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Real Estate Prices & Overview

Cutler Ridge / Franjo median real estate price is $533,173, which is more expensive than 65.1% of the neighborhoods in Florida and 68.9% of the neighborhoods in the U.S.

The average rental price in Cutler Ridge / Franjo is currently $3,890, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.6% of the neighborhoods in Florida.

Cutler Ridge / Franjo is an urban neighborhood (based on population density) located in Cutler Bay, Florida.

Cutler Ridge / Franjo real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Cutler Ridge / Franjo 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 Cutler Ridge / Franjo are 3.4%, which is lower than one will find in 77.8% of American neighborhoods. Demand for real estate in Cutler Ridge / Franjo 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

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 Cutler Bay, the Cutler Ridge / Franjo neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Single parenting is hard. But you don't have to tell the Cutler Ridge / Franjo neighborhood about it; they already know. 17.7% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.4% 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.

Diversity

Did you know that the Cutler Ridge / Franjo neighborhood has more West Indian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.2% of this neighborhood's residents have West Indian ancestry and 37.7% have Cuban ancestry.

Cutler Ridge / Franjo is also pretty special linguistically. Significantly, 64.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.5% 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 Cutler Ridge / Franjo neighborhood in Cutler Bay are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 51.3% of the neighborhoods in America. With 13.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.8% 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 Cutler Ridge / Franjo neighborhood, 39.4% 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 28.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.2%), and 15.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Cutler Ridge / Franjo neighborhood is Spanish, spoken by 64.2% of households. Some people also speak English (34.2%).

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 Cutler Ridge / Franjo neighborhood in Cutler Bay, FL, residents most commonly identify their ethnicity or ancestry as Cuban (37.7%). There are also a number of people of Puerto Rican ancestry (11.3%), and residents who report South American roots (7.7%), and some of the residents are also of Italian ancestry (3.9%), along with some Dominican ancestry residents (3.4%), among others. In addition, 41.0% 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 Cutler Ridge / Franjo neighborhood spend between 45 minutes and one hour commuting one-way to work (37.4% of working residents), longer and tougher than most commutes in America.

Here most residents (71.6%) 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 (13.7%) . 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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