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Real Estate Prices & Overview

SW 7th St / SW 9th Ave median real estate price is $709,885, which is more expensive than 82.9% of the neighborhoods in Florida and 80.9% of the neighborhoods in the U.S.

The average rental price in SW 7th St / SW 9th Ave is currently $2,600, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.3% of Florida neighborhoods.

SW 7th St / SW 9th Ave is a densely urban neighborhood (based on population density) located in Miami, Florida.

SW 7th St / SW 9th Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the SW 7th St / SW 9th Ave 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 SW 7th St / SW 9th Ave, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 85.9% of all neighborhoods in the U.S. This means that the housing supply in SW 7th St / SW 9th Ave 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 SW 7th St / SW 9th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (23.7% ride the bus) than 99.2% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the SW 7th St / SW 9th Ave neighborhood is a fantastic option for bicycle commuters, as 6.5% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.9% of the neighborhoods in America.

Finally, in the SW 7th St / SW 9th Ave neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 24.2% of commuters carpool here, which is more than in 96.7% of all U.S. neighborhoods.

People

One of the unique characteristics of the SW 7th St / SW 9th Ave neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.5% of the neighborhoods in America.

Real Estate

The SW 7th St / SW 9th Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, renter-occupied real estate is dominant in the SW 7th St / SW 9th Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.6%, which is higher than 98.1% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Furthermore, the SW 7th St / SW 9th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,892 persons per square mile in the neighborhood, it is more packed with people than 97.5% of the nation's neighborhoods.

Also of note, one of the really unique and interesting things about the look and setting of the SW 7th St / SW 9th Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 80.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.7% of all neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the SW 7th St / SW 9th Ave neighborhood buck this trend. 24.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.3% of 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 SW 7th St / SW 9th Ave neighborhood has a greater percentage of residents born in another country (72.8%) than are found in 99.8% of all U.S. neighborhoods.

Diversity

Did you know that the SW 7th St / SW 9th Ave neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.9% of this neighborhood's residents have Cuban ancestry and 12.4% have South American ancestry.

SW 7th St / SW 9th Ave is also pretty special linguistically. Significantly, 88.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.4% 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 SW 7th St / SW 9th Ave neighborhood in Miami are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.5% of U.S. neighborhoods. With 22.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.2% of U.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 SW 7th St / SW 9th Ave neighborhood, 36.0% 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 32.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (27.1%), and 11.2% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the SW 7th St / SW 9th Ave neighborhood is Spanish, spoken by 88.2% of households. Some people also speak English (10.7%).

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 SW 7th St / SW 9th Ave neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (27.9%). There are also a number of people of South American ancestry (12.4%), and residents who report Puerto Rican roots (5.6%), and some of the residents are also of Mexican ancestry (4.7%). In addition, 72.8% 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 SW 7th St / SW 9th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (30.4% of working residents), longer and tougher than most commutes in America.

Here most residents (42.4%) 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 (24.2%) and 23.7% 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.


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