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Real Estate Prices & Overview

NW 2nd St / NW 14th Ave median real estate price is $545,106, which is more expensive than 70.1% of the neighborhoods in Florida and 69.9% of the neighborhoods in the U.S.

The average rental price in NW 2nd St / NW 14th Ave is currently $2,378, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.5% of Florida neighborhoods.

NW 2nd St / NW 14th Ave is a densely urban neighborhood (based on population density) located in Miami, Florida.

NW 2nd St / NW 14th Ave 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 renter occupied. Many of the residences in the NW 2nd St / NW 14th Ave 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 NW 2nd St / NW 14th Ave, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.5% of all neighborhoods in the U.S. This means that the housing supply in NW 2nd St / NW 14th Ave is very tight compared to the demand for property here.

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 Miami, the NW 2nd St / NW 14th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The NW 2nd St / NW 14th Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 98.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, 95.9% of the real estate in the NW 2nd St / NW 14th Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, one of the really unique and interesting things about the look and setting of the NW 2nd St / NW 14th Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 83.9% 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 97.3% of all neighborhoods in America.

Also of note, if you like crowded places, then you will probably enjoy the the NW 2nd St / NW 14th Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.8% of neighborhoods in the U.S., with 23,981 people per square mile living here.

Occupations

There are more people living in the NW 2nd St / NW 14th Ave neighborhood employed as sales and service workers (52.8%) 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.

Modes of Transportation

Our research shows that more people carpool to work here in the NW 2nd St / NW 14th Ave (31.2%) than in 99.0% of the neighborhoods in America.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the NW 2nd St / NW 14th Ave neighborhood have a highly unusual car ownership. 26.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.5% of U.S. neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the NW 2nd St / NW 14th Ave neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.6% of the neighborhoods in FL. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

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 2nd St / NW 14th Ave neighborhood has a greater percentage of residents born in another country (81.9%) than are found in 100.0% of all U.S. neighborhoods.

Diversity

Did you know that the NW 2nd St / NW 14th Ave neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 35.5% of this neighborhood's residents have Cuban ancestry and 17.3% have South American ancestry.

NW 2nd St / NW 14th Ave is also pretty special linguistically. Significantly, 94.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 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 NW 2nd St / NW 14th Ave neighborhood in Miami are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.9% of U.S. neighborhoods. With 11.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.4% 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 2nd St / NW 14th Ave neighborhood, 47.2% 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 34.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.9%), and 5.1% in executive, management, and professional occupations.

Languages

The most common language spoken in the NW 2nd St / NW 14th Ave neighborhood is Spanish, spoken by 94.0% of households. Some people also speak English (5.4%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the NW 2nd St / NW 14th Ave neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (35.5%). There are also a number of people of South American ancestry (17.3%), and residents who report Dominican roots (7.1%), and some of the residents are also of Mexican ancestry (4.0%), along with some Puerto Rican ancestry residents (2.4%), among others. In addition, 81.9% 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 NW 2nd St / NW 14th Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (40.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (52.1%) 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 (31.2%) and 8.7% of residents also ride the bus for their daily commute. 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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