South Florida in Top 5 Most Affordable Areas with Good Schools
by Sep Niakan | December 04, 2015
For many South Florida residents, the perceptions of glitz and glamour of highrise towers are appealing but prices are a bit of a turn off. A new report found, however, that South Florida actually has more affordable neighborhoods with good schools compared to other U.S. regions. South Florida is ranked fourth in affordable neighborhoods with good education access.
The report's methodology surveyed 7,200 zip codes, calculating median home prices and median incomes. Neighborhoods where a family must pay more than one third of the median income to purchase a house was deemed unaffordable. If the house was less than one third, then it was deemed affordable.
Of the 7,200 zip codes, about one-fourth (1,823) had at least one elementary school that posted test scores above the average for their state. Of those 1,823, only a third (631) was deemed affordable zip codes. Of that third, 20 of them were in South Florida, ranking it fourth in the nation for the number of zip codes that passed this criteria for affordability. Ranking higher than South Florida was Phoenix, AZ, Detroit, MI and Chicago, IL. Chicago ranked highest, with about one quarter of all affordable zipcodes
Photo credit: therealdeal.com
by Sep Niakan | January 17, 2018
Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...
by Sep Niakan | January 05, 2018
Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities. A lot of people consider January to be the month when the festive season and all its...
by Sep Niakan | December 31, 2017
The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018. Miami Cruise...