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Real Estate Prices & Overview

Allapattah Southeast median real estate price is $485,382, which is more expensive than 63.7% of the neighborhoods in Florida and 67.9% of the neighborhoods in the U.S.

The average rental price in Allapattah Southeast is currently $2,035, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.1% of Florida neighborhoods.

Allapattah Southeast is a densely urban neighborhood (based on population density) located in Miami, Florida.

Allapattah Southeast 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Allapattah Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Allapattah Southeast are 3.5%, which is lower than one will find in 76.7% of American neighborhoods. Demand for real estate in Allapattah Southeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Allapattah Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Allapattah Southeast 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 96.0% 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.

In addition, one of the really unique and interesting things about the look and setting of the Allapattah Southeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 93.6% 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 98.7% of all neighborhoods in America.

Furthermore, renter-occupied real estate is dominant in the Allapattah Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.7%, which is higher than 98.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

People

An interesting characteristic about the Allapattah Southeast neighborhood is that there are more incarcerated people living here than 99.0% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.

In addition, the Allapattah Southeast neighborhood stands out for having an average per capita income lower than 98.3% of the neighborhoods in the United States.

Diversity

Did you know that the Allapattah Southeast neighborhood has more Cuban and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 40.0% of this neighborhood's residents have Cuban ancestry and 4.5% have Haitian ancestry.

Allapattah Southeast is also pretty special linguistically. Significantly, 70.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.5% 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? NeighborhoodScout'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 Allapattah Southeast neighborhood has a greater percentage of residents born in another country (57.7%) than are found in 98.9% 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 Allapattah Southeast neighborhood in Miami are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.3% of U.S. neighborhoods. With 20.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.3% 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 Allapattah Southeast neighborhood, 34.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 33.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.1%), and 14.0% 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 Allapattah Southeast neighborhood is Spanish, spoken by 70.7% of households. Other important languages spoken here include English and French.

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 Allapattah Southeast neighborhood in Miami, FL, residents most commonly identify their ethnicity or ancestry as Cuban (40.0%). There are also a number of people of South American ancestry (8.8%), and residents who report Haitian roots (4.5%), and some of the residents are also of Dominican ancestry (3.9%), along with some Puerto Rican ancestry residents (2.4%), among others. In addition, 57.7% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Allapattah Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (35.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.3%) 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 (8.5%) and 7.4% of residents also hop out the door and walk to work for their daily commute. 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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