South Bay Estates median real estate price is $578,358, which is more expensive than 66.1% of the neighborhoods in Florida and 67.9% of the neighborhoods in the U.S.
The average rental price in South Bay Estates is currently $3,786, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.1% of the neighborhoods in Florida.
South Bay Estates is a densely urban neighborhood (based on population density) located in Miami, Florida.
South Bay Estates 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 South Bay Estates neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
South Bay Estates has a 11.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 67.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
Of note is NeighborhoodScout's research finding that the South Bay Estates neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the South Bay Estates community truly stands out from the rest in this regard.
In addition, divorcees may find friendship and understanding in this neighborhood, as 27.9% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 99.6% of the neighborhoods in America.
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the South Bay Estates neighborhood could be your paradise. With 26.8% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.0% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Did you know that the South Bay Estates neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 43.7% of this neighborhood's residents have Cuban ancestry and 14.7% have South American ancestry.
South Bay Estates is also pretty special linguistically. Significantly, 66.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.9% of all U.S. neighborhoods.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the South Bay Estates neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the South Bay Estates neighborhood has a greater percentage of residents born in another country (66.1%) than are found in 99.6% 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 South Bay Estates neighborhood in Miami are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.6% 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 South Bay Estates neighborhood, 38.5% 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 33.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.7%), and 13.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the South Bay Estates neighborhood is Spanish, spoken by 66.3% of households. Some people also speak English (30.9%).
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 South Bay Estates neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (43.7%). There are also a number of people of South American ancestry (14.7%), and residents who report German roots (9.3%), and some of the residents are also of Irish ancestry (5.9%), along with some Italian ancestry residents (5.9%), among others. In addition, 66.1% 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 South Bay Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (57.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.2%) 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.