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Real Estate Prices & Overview

Mitchell Lake Estates median real estate price is $462,878, which is more expensive than 56.7% of the neighborhoods in Florida and 59.9% of the neighborhoods in the U.S.

The average rental price in Mitchell Lake Estates is currently $1,928, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.6% of Florida neighborhoods.

Mitchell Lake Estates is a suburban neighborhood (based on population density) located in Miami, Florida.

Mitchell Lake Estates real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Mitchell Lake Estates neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Mitchell Lake Estates, the current vacancy rate is 2.6%, which is a lower rate of vacancies than 81.3% of all neighborhoods in the U.S. This means that the housing supply in Mitchell Lake Estates 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 Mitchell Lake Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Mitchell Lake Estates neighborhood has more single mother households than 99.7% 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.

Modes of Transportation

While most Americans do drive to work alone each day, the Mitchell Lake Estates neighborhood stands out by having 88.4% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 96.4% of all American neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Mitchell Lake Estates neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.6% of all American neighborhoods.

Diversity

Did you know that the Mitchell Lake Estates neighborhood has more Haitian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.1% of this neighborhood's residents have Haitian ancestry and 3.3% have Cuban ancestry.

Mitchell Lake Estates is also pretty special linguistically. Significantly, 25.4% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Mitchell Lake Estates 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 89.2% of U.S. neighborhoods. With 47.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.2% 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 Mitchell Lake Estates neighborhood, 37.4% 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 executive, management, and professional occupations, with 29.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.9%), and 12.0% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Mitchell Lake Estates neighborhood is English, spoken by 51.6% of households. Other important languages spoken here include French and Spanish.

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 Mitchell Lake Estates neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Haitian (19.1%). There are also a number of people of Sub-Saharan African ancestry (6.2%), and residents who report South American roots (3.9%), and some of the residents are also of Cuban ancestry (3.3%), along with some Puerto Rican ancestry residents (3.2%), among others. In addition, 27.2% 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 Mitchell Lake Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (58.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (88.4%) 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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