Location and Crime Rate
1276 NW 71st St, Miami, FL 33147 is situated in the Liberty City neighborhood. This area is part of Miami-Dade County. Historically, Liberty City has grappled with higher crime rates compared to other parts of Miami. However, efforts have been made to improve safety through community programs and increased police presence.
School District and Nearby Amenities
The property falls under the Miami-Dade County Public Schools district. The ratings for schools can vary significantly, so it’s advisable to check specific schools for updated performance scores. The area offers several amenities including local parks, community centers, and grocery stores. Tourist attractions like Wynwood Walls and the Miami Design District are a short drive away, offering cultural experiences and shopping.
Income, Nearby Neighborhoods, and Job Growth
The average household income in Liberty City is generally lower than in other Miami neighborhoods, reflecting its ongoing economic challenges. Nearby neighborhoods like Wynwood and Little Haiti may show varied income levels, often higher due to recent developments and gentrification. Job growth in the area is gradually improving, with new businesses, art galleries, and tech startups contributing to the economic landscape. Miami's city center is approximately 6 miles away, making it accessible for additional opportunities and amenities.
Read lessNeighborhood Summary
Nestled in an area rich with culture and history, this neighborhood presents a unique blend of challenges and opportunities for potential homebuyers and real estate professionals. With a median home price of $209,300, it offers an affordable entry point into the housing market when compared to the national average, which hovers around $375,000. However, a deeper dive into the neighborhood’s demographics reveals complexities that warrant careful consideration. The median household income stands at $24,500, significantly below the national average of approximately $70,000, highlighting economic challenges that are further emphasized by a poverty rate of 45%. These figures suggest a community that may be struggling economically, with limited disposable income and investment potential.
The rental market offers a silver lining with a median contract rent of $286, presenting an extremely affordable option compared to the national median rent, which is around $1,100. Despite this affordability, the rental market is more prevalent than ownership, as 56% of residents rent their homes while only 20% are homeowners. This is coupled with a concerning 24% of vacant housing units, indicating potential for property value stagnation and possible disinvestment. The unemployment rate here is notably high at 12%, compared to a national rate of around 4%, and only 4% of residents hold a college degree, which may pose challenges in attracting higher-paying job opportunities.
Socially, the neighborhood has a predominantly Black population, which enriches the community's cultural landscape but also reflects broader socio-economic disparities. Only 18% of households are married-couple families, which is lower than the national average of about 50%, indicating a higher prevalence of single-income households. A positive aspect is that 33% of owners are living without mortgages, providing some financial stability. However, for those with mortgages, 31% allocate 30% or more of their income towards housing costs, a considerable financial burden that aligns closely with national figures.
In light of these challenges, individuals seeking more favorable metrics while maintaining a similar price point might consider exploring alternative neighborhoods nearby. Areas that offer similar home prices but with higher median incomes, lower unemployment rates, and more prevalent home ownership could provide a more balanced investment environment. Given these insights, potential buyers and investors are encouraged to weigh these factors carefully, considering both the potential for growth and the inherent risks associated with such economic landscapes. This neighborhood holds promise for those ready to invest in communities on the cusp of revitalization while providing social and economic support.
Median Home Price
Walk Score
Bike Score
Median Household Income
Percent Under Poverty
Median Contract Rent
Owners vs Renters
Vacant Housing Units
Unemployment Rate
College Degree
Dominant Race
Married-Couple Families
Owners Without Morgages
Mortgage ≥ 30% Income
Rent ≥ 30% Income
Non-US Citizens
Gwen Cherry Park
0.5 miles
Jackson Memorial Hospital
3.5 miles
Presidente Supermarket
1.2 miles
Chef Creole
0.9 miles
UFC Gym Miami
4.0 miles
Miami International Airport
6.8 miles
Miami Northwestern Senior High School
1.5 miles
Miami-Dade County Fair & Expo
5.5 miles
Northside Station
Metrorail
Dynamic Insights
Custom Narratives
Green Flags
Red Flags
Flood Zone
Flood zone information is not available for this property at this time.
Historical Flooding
Historical flood damage records are not available for this property.
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