
Robbery
Index
Assault
Index

100 is safest

100 is safest

100 is safest

100 is safest

Violent Crime Comparison (per 1,000 residents)

20 15 10 5 0
LOCKED
LOCKED
3.78
National Median: 4
    Palmetto Estates
    Miami
    Florida

My Chances of Becoming a Victim of a Violent Crime

1 in

in Palmetto Estates

1 in

in Miami

1 in 264

in Florida

Miami 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)

100 75 50 25 0
LOCKED
LOCKED
21.46
National Median: 21
    Palmetto Estates
    Miami
    Florida

My Chances of Becoming a Victim of a Property Crime

1 in

in Palmetto Estates

1 in

in Miami

1 in 47

in Florida

Miami 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

200 150 100 50 0
LOCKED
LOCKED
52
National Median: 28.3
    Palmetto Estates
    Miami
    Florida

Neighborhood Public School Data

Source
School Data Tutorial

Analytics built by:   Location, Inc.

Raw data sources:
  • Test Scores: Edfacts (U.S. Department of Education), State departments of education.
  • Expenditures: National Center for Education Statistics.
  • Educational Environment: American Community Survey (U.S. Census Bureau).
Date(s) & Update Frequency:
  • Test data: Reflects 2018 – 2019 school year.
  • Expenditures: 2017
  • Educational Environment: 2018 (latest available). Updated annually.

Methodology:   Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more about Scout's School Data

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

 
School Details Grades Quality Rating Compared to FL* Quality Rating Compared to Nation*
Colonial Drive Elementary School
10755 Sw 160 Th St
Miami, FL 33157
KG-05
Ethel F. Beckford/richmond Primary Learning Center School
16929 Sw 104 Th Ave
Miami, FL 33157
PK-PK
Miami Killian Senior High School
10655 Sw 97 Th Ave
Miami, FL 33176
09-12
Miami Palmetto Senior High School
7460 Sw 118 Th St
Miami, FL 33156
08-12
Miami Southridge Senior High School
19355 Sw 114 Th Ave
Miami, FL 33157
08-12
Palmetto Middle School
7351 Sw 128 Th St
Miami, FL 33156
06-08
Richmond Heights Middle School
15015 Sw 103 Rd Ave
Miami, FL 33176
06-08
Southwood Middle School
16301 Sw 80 Th Ave
Palmetto Bay, FL 33157
06-08
* 10 is highest

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:

MIAMI-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.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

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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