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
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 Market | 102 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 30.6% |
| Homes Sold | 25 |
| Active Inventory | 337 |
| Price Per Sq Ft | $829 |
Ownership & Stock
| Owner-Occupied | 47.4% |
| Renter-Occupied | 52.6% |
| Homeownership Rate | 47.4% |
| Total Housing Units | 14,482 |
| Median Year Built | 1968 |
| Rent Burden | 35.8% |
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