Overtown
Overtown
Pros & Cons
Top 3 Things To Do
Median Price
The Location
Day & Nightlife
Walk Score
Comparable Neighborhoods
Demographics
Overtown
Description of the Neighborhood:
Overtown, nestled in the heart of Miami, boasts a rich history as a cultural hub for African-American residents and a focal point for community revitalization efforts.
It’s one of the most beautiful neighborhoods in Miami.
Pros & Cons
PROS:
Historic Significance:
Overtown is known for its significant role in African-American culture, with historic sites like the Lyric Theater showcasing the area’s cultural heritage.
Revitalization Initiatives: |
Ongoing revitalization efforts aim to restore and preserve Overtown’s historical significance while fostering economic and community development.
Central Location:
Positioned near downtown Miami, Overtown provides convenient access to the city’s business and cultural districts.
CONS:
Economic Challenges:
Despite revitalization efforts, economic challenges persist in Overtown, impacting infrastructure and community services.
Top 3 Things To Do
Top 3 things to do in the area:
Lyric Theater:
Visit the historic Lyric Theater, a cultural landmark that hosts performances, events, and exhibits highlighting the area’s history.
Historic Tours:
Explore Overtown’s historic districts with guided tours showcasing the neighborhood’s unique architecture and cultural landmarks.
Soul Food Dining:
Indulge in authentic soul food at local eateries, experiencing the flavors that have been a staple of Overtown’s culinary scene.
Best time of the year to visit:
Year-round, Overtown offers cultural events and activities. However, consider visiting during local festivals and community celebrations for an immersive experience.
Median Price
Median Residential Rent:
Residential rental options in Overtown may range from $1,200 to $2,500 per month, with variations based on property size and amenities.
Median Residential Sale:
Properties for sale in Overtown have a median price range of $200,000 to $500,000, offering options for those seeking historic homes or modern living space
Median Commercial Rent:
Commercial rental rates in Overtown can vary but may range from $15 to $30 per square foot, depending on the type and location of the commercial space.
Median Commercial Sale:
Commercial properties for sale in Overtown may range from $500,000 to $2 million, with factors such as size, location, and purpose influencing the price.
Data as of 12/2023 researched by RealFeed Research Department.
The Location
Location Summary:
Overtown’s central location provides proximity to downtown Miami and cultural attractions, making it an attractive area for those who appreciate history and community.
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Day & Nightlife
What’s Happening?..
While not as bustling as some other neighborhoods, Overtown offers unique cultural experiences during the day and occasional events in the evening.
Walk Score
Some folks are afraid of walking this area, but we say, go for it.
Somewhat Walkable
Comparable Neighborhoods
Comparable areas are;
Neighborhoods like Wynwood and Little Haiti share Overtown’s focus on cultural identity and revitalization, contributing to Miami’s diverse cultural landscape.
Similar Areas
Demographics
Lots of beautiful Black people. The community has a growing diverse population with a focus on preserving cultural heritage, attracting residents who appreciate its historical significance.
