What is the rental vacancy rate in Key Biscayne, FL?
The rental vacancy rate in Key Biscayne, FL is 16.3% (±7.6 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.2% (±1.7 points).
2,365 (±315) homes, 32.4% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Key Biscayne, the rental vacancy rate went from 11.9% in 2015–2019 to 16.3% in 2020–2024 (+4.4 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 16.3% (±7.6 points)
- Homeowner vacancy rate
- 1.2% (±1.7 points)
- Vacant homes
- 2,365 (±315)
Vacancy in Key Biscayne against Miami-Dade County, its state and the nation
| Key Biscayne | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 16.3% (±7.6 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.2% (±1.7 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 2,365 (±315) | 119,572 (±2,516) | 1,503,660 (±20,826) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Key Biscayne, the rental vacancy rate is higher than in Miami-Dade County (5.5%).
It is also higher than in Florida (7.6%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Key Biscayne
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Key Biscayne | — | 16.3% (±7.6 points) | — |
| Fisher Island | 5.1 mi | 48.8% (±51.2 points) | Not measurably different |
| Coral Gables | 6.0 mi | 11.4% (±4.2 points) | Not measurably different |
| Miami | 6.4 mi | 6.5% (±0.5 points) | Lower |
| South Miami | 8.2 mi | 6.3% (±3.5 points) | Lower |
| Miami Beach | 8.4 mi | 7.6% (±1.5 points) | Lower |
| Pinecrest | 8.8 mi | 2.8% (±4.7 points) | Lower |
| West Miami | 9.4 mi | 6.3% (±5.5 points) | Lower |
| Glenvar Heights | 9.4 mi | 7.4% (±3.5 points) | Lower |
Nearby places with a measurably lower figure: Miami, FL (6.5%), South Miami, FL (6.3%), Miami Beach, FL (7.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Miami-Dade County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Golden Beach | 100.0% (±100.0 points) |
| 2 | Fisher Island | 48.8% (±51.2 points) |
| 3 | Sunny Isles Beach | 23.8% (±4.2 points) |
| 4 | Key Biscayne | 16.3% (±7.6 points) |
| 5 | Bal Harbour | 12.6% (±11.7 points) |
| 6 | Coral Gables | 11.4% (±4.2 points) |
| 7 | Surfside | 8.8% (±13.7 points) |
| 8 | Fountainebleau | 8.7% (±2.3 points) |
| 9 | Ojus | 8.2% (±5.4 points) |
| 10 | North Miami Beach | 8.1% (±3.2 points) |
Showing 10 of 70 places in Miami-Dade County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Key Biscayne
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Questions about Key Biscayne
Is it hard to find a rental in Key Biscayne?
The rental vacancy rate in Key Biscayne, FL is 16.3% (±7.6 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Key Biscayne tighter than it was?
In Key Biscayne, the rental vacancy rate went from 11.9% in 2015–2019 to 16.3% in 2020–2024 (+4.4 percentage points), not a measurable change.
How many homes are vacant in Key Biscayne?
An estimated 2,365 (±315) housing units, 32.4% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Key Biscayne village, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Key Biscayne village, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Key Biscayne village, Florida (place:36300, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Key Biscayne
- How long people stay in Key Biscayne
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- Fair Market Rent in Key Biscayne
- Florida landlord and tenant rules
- Housing across Miami-Dade County
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- Housing data for every place in Florida