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Key West, FL

Full City Profile · Florida · Monroe County County

2.7 /5.0
C+ Fair
25,824 Population 4,611/sq mi density
$78,532 Median Income $59,457 per capita
$816,300 Home Value $1,004,830 Zillow
$2,075 Median Rent 35.8% income on rent
77°F Avg Temperature 330 sunny days/yr
391 Violent Crime/100K 2,989 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$78,532 median income, 1.2% unemployment
F
Affordability
1.0 / 5.0
$816,300 home value, $2,075/mo rent
F
Safety
1.0 / 5.0
391 violent crimes/100K (3% above avg)
A
Education
4.3 / 5.0
41.2% bachelor's degree or higher

Housing Overview

Median Home Value
$816,300
190% above
US avg: $281,900
Median Rent
$2,075/mo
78% above
US avg: $1,163/mo
Homeownership Rate
47.4%
28% below US avg (65.4%)
Total Housing Units
14,482
Median year built: 1968

Home Value by Source

Census Median
$816,300
Zillow (ZHVI)
$1,004,830
Median Sale Price
$1,000,000
Median List Price
$1,300,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

47.4%
Owner-Occupied
52.6%
Renter-Occupied
47%
53%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent: $2,075/mo · Zillow rent: $3,633/mo

Market Indicators (Redfin)

Median Days on Market
102 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
25
Price Drops
30.6%
of listings with price reduction
Price Per Sq Ft
$829
Active Inventory
337
homes for sale

Affordability & Housing Stock

Rent Burden
35.8%
of renters spending 30%+ of income on housing
15% above US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
47.4%

Complete Housing Data

Home Values

Census Median Value$816,300
Zillow Home Value (ZHVI)$1,004,830
Median Sale Price$1,000,000
Median List Price$1,300,000
Price Per Sq Ft$829

Rent

Census Median Rent$2,075
Zillow Rent (ZORI)$3,633
FMR Studio$1,212
FMR 1-Bedroom$1,296
FMR 2-Bedroom$1,526
FMR 3-Bedroom$1,971
FMR 4-Bedroom$2,261

Market

Days on Market102
Sale-to-List Ratio0.9%
Price Drops30.6%
Homes Sold25
Active Inventory337
Price Per Sq Ft$829

Ownership & Stock

Owner-Occupied47.4%
Renter-Occupied52.6%
Homeownership Rate47.4%
Total Housing Units14,482
Median Year Built1968
Rent Burden35.8%