Key Biscayne, FL Real Estate
According to census data in the year 2000 there were 6,368 housing units in Key Biscayne.
This represents a 11.3% growth from 5,724 in 1990.
Of those housing units, 6,368 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Key Biscayne is about 71%.
Key Biscayne's vacancy rate, including seasonal lodging, is about 33.3%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Key Biscayne were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 12.70% |
| Two Bedrooms | 50.80% |
| Three Bedrooms | 19.80% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $615,500 |
| Median Price asked for vacant units | $671,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $1,955 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11.50% |
| Home Equity Loan | 16.40% |
| Simple Mortgage | 46.20% |
| Debt Free | 25.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.9% |
