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Real Estate Prices & Overview

Andover Lakes median real estate price is $483,926, which is more expensive than 58.9% of the neighborhoods in Florida and 64.9% of the neighborhoods in the U.S.

The average rental price in Andover Lakes is currently $3,755, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.3% of the neighborhoods in Florida.

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

Andover Lakes real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Andover Lakes neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Andover Lakes has a 13.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

Modes of Transportation

While most Americans do drive to work alone each day, the Andover Lakes neighborhood stands out by having 94.2% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.3% of all American neighborhoods.

Diversity

Did you know that the Andover Lakes neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.4% of this neighborhood's residents have Jamaican ancestry and 17.3% have Haitian ancestry.

Andover Lakes is also pretty special linguistically. Significantly, 14.1% 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 99.5% of the neighborhoods in America.

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 Andover Lakes neighborhood has a greater percentage of residents born in another country (50.2%) than are found in 97.7% 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 Andover Lakes 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 50.0% of the neighborhoods in America. With 27.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.9% 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 Andover Lakes neighborhood, 38.5% 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 29.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (26.0%), and 6.3% in manufacturing and laborer occupations.

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 Andover Lakes neighborhood is English, spoken by 62.5% of households. Other important languages spoken here include Spanish, French and Portuguese.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Andover Lakes neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Jamaican (33.4%). There are also a number of people of Haitian ancestry (17.3%), and residents who report South American roots (11.7%), and some of the residents are also of Cuban ancestry (4.2%), along with some Dominican ancestry residents (2.6%), among others. In addition, 50.2% 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 Andover Lakes neighborhood spend between 15 and 30 minutes commuting one-way to work (35.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (94.2%) 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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Commute To Work
Migration & Mobility
Race & Ethnic Diversity
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Income & Unemployment Rate
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Schools include:
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