Brickell median real estate price is $669,301, which is more expensive than 81.1% of the neighborhoods in Florida and 78.0% of the neighborhoods in the U.S.
The average rental price in Brickell is currently $2,818, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.4% of the neighborhoods in Florida.
Brickell is a densely urban neighborhood (based on population density) located in Miami, Florida.
Brickell 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 renter occupied. Many of the residences in the Brickell neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Brickell, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Brickell is very tight compared to the demand for property here.
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 Brickell neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
95.8% of the real estate in the Brickell neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. With a real estate vacancy rate of only 0.0%, the Brickell neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, the Brickell neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 39,723 persons per square mile in the neighborhood, it is more packed with people than 97.9% of the nation's neighborhoods.
Furthermore, the real estate in the Brickell 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, 86.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.7% of American neighborhoods.
Also of note, the Brickell 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 89.0% 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.
Finally, homes built from 2000 through today make up a higher proportion of the Brickell neighborhood's real estate landscape than 95.1% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 68.1% of the residential real estate here is classified as newer.
With 3.2% of employed workers living in the Brickell neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.6% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Brickell neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.1% of all American neighborhoods.
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 Brickell neighborhood have a highly unusual car ownership. 23.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.0% of U.S. neighborhoods.
Of note, 52.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Did you know that the Brickell neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.7% of this neighborhood's residents have Cuban ancestry and 20.0% have South American ancestry.
Brickell is also pretty special linguistically. Significantly, 62.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.1% 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 Brickell neighborhood. What is interesting to note, is that the Brickell neighborhood has a greater percentage of residents born in another country (52.1%) than are found in 98.0% 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 Brickell 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 91.8% of U.S. neighborhoods. With 52.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.1% 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 Brickell neighborhood, 38.7% 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 37.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.1%), and 8.2% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Brickell neighborhood is Spanish, spoken by 62.0% of households. Some people also speak English (34.8%).
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 Brickell neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (27.7%). There are also a number of people of South American ancestry (20.0%), and residents who report German roots (6.2%), and some of the residents are also of Sub-Saharan African ancestry (5.7%), along with some Puerto Rican ancestry residents (5.7%), among others. In addition, 52.1% 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 Brickell neighborhood spend between 15 and 30 minutes commuting one-way to work (55.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (54.9%) 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 (17.6%) and 8.0% 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.
