Location and Amenities
1340 NW 70th St is located in the Liberty City neighborhood of Miami, FL. The area offers a variety of amenities. There are several parks nearby, including Arcola Lakes Park and Westview Park, which provide recreational opportunities. Grocery stores such as Publix and local markets are accessible, providing convenient shopping options. The neighborhood is a short drive to Miami's vibrant city center, offering access to tourist attractions like the Miami Design District, Wynwood Walls, and the famous Miami Beach.
Crime Rate and School District
Liberty City has historically had higher crime rates compared to other parts of Miami, although efforts have been made to improve safety. Regarding education, the property falls within the Miami-Dade County Public Schools district, which has schools with varying ratings; it’s advisable to check the specific schools assigned to the property for detailed ratings. There are several public and charter schools in the area, providing educational options for families.
Economic and Employment Information
The average household income in Liberty City is generally lower than the Miami metropolitan area average. Economic conditions can vary greatly between nearby neighborhoods, with some areas such as Little Haiti and Allapattah also experiencing similar income levels. The area has seen some job growth, largely influenced by broader developments in Miami-Dade County. Proximity to Miami's city center (approximately 7-8 miles away) provides residents with access to a larger job market, including sectors like tourism, finance, and healthcare, contributing to the potential for future growth and development in the neighborhood.
Neighborhood Summary
Nestled in an area characterized by affordability, this neighborhood presents a median home price of $209,300, which is notably lower than the national average. This affordability can be a significant draw for budget-conscious buyers or investors looking for cost-effective opportunities. However, the financial landscape here tells a complex story. With a median household income of $24,500, starkly below the national average, many residents face economic challenges. This is evidenced by the high percentage of the population living under the poverty line, which stands at 45%, significantly higher than the national norm. Despite these economic hurdles, the rental market remains accessible, with a median contract rent of $286, offering a rare affordability that is difficult to find elsewhere.
The neighborhood's composition is primarily renting households, with 56% of the population choosing to rent. Only 20% are homeowners, and a substantial 24% of housing units remain vacant, reflecting a potentially transient demographic or economic instability. The unemployment rate here is 12%, nearly double the national average, suggesting limited employment opportunities. These economic challenges are compounded by educational barriers, as only 4% of residents hold a college degree, which could influence the types of jobs available and the overall economic mobility within the community. Of those who do own homes, 33% own without mortgages, a sign of economic resilience amid financial adversity.
In terms of demographics, the neighborhood is predominantly Black, with a small percentage of non-US citizens at 9%. The community’s family structure varies from broader national patterns, with only 18% of households comprising married-couple families, suggesting a diverse range of household types. The financial burdens on homeowners are noteworthy, with 31% spending more than 30% of their income on mortgages, which is a critical indicator of financial strain. Though specific data on renters in similar situations isn’t available, the overall economic landscape suggests that affordability issues are pervasive.
Given some of these challenges, prospective homebuyers or investors might consider alternative neighborhoods offering similar price points but with more favorable conditions. Areas with better employment rates, higher educational attainment, and lower vacancy rates could provide a more stable investment or living environment. Such neighborhoods might offer improved prospects for growth and stability, potentially enhancing long-term financial well-being. In conclusion, while this neighborhood offers attractive home prices, the economic and social indicators suggest a need for careful consideration before investing or purchasing.
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
Olinda Park
park
Jackson North Medical Center
hospital
Publix Super Market
grocery store
Chef Creole
restaurant
LA Fitness
gym
Miami International Airport
international airport
Liberty City Elementary School
school
Wynwood Walls
main attraction
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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