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Real Estate Prices & Overview

SW 4th St / SW 48th Ave median real estate price is $717,346, which is more expensive than 83.4% of the neighborhoods in Florida and 81.2% of the neighborhoods in the U.S.

The average rental price in SW 4th St / SW 48th Ave is currently $3,285, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.4% of the neighborhoods in Florida.

SW 4th St / SW 48th Ave is a densely urban neighborhood (based on population density) located in Miami, Florida.

SW 4th St / SW 48th Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the SW 4th St / SW 48th Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

SW 4th St / SW 48th Ave has a 11.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.5% 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.

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

Of note is NeighborhoodScout's research finding that the SW 4th St / SW 48th Ave 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 SW 4th St / SW 48th Ave community truly stands out from the rest in this regard.

In addition, one of the really interesting characteristics about the SW 4th St / SW 48th Ave neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.4% of college-friendly places to live in the state of Florida.

Also, neighborhoodScout's analysis shows that the SW 4th St / SW 48th Ave neighborhood has a greater concentration of residents currently enrolled in college than 95.1% of the neighborhoods in the U.S. With 10.9% of the population here attending college, this is very much a college-focused neighborhood.

Diversity

Did you know that the SW 4th St / SW 48th Ave neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 66.9% of this neighborhood's residents have Cuban ancestry and 13.0% have South American ancestry.

SW 4th St / SW 48th Ave is also pretty special linguistically. Significantly, 92.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.7% of all U.S. neighborhoods.

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 SW 4th St / SW 48th Ave neighborhood. What is interesting to note, is that the SW 4th St / SW 48th Ave neighborhood has a greater percentage of residents born in another country (66.5%) than are found in 99.6% 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 SW 4th St / SW 48th Ave neighborhood in Miami are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.6% of the neighborhoods in America. 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.

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 SW 4th St / SW 48th Ave neighborhood, 41.3% 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 23.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.7%), and 15.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the SW 4th St / SW 48th Ave neighborhood is Spanish, spoken by 92.2% of households. Some people also speak English (7.7%).

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 SW 4th St / SW 48th Ave neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (66.9%). There are also a number of people of South American ancestry (13.0%), and residents who report Puerto Rican roots (4.3%), and some of the residents are also of Italian ancestry (3.7%), along with some Spanish ancestry residents (2.9%), among others. In addition, 66.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 SW 4th St / SW 48th Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (58.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.8%) 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 (6.8%) . 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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