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Real Estate Prices & Overview

Melrose Heights West median real estate price is $304,080, which is less expensive than 72.2% of Florida neighborhoods and 63.1% of all U.S. neighborhoods.

The average rental price in Melrose Heights West is currently $2,664, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.3% of Florida neighborhoods.

Melrose Heights West is a suburban neighborhood (based on population density) located in Miami, Florida.

Melrose Heights West 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Melrose Heights West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

In Melrose Heights West, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 86.2% of all neighborhoods in the U.S. This means that the housing supply in Melrose Heights West is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

NeighborhoodScout's analysis shows that the Melrose Heights West neighborhood has a greater concentration of residents currently enrolled in college than 97.6% of the neighborhoods in the U.S. With 19.4% of the population here attending college, this is very much a college-focused neighborhood.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Melrose Heights West 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 89.9% 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.

Real Estate

90.3% of the real estate in the Melrose Heights West neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

In addition, the Melrose Heights West 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 86.5% 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, if you love row houses and attached homes, you will probably really like the Melrose Heights West neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 25.5% of the residential real estate here is classified as row houses and attached homes.

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 Melrose Heights West neighborhood has a greater percentage of residents born in another country (84.9%) than are found in 100.0% of all U.S. neighborhoods.

Diversity

Did you know that the Melrose Heights West neighborhood has more Cuban and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 50.6% of this neighborhood's residents have Cuban ancestry and 9.4% have Dominican ancestry.

Melrose Heights West is also pretty special linguistically. Significantly, 92.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.8% 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 Melrose Heights West 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 94.7% of U.S. neighborhoods. With 28.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.7% 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 Melrose Heights West neighborhood, 30.2% of the working population is employed in manufacturing and laborer 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 28.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (27.7%), and 13.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Melrose Heights West neighborhood is Spanish, spoken by 92.7% of households. Some people also speak English (5.9%).

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 Melrose Heights West neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (50.6%). There are also a number of people of Dominican ancestry (9.4%), and residents who report South American roots (6.1%), and some of the residents are also of Mexican ancestry (2.6%), along with some German ancestry residents (1.3%), among others. In addition, 84.9% 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 Melrose Heights West neighborhood spend between 30 and 45 minutes commuting one-way to work (66.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (84.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (7.5%) . 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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