Collins Ave / NE 175th Ter median real estate price is $1,103,729, which is more expensive than 50.1% of the neighborhoods in Florida and 58.2% of the neighborhoods in the U.S.
The average rental price in Collins Ave / NE 175th Ter is currently $2,470, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.0% of Florida neighborhoods.
Collins Ave / NE 175th Ter is a densely urban neighborhood (based on population density) located in Sunny Isles Beach, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Collins Ave / NE 175th Ter 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 occupied by a mixture of owners and renters. Many of the residences in the Collins Ave / NE 175th Ter neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Collins Ave / NE 175th Ter. The current real estate vacancy rate here is 50.0%. This is higher than the rate of vacancies in 98.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (45.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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 Sunny Isles Beach, the Collins Ave / NE 175th Ter neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Collins Ave / NE 175th Ter is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Collins Ave / NE 175th Ter is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, one of the really unique and interesting things about the look and setting of the Collins Ave / NE 175th Ter neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 97.7% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.6% of all neighborhoods in America.
Furthermore, despite all of the residential real estate here in the Collins Ave / NE 175th Ter neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 50.0%, which is higher than 98.7% of all U.S. neighborhoods.
Also of note, the Collins Ave / NE 175th Ter 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 83.0% 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.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 96.6% of U.S. neighborhoods.
People
The Collins Ave / NE 175th Ter neighborhood stands out for having an average per capita income lower than 95.5% of the neighborhoods in the United States.
In addition, according to NeighborhoodScout's research, Collins Ave / NE 175th Ter is better suited for first-time home buyers than 89.9% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Florida. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Collins Ave / NE 175th Ter neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.4% of all American 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 Collins Ave / NE 175th Ter neighborhood has a greater percentage of residents born in another country (83.8%) than are found in 100.0% of all U.S. neighborhoods.
Diversity
Did you know that the Collins Ave / NE 175th Ter neighborhood has more Ukrainian and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.9% of this neighborhood's residents have Ukrainian ancestry and 4.2% have Canadian ancestry.
Collins Ave / NE 175th Ter is also pretty special linguistically. Significantly, 7.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
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 Collins Ave / NE 175th Ter neighborhood in Sunny Isles Beach are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.5% of U.S. neighborhoods. In addition, 6.7% 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 59.3% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Collins Ave / NE 175th Ter neighborhood, 38.3% 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 27.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.0%), and 15.9% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Collins Ave / NE 175th Ter neighborhood is Spanish, spoken by 47.9% of households. Other important languages spoken here include English, Russian and French.
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 Collins Ave / NE 175th Ter neighborhood in Sunny Isles Beach, FL, residents most commonly identify their ethnicity or ancestry as South American (27.1%). There are also a number of people of Cuban ancestry (19.4%), and residents who report Ukrainian roots (9.9%), and some of the residents are also of French ancestry (7.8%), along with some Polish ancestry residents (7.7%), among others. In addition, 83.8% 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 Collins Ave / NE 175th Ter neighborhood spend between 45 minutes and one hour commuting one-way to work (38.4% of working residents), longer and tougher than most commutes in America.
Here most residents (68.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (13.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
