There are currently 11,362 real estate properties in Key Largo, FL, with a median automated valuation model (AVM) price of $749,319.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Key Largo, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Key Largo, FL, is $1,451,448.00, with the most expensive house in Key Largo, FL, topping out at $71,755,500.00 and the cheapest home in Key Largo, FL, clocking in at $29,126.00. In other words, there’s something for every potential homebuyer or savvy investor in Key Largo, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Key Largo, FL, is on a rollercoaster ride. The average rent price in Key Largo, FL, is $2,586.00. Indeed, when looking to rent in Key Largo, FL, you can expect to pay as little as $960.00 or as much as $4,680.00, with the average rent median estimated to be $2,360.00. The good news is that finding an affordable and desirable property to rent in Key Largo, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Key Largo is located in Monroe, Florida, with an estimated municipal population of 9,952 residents. All of the best foreclosed homes for sale in Key Largo are located in the following zip code areas on Foreclosure.com: 33037. The estimated population per square kilometer (.62 miles) in Key Largo is 318.
So, about how much do homes cost in Key Largo? The most recent median value of resident-owned homes in Key Largo is 417,232. An estimated 76.6 percent of households in Key Largo own their homes, with an average family size of 2.76. The median household income in Key Largo is 65,864, with27.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Key Largo, the median commute time of resident workers (in minutes) is 28.3. And last, but certainly not least, are you looking for homes to rent in Key Largo? If so, the average rent price paid by renters in Key Largo is 1,449, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Key Largo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Key Largo is 52.9, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in Key Largo is 58.4, with an average family size of 2.76.
The percentage of residents who report their race in Key Largo is as follows:
| White | 95.7% |
| Black / African American | 1.3% |
| Asian | 1.1% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.6% |
| Other | 1% |
Looking for family-friendly neighborhoods in and/or near Key Largo? Or maybe you are searching for 55+ active adult communities in and/or near Key Largo?
The percentage of residents who report their age in Key Largo is as follows:
| Under 10 | 7.7% |
| Aged 10-19 | 10.8% |
| 20s | 5.3% |
| 30s | 9.4% |
| 40s | 12.4% |
| 50s | 16.7% |
| 60s | 21.9% |
| 70s | 9.9% |
| 80+ | 6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Key Largo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Key Largo.
How do you know that living in -- or moving to -- Key Largo is right where you need to be? Perhaps you grew up in Key Largo or already live nearby; therefore, the decision to buy a home in Key Largo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Key Largo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Key Largo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Key Largo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Key Largo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Key Largo, meanwhile, can field multiple offers from more qualified buyers.
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