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Real Estate Prices & Overview

NW 109th Ave / NW 53rd Ln median real estate price is $512,029, which is more expensive than 65.8% of the neighborhoods in Florida and 66.8% of the neighborhoods in the U.S.

The average rental price in NW 109th Ave / NW 53rd Ln is currently $3,753, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.8% of the neighborhoods in Florida.

NW 109th Ave / NW 53rd Ln is a densely urban neighborhood (based on population density) located in Doral, Florida.

NW 109th Ave / NW 53rd Ln 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the NW 109th Ave / NW 53rd Ln neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in NW 109th Ave / NW 53rd Ln are 2.8%, which is lower than one will find in 79.6% of American neighborhoods. Demand for real estate in NW 109th Ave / NW 53rd Ln 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

If you love row houses and attached homes, you will probably really like the NW 109th Ave / NW 53rd Ln neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 39.2% of the residential real estate here is classified as row houses and attached homes.

In addition, homes built from 2000 through today make up a higher proportion of the NW 109th Ave / NW 53rd Ln neighborhood's real estate landscape than 95.8% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 73.4% of the residential real estate here is classified as newer.

People

For many reasons, NW 109th Ave / NW 53rd Ln is rated by NeighborhoodScout as one of the top 3.2% of ideal neighborhoods for first-time home buyers in the state of Florida. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other FL neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for highly educated executives.

Diversity

Did you know that the NW 109th Ave / NW 53rd Ln neighborhood has more South American and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 57.0% of this neighborhood's residents have South American ancestry and 11.5% have Cuban ancestry.

NW 109th Ave / NW 53rd Ln is also pretty special linguistically. Significantly, 91.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.7% 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 NW 109th Ave / NW 53rd Ln neighborhood has a greater percentage of residents born in another country (67.4%) than are found in 99.6% 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 NW 109th Ave / NW 53rd Ln neighborhood in Doral are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 54.1% of the neighborhoods in America. With 33.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.1% 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 NW 109th Ave / NW 53rd Ln neighborhood, 55.9% 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 23.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.4%), and 8.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the NW 109th Ave / NW 53rd Ln neighborhood is Spanish, spoken by 91.0% of households. Some people also speak English (6.3%).

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 NW 109th Ave / NW 53rd Ln neighborhood in Doral, FL, residents most commonly identify their ethnicity or ancestry as South American (57.0%). There are also a number of people of Cuban ancestry (11.5%), and residents who report Puerto Rican roots (5.9%), and some of the residents are also of Italian ancestry (3.2%), along with some Dominican ancestry residents (2.5%), among others. In addition, 67.4% 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 NW 109th Ave / NW 53rd Ln neighborhood spend between 15 and 30 minutes commuting one-way to work (34.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (53.6%) 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 (19.2%) . 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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