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Real Estate Prices & Overview

Sunny Isles Beach Southwest median real estate price is $348,286, which is more expensive than 36.0% of the neighborhoods in Florida and 44.0% of the neighborhoods in the U.S.

The average rental price in Sunny Isles Beach Southwest is currently $4,025, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.0% of the neighborhoods in Florida.

Sunny Isles Beach Southwest is a densely urban neighborhood (based on population density) located in Sunny Isles Beach, Florida.

Sunny Isles Beach Southwest 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 Sunny Isles Beach Southwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Sunny Isles Beach Southwest. The current real estate vacancy rate here is 33.3%. This is higher than the rate of vacancies in 96.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (23.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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

In a nation where 1 out of every 4 children lives in poverty, the Sunny Isles Beach Southwest neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, for many reasons, Sunny Isles Beach Southwest is rated by NeighborhoodScout as one of the top 3.1% of ideal neighborhoods for first-time home buyers in the state of Florida. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other FL neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.

Real Estate

The real estate in the Sunny Isles Beach Southwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 95.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.

In addition, the Sunny Isles Beach Southwest 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 93.0% 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.

Furthermore, the Sunny Isles Beach Southwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 47,110 persons per square mile in the neighborhood, it is more packed with people than 98.3% of the nation's neighborhoods.

Also of note, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 33.3% of the residential real estate vacant, the Sunny Isles Beach Southwest neighborhood claims the distinction of having a higher vacancy rate than 96.5% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Diversity

Did you know that the Sunny Isles Beach Southwest neighborhood has more Russian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.4% of this neighborhood's residents have Russian ancestry and 30.2% have South American ancestry.

Sunny Isles Beach Southwest is also pretty special linguistically. Significantly, 5.7% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

Migration / Stability

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 Sunny Isles Beach Southwest neighborhood. What is interesting to note, is that the Sunny Isles Beach Southwest neighborhood has a greater percentage of residents born in another country (69.9%) than are found in 99.8% of all U.S. neighborhoods.

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 Sunny Isles Beach Southwest neighborhood in Sunny Isles Beach are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.3% of U.S. neighborhoods. 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.

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 Sunny Isles Beach Southwest neighborhood, 34.7% 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 32.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.9%), and 11.7% 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 Sunny Isles Beach Southwest neighborhood is Spanish, spoken by 33.9% of households. Other important languages spoken here include English and Russian.

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 Sunny Isles Beach Southwest neighborhood in Sunny Isles Beach, FL, residents most commonly identify their ethnicity or ancestry as South American (30.2%). There are also a number of people of Russian ancestry (16.4%), and residents who report Ukrainian roots (5.7%), and some of the residents are also of Cuban ancestry (5.3%), along with some Arab ancestry residents (3.1%), among others. In addition, 69.9% 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 Sunny Isles Beach Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (31.5% of working residents), longer and tougher than most commutes in America.

Here most residents (56.2%) 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 (9.6%) and 7.5% of residents also hop out the door and walk to work 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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Crime includes:
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Schools include:
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