What is the rental vacancy rate in Key West, FL?

Name: Vacancy rate in Key West, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Key West, FL is 13.1% (±3.3 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.8% (±1.2 points).

3,799 (±341) homes, 26.1% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Key West, the rental vacancy rate went from 15.3% in 2015–2019 to 13.1% in 2020–2024 (−2.2 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 13.1% (±3.3 points)
Homeowner vacancy rate: 1.8% (±1.2 points)
Vacant homes: 3,799 (±341)

Vacancy in Key West against Monroe County, its state and the nation

Estimate (90% margin of error)
	Key West	Monroe County	Florida	United States
Rental vacancy rate	13.1% (±3.3 points)	19.6% (±2.6 points)	7.6% (±0.2 points)	5.5%
Homeowner vacancy rate	1.8% (±1.2 points)	2.1% (±0.8 points)	1.4% (±0.1 points)	0.9%
Vacant housing units	3,799 (±341)	20,429 (±731)	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 West, the rental vacancy rate is lower than in Monroe County (19.6%).

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 West

Nearest places with a published estimate, compared with Key West
Place	Distance	Rental vacancy rate	Compared with this place
Key West	—	13.1% (±3.3 points)	—
Stock Island	2.2 mi	9.7% (±7.9 points)	Not measurably different
Big Coppitt Key	7.8 mi	15.8% (±14.7 points)	Not measurably different
Cudjoe Key	19 mi	35.0% (±15.3 points)	Higher
Big Pine Key	27 mi	24.8% (±16.7 points)	Not measurably different
Marathon	49 mi	20.2% (±7.5 points)	Not measurably different
Key Colony Beach	49 mi	60.8% (±12.4 points)	Higher
Layton	63 mi	51.5% (±51.5 points)	Not measurably different
Islamorada	83 mi	42.5% (±15.9 points)	Higher

Nearby places with a measurably higher figure: Cudjoe Key, FL (35.0%), Key Colony Beach, FL (60.8%), Islamorada, FL (42.5%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Monroe County, place by place

Rank	Place	Rental vacancy rate
5	Cudjoe Key	35.0% (±15.3 points)
6	Tavernier	32.4% (±18.9 points)
7	Big Pine Key	24.8% (±16.7 points)
8	Marathon	20.2% (±7.5 points)
9	Key Largo	18.5% (±8.8 points)
10	Big Coppitt Key	15.8% (±14.7 points)
11	Key West	13.1% (±3.3 points)
12	Stock Island	9.7% (±7.9 points)

Showing 8 of 12 places in Monroe 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.

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Questions about Key West

Is it hard to find a rental in Key West?

The rental vacancy rate in Key West, FL is 13.1% (±3.3 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 West tighter than it was?

In Key West, the rental vacancy rate went from 15.3% in 2015–2019 to 13.1% in 2020–2024 (−2.2 percentage points), not a measurable change.

How many homes are vacant in Key West?

An estimated 3,799 (±341) housing units, 26.1% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

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 DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API 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.