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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

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 SW 4th St / SW 48th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the SW 4th St / SW 48th Ave neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

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

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 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

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 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.

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 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

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 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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