| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 20th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27707 S Dixie Hwy, Homestead, FL, 33032, US |
| Region / Metro | Homestead |
| Year of Construction | 1974 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
27707 S Dixie Hwy Homestead Multifamily Investment
Renter-occupied housing is prevalent and neighborhood occupancy is steady, supporting durable tenant demand according to WDSuite’s CRE market data.
Located in Homestead’s urban core, the neighborhood scores competitive on amenities — top quartile among 449 metro neighborhoods — with strong density of restaurants, cafes, parks, and childcare options. Pharmacy options are thinner locally, which may factor into resident convenience but is often offset by nearby retail corridors.
The property was built in 1974, older than the neighborhood’s average vintage (1981). For investors, that points to potential value-add through unit renovations and building system upgrades, alongside capital planning for roofs, MEPs, and common areas to sharpen positioning against newer stock.
Neighborhood occupancy is 93.9%, and the share of housing units that are renter-occupied is elevated at 77.7%. For multifamily operators, that renter concentration deepens the tenant base and helps support leasing velocity and retention, especially when paired with amenity access.
Within a 3-mile radius, population and household counts have expanded in recent years and are projected to continue growing, indicating a larger tenant base ahead. Median incomes have risen, while rent levels remain anchored relative to local earnings, which can aid lease management and limit affordability pressure for a portion of renters. Elevated home values versus national benchmarks suggest a high-cost ownership market that can sustain reliance on rental housing and support pricing power for well-positioned assets, based on commercial real estate analysis from WDSuite.
School quality benchmarks in this area trend below metro and national averages, which can matter for family renters; operators often respond with on-site programming and security enhancements to support resident satisfaction.
Safety indicators trend below the metro average, placing the neighborhood in the lower tier among the 449 neighborhoods in the Miami–Miami Beach–Kendall region. Nationally, safety falls below many neighborhoods. That said, recent data show a year-over-year decline in property offenses, indicating some improvement on that dimension. Operators typically account for this with property-level security protocols and resident engagement to support retention.
Regional employment access is diversified, with proximity to corporate offices that support workforce housing demand and commuter convenience, including Lennar, World Fuel Services, Ryder System, Johnson & Johnson, and Mosaic.
- Lennar — homebuilding HQ/corporate (18.8 miles) — HQ
- World Fuel Services — energy distribution HQ/corporate (21.3 miles) — HQ
- Ryder System — logistics & fleet HQ/corporate (24.9 miles) — HQ
- Johnson & Johnson — healthcare corporate office (28.5 miles)
- Mosaic — chemicals & materials corporate office (28.5 miles)
The 105-unit asset at 27707 S Dixie Hwy benefits from a renter-heavy neighborhood, steady occupancy around the mid‑90s, and strong amenity access that supports leasing. Built in 1974, the property is older than nearby stock, creating a clear value‑add path through interior upgrades and system modernizations to compete with newer supply. According to CRE market data from WDSuite, elevated home values relative to national benchmarks and rising incomes in the 3‑mile radius underpin durable rental demand and potential pricing power for well‑positioned, renovated units.
Forward-looking demographics within 3 miles point to continued population and household growth, implying renter pool expansion that can support occupancy stability. Key watch items include below-average safety benchmarks and uneven school ratings; thoughtful security, resident services, and targeted capex can help mitigate these risks and enhance retention.
- Renter-occupied share is high, supporting depth of tenant demand and leasing stability.
- 1974 vintage offers value-add upside via renovations and building system upgrades.
- Amenity-rich urban core location strengthens resident convenience and retention.
- Elevated ownership costs locally reinforce reliance on multifamily housing and pricing power for competitive product.
- Risk: Safety metrics trail metro averages; operators should plan for security and community engagement investments.