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Real Estate Prices & Overview

W 49th St / W 18th Ct median real estate price is $268,332, which is less expensive than 80.1% of Florida neighborhoods and 67.9% of all U.S. neighborhoods.

The average rental price in W 49th St / W 18th Ct is currently $2,437, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.7% of Florida neighborhoods.

W 49th St / W 18th Ct is an urban neighborhood (based on population density) located in Hialeah, Florida.

W 49th St / W 18th Ct real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments 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 W 49th St / W 18th Ct neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In W 49th St / W 18th Ct, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.2% of all neighborhoods in the U.S. This means that the housing supply in W 49th St / W 18th Ct is very tight compared to the demand for property here.

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.

People

Astoundingly, the W 49th St / W 18th Ct neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.8% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Hialeah neighborhood.

Occupations

There are more people living in the W 49th St / W 18th Ct neighborhood employed as sales and service workers (54.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Real Estate

One of the really unique and interesting things about the look and setting of the W 49th St / W 18th Ct neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 85.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.5% of all neighborhoods in America.

Diversity

Did you know that the W 49th St / W 18th Ct neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 85.7% of this neighborhood's residents have Cuban ancestry.

W 49th St / W 18th Ct is also pretty special linguistically. Significantly, 93.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.8% of all U.S. neighborhoods.

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 W 49th St / W 18th Ct neighborhood has a greater percentage of residents born in another country (77.2%) than are found in 99.9% 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 W 49th St / W 18th Ct neighborhood in Hialeah are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.6% of U.S. neighborhoods. In addition, 8.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 54.6% of America'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 W 49th St / W 18th Ct neighborhood, 45.2% 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 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.7%), and 10.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the W 49th St / W 18th Ct neighborhood is Spanish, spoken by 93.1% of households. Some people also speak English (6.7%).

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 W 49th St / W 18th Ct neighborhood in Hialeah, FL, residents most commonly identify their ethnicity or ancestry as Cuban (85.7%). There are also a number of people of Puerto Rican ancestry (3.8%), and residents who report South American roots (2.1%). In addition, 77.2% 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 W 49th St / W 18th Ct neighborhood spend under 15 minutes commuting one-way to work (39.1% of working residents), one of the shortest commutes across America.

Here most residents (81.3%) 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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