What do we mean by a neighborhood?
Ä¢¹½ÊÓƵ® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. Ä¢¹½ÊÓƵ contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
SW 129th Ct / SW 63rd Ter median real estate price is $359,940, which is less expensive than 62.8% of Florida neighborhoods and 52.7% of all U.S. neighborhoods.
The average rental price in SW 129th Ct / SW 63rd Ter is currently $3,118, based on Ä¢¹½ÊÓƵ's exclusive analysis. The average rental cost in this neighborhood is higher than 75.7% of the neighborhoods in Florida.
SW 129th Ct / SW 63rd Ter is a densely urban neighborhood (based on population density) located in Miami, Florida.
SW 129th Ct / SW 63rd 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 townhomes. Most of the residential real estate is owner occupied. Many of the residences in the SW 129th Ct / SW 63rd 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.
In SW 129th Ct / SW 63rd Ter, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 89.6% of all neighborhoods in the U.S. This means that the housing supply in SW 129th Ct / SW 63rd Ter 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 Ä¢¹½ÊÓƵ's exclusive exploration and analysis.
Modes of Transportation
Our research reveals that 91.0% of commuters who live in the SW 129th Ct / SW 63rd Ter neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 98.0% of U.S. neighborhoods.
Real Estate
Most neighborhoods are composed of a mixture of ages of homes, but the SW 129th Ct / SW 63rd Ter stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 85.5% of the residential real estate here was built in this one time period.
In addition, 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 SW 129th Ct / SW 63rd Ter neighborhood could be your paradise. With 31.8% 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 3.0% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
People
With a nice mix of college students, safety from crime, and decent walkability, the SW 129th Ct / SW 63rd Ter neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. Ä¢¹½ÊÓƵ's analysis shows that it rates more highly for a good place for college students to live than 89.2% 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.
Diversity
Did you know that the SW 129th Ct / SW 63rd Ter neighborhood has more Cuban and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.4% of this neighborhood's residents have Cuban ancestry and 9.5% have South American ancestry.
SW 129th Ct / SW 63rd Ter is also pretty special linguistically. Significantly, 84.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.2% of all U.S. neighborhoods.
Migration / Stability
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? Ä¢¹½ÊÓƵ's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the SW 129th Ct / SW 63rd Ter neighborhood has a greater percentage of residents born in another country (68.3%) than are found in 99.7% 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. Ä¢¹½ÊÓƵ's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the SW 129th Ct / SW 63rd Ter neighborhood in Miami are middle-income, making it a moderate income neighborhood. Ä¢¹½ÊÓƵ's exclusive analysis reveals that this neighborhood has a higher income than 40.8% of the neighborhoods in America. With 16.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.7% 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 SW 129th Ct / SW 63rd Ter neighborhood, 38.1% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.5%), and 11.1% in manufacturing and laborer occupations.
Languages
The most common language spoken in the SW 129th Ct / SW 63rd Ter neighborhood is Spanish, spoken by 84.9% of households. Some people also speak English (14.8%).
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the SW 129th Ct / SW 63rd Ter neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (59.4%). There are also a number of people of South American ancestry (9.5%), and residents who report Puerto Rican roots (5.2%), and some of the residents are also of Italian ancestry (1.7%), along with some Jamaican ancestry residents (1.5%), among others. In addition, 68.3% 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 129th Ct / SW 63rd Ter neighborhood spend between 15 and 30 minutes commuting one-way to work (48.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.0%) 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
