Little Havana Eviction Risk: Elevated , Miami

The clearest offset is supply constraint at 1/10. 77% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building nearby. Severe burden reaches 22%. Those are renters paying half their income or more, and that is where non-payment filings originate.

Annualized rent equals 34% of average household income of $47,583, past the 30% affordability line, which thins the margin any screening standard has to work with. Well under the midpoint, state political climate reads 1.5/10. Against the Miami-Dade County average of 4.6, this tract reads riskier for landlords by 1.4 points.

On the softer side, rent-regulation exposure reads 2/10. At $1,364 a month, rents run 22% under what the rest of Miami commands. The poverty rate is 24%, which in this model reads as reduced rent-recovery odds after a judgment.

Against Miami-Dade County at 57.9%, 64% of renters here are cost-burdened. The filing record is not thin: 72 evictions over 2 years of observation.

Filings peaked in 2016 at 3.7% of renter households. This ground was mapped C ("Definitely Declining") on the 1930s HOLC security maps for Miami. That grading determined who could get a mortgage, and its imprint on tenure and rent burden is still visible in the ACS data above.

All figures here are ACS 5-year estimates for this tract, refreshed as the underlying releases land.