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Real Estate Prices & Overview

Southwest Homestead median real estate price is $450,778, which is more expensive than 52.0% of the neighborhoods in Florida and 56.8% of the neighborhoods in the U.S.

The average rental price in Southwest Homestead is currently $1,950, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.0% of Florida neighborhoods.

Southwest Homestead is an urban neighborhood (based on population density) located in Homestead, Florida.

Southwest Homestead 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 renter occupied. Many of the residences in the Southwest Homestead 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 Southwest Homestead, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 86.6% of all neighborhoods in the U.S. This means that the housing supply in Southwest Homestead is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Southwest Homestead neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 99.3% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

People

One of the unique characteristics of the Southwest Homestead neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.4% of the neighborhoods in America. The Southwest Homestead neighborhood also has a greater percentage of children living in poverty (69.0%) than found in 98.5% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

In addition, neighborhoodScout's exclusive research revealed that 93.6% of the adult residents in the Southwest Homestead neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.2% of the neighborhoods in America.

Also, single parenting is hard. But you don't have to tell the Southwest Homestead neighborhood about it; they already know. 18.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.2% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Modes of Transportation

In the Southwest Homestead neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.7% of commuters carpool here, which is more than in 97.7% of all U.S. neighborhoods.

Diversity

Did you know that the Southwest Homestead neighborhood has more Haitian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.9% of this neighborhood's residents have Haitian ancestry and 7.0% have Cuban ancestry.

Southwest Homestead is also pretty special linguistically. Significantly, 10.4% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.2% of the neighborhoods in America.

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 Southwest Homestead neighborhood in Homestead are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.4% of U.S. neighborhoods. With 69.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.5% 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 Southwest Homestead neighborhood, 37.5% of the working population is employed in manufacturing and laborer 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 26.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.1%), and 11.9% in farming, forestry, or commercial fishing.

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 Southwest Homestead neighborhood is Spanish, spoken by 55.2% of households. Other important languages spoken here include English and French.

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 Southwest Homestead neighborhood in Homestead, FL, residents most commonly identify their ethnicity or ancestry as Haitian (15.9%). There are also a number of people of Mexican ancestry (11.7%), and residents who report Cuban roots (7.0%), and some of the residents are also of Puerto Rican ancestry (5.1%), along with some South American ancestry residents (3.0%), among others. In addition, 39.1% 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 Southwest Homestead neighborhood spend between 15 and 30 minutes commuting one-way to work (37.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.8%) 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 (26.7%) . 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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