Housing & Real Estate — Key West, Florida
Overview
| Total Housing Units | 14,414 |
|---|
| Occupied | 11,188 |
|---|
| Vacant | 3,226 |
|---|
| Owner-Occupied | 5,304 |
|---|
| Renter-Occupied | 5,884 |
|---|
| Median Home Value (Census) | $852,400 |
|---|
| Estimated 2026 | ~$942,000 |
|---|
| Median Rent | $2,075/mo |
|---|
| Median Property Tax | $4,442/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | very expensive |
|---|
| Rent as % of Income | 28.6% |
|---|
| Severely Rent-Burdened | 52.9% |
|---|
Housing Age
| Built 2010 or later | 582 |
|---|
| Built 2000-2009 | 1,211 |
|---|
| Built 1990-1999 | 1,439 |
|---|
| Built before 1960 | 5,679 |
|---|
| Median Year Built | 1968 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
