SW 60th Pl / SW 50th St median real estate price is $1,068,283, which is more expensive than 94.1% of the neighborhoods in Florida and 91.4% of the neighborhoods in the U.S.
The average rental price in SW 60th Pl / SW 50th St is currently $4,023, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.9% of the neighborhoods in Florida.
SW 60th Pl / SW 50th St is a suburban neighborhood (based on population density) located in Miami, Florida.
SW 60th Pl / SW 50th St 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 SW 60th Pl / SW 50th St 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 SW 60th Pl / SW 50th St are 4.6%, which is lower than one will find in 67.0% of American neighborhoods. Demand for real estate in SW 60th Pl / SW 50th St 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 Miami, the SW 60th Pl / SW 50th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the SW 60th Pl / SW 50th St neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, a majority of the adults in the SW 60th Pl / SW 50th St neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Florida by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.0% of the neighborhoods in Florida. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates and families with school-aged children.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the SW 60th Pl / SW 50th St neighborhood, where 36.9% have earned an advanced degree. Compare that to the average neighborhood in America, where just 14.1% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 95.5% of the neighborhoods in America.
Did you know that the SW 60th Pl / SW 50th St neighborhood has more South American and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.0% of this neighborhood's residents have South American ancestry and 28.8% have Cuban ancestry.
SW 60th Pl / SW 50th St is also pretty special linguistically. Significantly, 56.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.1% 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 SW 60th Pl / SW 50th St neighborhood in Miami are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.2% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the SW 60th Pl / SW 50th St neighborhood, 60.8% 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 17.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.0%), and 8.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the SW 60th Pl / SW 50th St neighborhood is Spanish, spoken by 56.9% of households. Some people also speak English (37.6%).
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 SW 60th Pl / SW 50th St neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (28.8%). There are also a number of people of South American ancestry (27.0%), and residents who report English roots (8.8%), and some of the residents are also of Italian ancestry (8.7%), along with some German ancestry residents (5.2%), among others. In addition, 27.2% 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 SW 60th Pl / SW 50th St neighborhood spend between 15 and 30 minutes commuting one-way to work (42.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (64.7%) 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.