Key West, FL Real Estate

According to census data in the year 2000 there were 13,307 housing units in Key West. This represents a 8.9% growth from 12,221 in 1990.

Of those housing units, 13,296 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.

Homeownership rate in Key West is about 45.6%. Key West's vacancy rate, including seasonal lodging, is about 17.2%. Average household size is 2.23 people.

The majority of houses, apartments or condos in Key West were built after 1959.


Housing Size

Housing Units by Size
Studio Type5.10%
One Bedroom21.30%
Two Bedrooms43.80%
Three Bedrooms23.80%
Four Bedrooms4.70%
Five Bedrooms or more1.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1958
Median Value of occupied units$265,800
Median Price asked for vacant units$442,100

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1961
Median Monthly Rent asked for vacant units$831

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.70%
Home Equity Loan6.50%
Simple Mortgage46.40%
Debt Free37.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.8%