Area Insights of 33161, Miami, FL

Stay ahead with market trends and local insights that matter.

Demand Insights

The market remains active with a price ratio of 3%, indicating a strong buyer interest. A total of 16 homes were sold with 4 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

33161, Miami, FL

Date

06-21-2023

Price Ratio

95%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Von Wedel Montessori School

PK to 3

Miami Shores Montessori School

PK to 3

Amazing Learning Academy

PK to KG

Holy Cross Lutheran School

PK to 8

Holy Family Catholic School

PK to 8

Middle School

North Miami Middle School

6 to 8

Ratings

D+

High School

North Miami Senior High School

9 to 12

Ratings

D+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population decrease of 2% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (51,802)
26,051 Male
25,751 Female
Education
34% High School
9% Associate
15% Bachelor
7% Graduate
Age

Average Age is 38 Years

Household Details

The area's household landscape is diverse, with 42% owner-occupied homes and 58% renter-occupied properties. Family households represent 69% of the population, indicating a strong community focus on family living. The average home value stands at $560,506, which suggests ample demand for multi-bedroom properties.

Total Households
17,239
Average home value
$560,506
Owned
42%
Rented
58%
Vacant
7%
Families
69%
Married
37%
With children
34%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 2% Asian, 55% Black, and 0% Native residents, alongside 16% White and 30% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 17% of households earning over $100,000 annually, while 34% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
15%
Professional
3%
Education
8%
Services
40%
Labor
12%
Retail
14%
Other
7%
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