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Real Estate Prices & Overview

Olympia Heights / Sunset median real estate price is $645,101, which is more expensive than 75.5% of the neighborhoods in Florida and 76.3% of the neighborhoods in the U.S.

The average rental price in Olympia Heights / Sunset is currently $3,429, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.8% of the neighborhoods in Florida.

Olympia Heights / Sunset is a suburban neighborhood (based on population density) located in Miami, Florida.

Olympia Heights / Sunset real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Olympia Heights / Sunset neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Olympia Heights / Sunset, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 81.7% of all neighborhoods in the U.S. This means that the housing supply in Olympia Heights / Sunset 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 Olympia Heights / Sunset neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Olympia Heights / Sunset neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Diversity

Did you know that the Olympia Heights / Sunset neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 71.8% of this neighborhood's residents have Cuban ancestry and 6.6% have South American ancestry.

Olympia Heights / Sunset is also pretty special linguistically. Significantly, 89.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.5% of all U.S. neighborhoods.

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 Olympia Heights / Sunset neighborhood has a greater percentage of residents born in another country (62.2%) than are found in 99.4% of all U.S. neighborhoods.

The Neighbors

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 Olympia Heights / Sunset neighborhood in Miami are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.2% 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.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Olympia Heights / Sunset neighborhood, 41.4% 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 31.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.0%), and 12.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Olympia Heights / Sunset neighborhood is Spanish, spoken by 89.9% of households. Some people also speak English (9.0%).

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 Olympia Heights / Sunset neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (71.8%). There are also a number of people of South American ancestry (6.6%), and residents who report Dominican roots (1.6%), and some of the residents are also of Polish ancestry (1.3%), along with some Spanish ancestry residents (1.3%), among others. In addition, 62.2% 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 Olympia Heights / Sunset neighborhood spend between 30 and 45 minutes commuting one-way to work (42.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (72.3%) 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 (10.7%) . 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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