Housing and Housing Statistics in Key West, FL
Housing is often the largest expense we face each month. The average monthly home ownership costs for owners with a mortgage in Key West is $2,483, which is higher than the nation as a whole. The average monthly rent in Key West is $1,547, which is higher than the U.S. Approximately 4,052 housing units are owner-occupied. About 33.2% of owners and 32.1% of renters pay less than 30% of their income toward housing expenses, a measure of affordability. Owners make up 28.5% of housing units. 36.4% of the housing units are occupied by renters. 86.3% of homes in Key West were built after 1990. 28.8% of all housing units in Key West have three bedrooms or more.
Own their own homes4,052
Median home price$430,900
Median monthly mortgage$2,483