Modello median real estate price is $465,625, which is more expensive than 55.6% of the neighborhoods in Florida and 60.8% of the neighborhoods in the U.S.
The average rental price in Modello is currently $2,308, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.3% of Florida neighborhoods.
Modello is an urban neighborhood (based on population density) located in Homestead, Florida.
Modello 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Modello 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 Modello are 3.1%, which is lower than one will find in 78.4% of American neighborhoods. Demand for real estate in Modello 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.
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 Homestead, the Modello neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Modello neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 8.7% of the workforce so employed, this neighborhood has a greater concentration of such workers than 98.8% of U.S. neighborhoods.
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Modello neighborhood has more single mother households than 97.6% 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.
In addition, neighborhoodScout's exclusive research revealed that 94.5% of the adult residents in the Modello neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.9% of the neighborhoods in America.
Did you know that the Modello neighborhood has more Cuban and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.6% of this neighborhood's residents have Cuban ancestry and 3.8% have Dominican ancestry.
Modello is also pretty special linguistically. Significantly, 78.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.5% of all U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Modello neighborhood. What is interesting to note, is that the Modello neighborhood has a greater percentage of residents born in another country (48.6%) than are found in 97.2% of all U.S. neighborhoods.
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 Modello neighborhood in Homestead are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. With 35.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.0% 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 Modello neighborhood, 29.8% of the working population is employed in manufacturing and laborer 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 executive, management, and professional occupations (22.6%), and 10.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Modello neighborhood is Spanish, spoken by 78.8% of households. Some people also speak English (20.4%).
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 Modello neighborhood in Homestead, FL, residents most commonly identify their ethnicity or ancestry as Mexican (33.2%). There are also a number of people of Cuban ancestry (20.6%), and residents who report South American roots (4.6%), and some of the residents are also of Dominican ancestry (3.8%), along with some Puerto Rican ancestry residents (3.4%), among others. In addition, 48.6% of the residents of this neighborhood were born in another country.
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 Modello neighborhood spend between 15 and 30 minutes commuting one-way to work (37.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (82.5%) 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 (14.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.