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Real Estate Prices & Overview

Pinewood North median real estate price is $403,785, which is more expensive than 45.1% of the neighborhoods in Florida and 53.9% of the neighborhoods in the U.S.

The average rental price in Pinewood North is currently $3,209, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.5% of the neighborhoods in Florida.

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

Pinewood North real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Pinewood North 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 Pinewood North are 3.5%, which is lower than one will find in 76.7% of American neighborhoods. Demand for real estate in Pinewood North 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.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Pinewood North neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.9% of all American neighborhoods.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 96.4% of U.S. neighborhoods.

People

An extraordinary 13.0% of the residents of the Pinewood North neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Pinewood North neighborhood has more single mother households than 95.6% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Diversity

Did you know that the Pinewood North neighborhood has more Haitian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 42.7% of this neighborhood's residents have Haitian ancestry and 8.8% have Cuban ancestry.

Pinewood North is also pretty special linguistically. Significantly, 45.7% of its residents five years old and above primarily speak French at home. This is a higher percentage than 100.0% 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 Pinewood North neighborhood has a greater percentage of residents born in another country (54.2%) than are found in 98.5% 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 Pinewood North neighborhood in Miami are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.4% of U.S. neighborhoods. With 23.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.6% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Pinewood North neighborhood, 46.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.7%), and 10.1% in clerical, assistant, and tech support 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 Pinewood North neighborhood is French, spoken by 45.7% of households. Other important languages spoken here include English and Spanish.

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 Pinewood North neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Haitian (42.7%). There are also a number of people of Cuban ancestry (8.8%), and residents who report Sub-Saharan African roots (5.7%), and some of the residents are also of Puerto Rican ancestry (3.8%), along with some Jamaican ancestry residents (3.5%), among others. In addition, 54.2% 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 Pinewood North neighborhood spend between 30 and 45 minutes commuting one-way to work (48.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (73.8%) 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 (13.3%) and 12.9% 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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