There are currently 10,005 real estate properties in Key West, FL, with a median automated valuation model (AVM) price of $1,062,900.00. 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 West, 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 West, FL, is $1,347,540.00, with the most expensive house in Key West, FL, topping out at $25,609,000.00 and the cheapest home in Key West, FL, clocking in at $17,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Key West, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Key West, FL, is on a rollercoaster ride. The average rent price in Key West, FL, is $2,885.00. Indeed, when looking to rent in Key West, FL, you can expect to pay as little as $1,380.00 or as much as $4,620.00, with the average rent median estimated to be $2,830.00. The good news is that finding an affordable and desirable property to rent in Key West, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Key West, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Key West, FL and much more. Save thousands at closing with home foreclosure listings in Key West, FL — up to 75% off market value!
Key West is located in Monroe, Florida, with an estimated municipal population of 24,118 residents. All of the best foreclosed homes for sale in Key West are located in the following zip code areas on Foreclosure.com: 33040 33041 33045. The estimated population per square kilometer (.62 miles) in Key West is 1,665.
So, about how much do homes cost in Key West? The most recent median value of resident-owned homes in Key West is 613,182. An estimated 40.7 percent of households in Key West own their homes, with an average family size of 2.81. The median household income in Key West is 69,630, with32.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Key West, the median commute time of resident workers (in minutes) is 13.2. And last, but certainly not least, are you looking for homes to rent in Key West? If so, the average rent price paid by renters in Key West is 1,816, 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 West, 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 West is 40.9, split between 53.5 percent male versus 46.5 female. The percentage of residents who report being married in Key West is 46, with an average family size of 2.81.
The percentage of residents who report their race in Key West is as follows:
|Black / African American||14%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Key West? Or maybe you are searching for 55+ active adult communities in and/or near Key West?
The percentage of residents who report their age in Key West is as follows:
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 West with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Key West.
How do you know that living in -- or moving to -- Key West is right where you need to be? Perhaps you grew up in Key West or already live nearby; therefore, the decision to buy a home in Key West is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Key West 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 West:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Key West.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Key West can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Key West, meanwhile, can field multiple offers from more qualified buyers.
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