Housing data for Key West, FL
Key West, FL has an estimated 25,720 residents and 14,574 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Monroe County.
50.8% of households rent.
The median gross rent is $2,220 a month.
Its population grew measurably since 2015–2019 (+3.5%).
Figures last updated on .
- Residents
- 25,720 (±28)
- Housing units
- 14,574 (±410)
- Households that rent
- 50.8%
- Median gross rent
- $2,220
- Residents since 2015–2019
- +3.5%
What stands out in Key West
Households that rent: 50.8% (±3.6 points) in Key West, higher than in Monroe County (34.2%).
Homes in buildings of 5 or more units: 24.4% (±3.1 points) in Key West, higher than in Monroe County (15.9%).
Households without a vehicle: 10.8% (±2.0 points) in Key West, higher than in Monroe County (6.1%).
Homes built before 1980: 64.5% (±4.7 points) in Key West, higher than in Monroe County (45.6%).
- Renters and owners in Key West
- Types of homes in Key West
- Commute and cars in Key West
- Age of homes in Key West
Housing in Key West at a glance
- Median rent: $2,220 median gross rent a month
- Rent by bedrooms: $2,445 median gross rent, 2 bedrooms
- Rent burden: 61.9% of renters pay 30% or more of income
- Renters and owners: 50.8% of households rent
- Income and affordability: $87,037 median household income
- Home values: $852,400 median home value
- Homeowner costs: $3,605 median monthly cost with a mortgage
- Property taxes: $4,442 median real estate taxes a year
- Types of homes: 24.4% of homes are in buildings of 5 or more units
- Bedrooms: 40.5% of homes have 3 or more bedrooms
- Age of homes: 64.5% of homes were built before 1980
- Vacancy rate: 13.1% rental vacancy rate
- Heating fuel: 83.1% heat with electricity
- Commute and cars: 14.8 minutes average trip to work
- Growth: +3.5% residents since 2015–2019
- How long people stay: 30.7% moved in since 2020
- Crowding and facilities: 3.7% of homes have more than 1 person per room
Key West against Monroe County, its state and the nation
| Key West | Monroe County | Florida | United States | |
|---|---|---|---|---|
| Residents | 25,720 (±28) | 81,860 (exact) | 22,416,077 (exact) | 334,922,499 |
| Housing units | 14,574 (±410) | 54,834 (±47) | 10,256,470 (±942) | 143,775,355 |
| Households that rent | 50.8% (±3.6 points) | 34.2% (±1.7 points) | 32.4% (±0.2 points) | 34.8% |
| Median gross rent | $2,220 (±$210) | $1,999 (±$108) | $1,669 (±$5) | $1,413 |
| Median household income | $87,037 (±$11,382) | $87,738 (±$4,111) | $74,568 (±$284) | $80,734 |
| Median home value | $852,400 (±$48,770) | $780,600 (±$26,820) | $359,000 (±$930) | $332,700 |
| Median real estate taxes (a year) | $4,442 (±$400) | $4,129 (±$172) | $2,730 (±$10) | $3,119 |
| Built before 1980 | 64.5% (±4.7 points) | 45.6% (±1.9 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 14.8 minutes (±1.2) | 19.5 minutes (±0.9) | 28.0 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 90.3% (±2.6 points) | 89.9% (±1.6 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 46.1 years (±2.2) | 49.2 years (±0.2) | 42.6 years (±0.1) | 38.9 years |
Key West covers 5.6 square miles of land, about 4,594 residents per square mile (Census Bureau Gazetteer).
