Preforeclosure Homes in Key West, FL

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$502,508 EMV

Duncan St
Key West, FL 33040

2 Bed | 1 Bath | 817 Sq. Ft.

5 Leon-st-Key-west-FL-33040
$810,067 EMV

Leon St
Key West, FL 33040

2 Bed | 2 Bath | 1,250 Sq. Ft.

$665,322 EMV

Duck Ave
Key West, FL 33040

2 Bed | 1,008 Sq. Ft.

5 Duck-ave-Key-west-FL-33040
$665,322 EMV

Duck Ave
Key West, FL 33040

2 Bed | 1 Bath | 1,008 Sq. Ft.

Displaying 11 - 14 of 14

Home Value Estimator For Key West, FL

There are currently 10,072 real estate properties in Key West, FL, with a median automated valuation model (AVM) price of $762,700.00. 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 $910,135.00, with the most expensive house in Key West, FL, topping out at $46,734,080.00 and the cheapest home in Key West, FL, clocking in at $108,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Key West, FL!

Rent Prices 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 $2,925.00. 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 $2,890.00. 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.

Foreclosure Homes in Key West, FL

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 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!

Top Reasons To Live In Key West, FL In 2021

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 33040 33041 33045. The estimated population per square kilometer (.62 miles) in Key West is 1,665.

Cost Of Living In Key West, FL

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.

Diversity And Demographics In Key West, Florida

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:

White 79.7%
Black / African American 14%
Asian 2%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 1.3%
Other 2.7%

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:

Under 10 9.1%
Aged 10-19 7.7%
20s 13.3%
30s 17.8%
40s 14.4%
50s 14.3%
60s 11.7%
70s 7.8%
80+ 3.9%

Best Schools In Key West, Florida

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.

Pros And Cons Of Living In Key West, Florida

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:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

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.

Reasons To Move To Key West, Florida, In 2021

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.


Listing types in Key West, FL

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