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Real Estate Prices & Overview

Silver Bluff Estates / Coral Way median real estate price is $919,248, which is more expensive than 91.5% of the neighborhoods in Florida and 89.1% of the neighborhoods in the U.S.

The average rental price in Silver Bluff Estates / Coral Way is currently $3,470, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.3% of the neighborhoods in Florida.

Silver Bluff Estates / Coral Way is an urban neighborhood (based on population density) located in Miami, Florida.

Silver Bluff Estates / Coral Way real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Silver Bluff Estates / Coral Way neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Silver Bluff Estates / Coral Way are 5.5%, which is lower than one will find in 63.4% of American neighborhoods. Demand for real estate in Silver Bluff Estates / Coral Way 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

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.

People

Of note is NeighborhoodScout's research finding that the Silver Bluff Estates / Coral Way neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Silver Bluff Estates / Coral Way community truly stands out from the rest in this regard.

In addition, astoundingly, the Silver Bluff Estates / Coral Way neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.1% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Miami neighborhood.

Also, with a nice mix of college students, safety from crime, and decent walkability, the Silver Bluff Estates / Coral Way 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 87.5% 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.

Diversity

Did you know that the Silver Bluff Estates / Coral Way neighborhood has more Cuban and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.4% of this neighborhood's residents have Cuban ancestry and 2.2% have Brazilian ancestry.

Silver Bluff Estates / Coral Way is also pretty special linguistically. Significantly, 74.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.0% 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. What is interesting to note, is that the Silver Bluff Estates / Coral Way neighborhood has a greater percentage of residents born in another country (48.5%) than are found in 97.3% 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 Silver Bluff Estates / Coral Way 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 57.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Silver Bluff Estates / Coral Way neighborhood, 50.3% 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 28.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.3%), and 9.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Silver Bluff Estates / Coral Way neighborhood is Spanish, spoken by 74.3% of households. Some people also speak English (23.0%).

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 Silver Bluff Estates / Coral Way neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (59.4%). There are also a number of people of South American ancestry (5.8%), and residents who report Puerto Rican roots (5.0%), and some of the residents are also of Dominican ancestry (4.2%), along with some Mexican ancestry residents (4.0%), among others. In addition, 48.5% 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 Silver Bluff Estates / Coral Way neighborhood spend between 30 and 45 minutes commuting one-way to work (51.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (77.6%) drive alone in a private automobile to get to work. 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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Economics & Demographics include:
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Race & Ethnic Diversity
Employment Industries & Occupations
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Crime includes:
Neighborhood Crime Index
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Schools include:
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