How Key West has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 24,843 (±39) | 25,720 (±28) | +3.5% | Measurable increase |
| Housing units | 13,732 (±464) | 14,574 (±410) | +6.1% | Measurable increase |
| Median gross rent | $1,816 (±$71) | $2,220 (±$210) | +22.2% | No measurable change after inflation |
| Median home value | $611,400 (±$37,028) | $852,400 (±$48,770) | +39.4% | Up after inflation |
| Median household income | $69,630 (±$3,144) | $87,037 (±$11,382) | +25.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,949 (±$170) | $3,605 (±$201) | +22.2% | No measurable change after inflation |
| Median real estate taxes | $3,502 (±$220) | $4,442 (±$400) | +26.8% | No measurable change after inflation |
| Households that rent | 59.3% (±2.4 points) | 50.8% (±3.6 points) | −8.5 percentage points | Measurable decrease |
| Rental vacancy rate | 15.3% (±2.8 points) | 13.1% (±3.3 points) | −2.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Monroe County
Key West has no police department of its own in the FBI’s figures, so this is the figure for Monroe County as a whole.
In 2025, the police departments that report for Monroe County recorded 250 violent and 827 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Key West
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 33040 | 29% | 35,429 | $2,167 | $819,400 | $86,586 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Key West
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Stock Island | 2.2 mi | $2,013 | $517,500 | 72.4% |
| Big Coppitt Key | 7.8 mi | $2,420 | $534,500 | 37.1% |
| Cudjoe Key | 19 mi | $1,864 | $857,400 | 20.8% |
| Big Pine Key | 27 mi | $1,724 | $637,000 | 11.7% |
| Marathon | 49 mi | $1,633 | $725,800 | 39.8% |
| Key Colony Beach | 49 mi | $1,929 | $919,800 | 31.9% |
| Layton | 63 mi | $1,833 | $842,400 | 28.1% |
| Islamorada | 83 mi | $1,882 | $919,600 | 15.5% |
Places in Florida most like Key West
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Marathon | $1,633 | $725,800 | $89,355 | 39.8% |
| Key Colony Beach | $1,929 | $919,800 | $94,231 | 31.9% |
| Cabana Colony | $2,421 | $436,600 | $89,875 | 35.5% |
| Winter Park | $1,738 | $731,400 | $105,724 | 33.8% |
| Naples Park | $2,233 | $690,900 | $80,039 | 37.4% |
| Stock Island | $2,013 | $517,500 | $65,515 | 72.4% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Florida.
HUD Fair Market Rent for Key West, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,554 | $1,990 | $2,254 | $2,973 | $2,984 |
HUD income limits for Key West, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $30,100 | $50,200 | $80,300 |
| 2 people | $34,400 | $57,300 | $91,700 |
| 3 people | $38,700 | $64,500 | $103,200 |
| 4 people | $43,000 | $71,650 | $114,650 |
| 5 people | $46,450 | $77,350 | $123,850 |
| 6 people | $49,900 | $83,100 | $133,000 |
| 7 people | $53,350 | $88,850 | $142,200 |
| 8 people | $56,800 | $94,600 | $151,350 |
These are the limits HUD sets for its housing programs in the Monroe County, FL, where HUD’s median family income for fiscal year 2026 is $129,600.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Key West
What is the average rent in Key West, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Key West is $2,220 (±$210) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Key West?
The median gross rent for a one-bedroom home in Key West, FL is $2,053 (±$210) a month (2020–2024 American Community Survey).
Are renters in Key West rent-burdened?
61.9% of renting households in Key West pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Key West?
Key West has an estimated 5,478 (±490) renting households, 50.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Key West?
The median household income in Key West is $87,037 (±$11,382) a year (2020–2024 American Community Survey).
What is the average home value in Key West, FL?
The Census Bureau publishes the median: $852,400 (±$48,770) for owner-occupied homes in Key West (2020–2024 American Community Survey).
Is Key West growing?
In Key West, the number of residents went from 24,843 in 2015–2019 to 25,720 in 2020–2024 (+3.5%), a measurable increase.
What ZIP codes are in Key West?
The ZIP code that covers Key West is 33040.
What is the median rent in ZIP code 33040?
The median gross rent in ZIP Code Tabulation Area 33040 is $2,167 (±$143) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Key West city, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Key West city, Florida
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Key West city, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Key West city, Florida
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Key West city, Florida
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Key West city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Key West city, Florida
- HUD Fair Market Rents, fiscal year 2027: Monroe County, FL
- HUD Income Limits, fiscal year 2026: Monroe County, FL
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 West city, Florida (place:36550, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .