Monroe County Real Estate - Key West

Key West is in South East Florida. It's population as recorded in the 2010 Census was 24,649. Key West is approximately 129 miles from Miami (population 399,457) and around 130 miles from Hialeah (population 224,669).

The median age for residents of Key West is 41.5. Around 19.9% of Key West households include school aged children and 22.9% of households include individuals aged 65 years or over. Census records indicate 83.7% of the Key West population are White, 9.7% are Black or African American, .4% American Indian, 1.6% Asian and 2% are Two or more Races. Key West has a significant Hispanic population. 21.2% (5,228) of Key West residents are of Hispanic or Latino origin. Of these 11.59% are of Mexican origin, 7.74% Puerto Rican, 46.32% Cuban and 34.33% are of other Hispanic or Latino origin.

There are 14,107 housing units in Key West. 3,178 (22.5%) of these were reported as vacant in the 2010 Census. Key West is a tourist destination, 60.8% (1,935) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 6,941 residential rental units in Key West. 6,409 of them were occupied in 2010 providing a residential rental vacancy rate of 7.1%.

Key West links:

Monroe County

Monroe County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Broward. Key West is the county seat. Other incorporated municipalities are Marathon, Key Colony Beach, Layton, and Islamorada. The county's population is over 70,000.

Monroe County is the southernmost county in Florida and the continental United States. 99% of the population of Monroe County lives in the Florida Keys, which are wholly contained within Monroe County. Mainland Monroe County is covered by wetlands. Portions of Everglades National Park and Big Cypress National Preserve form the entirety of the section of Monroe County that lies on the peninsula. 22% of the properties in Monroe County are government owned.

The largest industry in Monroe County is tourism. In 2010, The Keys alone had 3.8 million visitors. Major private sector employers are Kmart, HMA, Baptist Mariner's Hospital, HTA, and Hawks Cay Resort. Public employers are US Armed Forces, Monroe County Schools, Monroe County Government, and Florida Keys Community College.

Visitors go to the Keys for the year-round warm weather, sandy beaches, and stunning vistas of both the Atlantic Ocean and Gulf of Mexico. The islands of the Keys offer a variety of maritime recreation opportunities, including boating, fishing, and windsurfing. The Keys are sometimes referred to as the Conch Republic after the islands seceded from the United States in 1982 and immediately surrendered to protest a blockade at the mainlands to search for drugs.

Once the largest city in Florida, Key West is still the southernmost in the lower 48. The cultural and economic heart of Monroe County is at the southern terminus of US 1. The southern islands have long been a naval base, dating back to its establishment in 1823 to combat piracy. Today, Naval Air Station Key West is used as a forward base to combat the narcotics trade in the Caribbean and as a flight training center.

Neighboring Properties

AddressTypeSq FtClass 
313 Catherine St Condominium 1,953 L
313 Catherine St Condominium 642 L
313 Catherine St Condominium 644 L
307 Catherine St Single Family 1,020 B
5 Rear 313 Catherine St Single Family 306 B
315 Catherine St Vacant Residential 0 L
305 Catherine St Vacant Residential 0 L
317 Catherine St Single Family 756 A
310 Amelia St Single Family 1,540 B
1125-1127 Thomas St Multi-family - less than 10 units 3,017 A
306 Amelia St Single Family 1,172 B
314 Amelia St Single Family 1,069 C
304 Amelia St Single Family 936 B
319 Catherine St Single Family 980 B
316 Amelia St Multi-family - less than 10 units 1,158 B
2 Foot Strip Of Land On Catherine St Vacant Residential 0 L
308 Catherine St Multi-family - less than 10 units 1,171 B
312 Catherine St Multi-family - less than 10 units 1,558 B
302 Amelia St Single Family 2,080 A
306 Catherine St Government Undefined 0 L
318 Amelia St Single Family 948 B
321 Catherine St Single Family 1,668 B
304 Catherine St Forest, park or recreational area 4,155 B
322 Amelia St Vacant Residential 0 L
314 Catherine St Single Family 1,508 B
311 Amelia St Single Family 2,105 B
325 Catherine St Single Family 1,806 A
309 Amelia St Vacant Residential 1,200 L
300 Blk Of Louisa St Utility 0 L
313 Amelia St Multi-family - less than 10 units 1,540 B
307 Louisa St Government Undefined 0 L
315 Amelia St Single Family 1,178 B
317 Amelia St Single Family 600 B
326 Amelia St Single Family 720 A
1107 Thomas St Single Family 1,138 B
319 Amelia St Single Family 828 B
250 Amelia St Government Undefined 0 L
1124 Whitehead St Single Family 780 B
1122 Whitehead St Multi-family - less than 10 units 1,816 B
308 Virginia St Vacant Residential 0 L
309 Louisa St Hotel or motel 2,306 B
1118 Whitehead St Single Family 756 B
1200 Whitehead St Single Family 1,617 B
1116 Whitehead St Single Family 720 B
325 Amelia St Single Family 1,046 B
1105 Thomas St Single Family 642 B
1114 Whitehead St Single Family 720 B
250 Catherine St Forest, park or recreational area 0 L
312 Virginia St Multi-family - less than 10 units 1,435 B

Local Household Income

The median household income in this part of Florida is $59,750. The bottom 10% of the population earn less than $15,113 per year. The top 10% earn more than $164,280 per year. The top 1% earn more than $542,576 per year. Most renters earn between $26,844 (20th percentile) and $59,088 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $119,500 and $149,375.

The tax assessed value of this property places it in percentile 29 of all properties in this area. This suggests it would appeal to someone earning around $35,277 per year who should qualify for a mortgage between $70,554 and $88,193.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,192. Most renters earn between $2,237 and $4,924 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,775 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 29 of all properties in this area. This corresponds to a rent of $912 per month and a monthly household income of $2,603 ($31,236 per year)

Nearby Companies

Zielinski Realty LLC
407 Amelia St
Southernmost Group LLC
1103 Whitehead St
1101 Whitehead LLC
1101 Whitehead St
Anchors Aweigh Club, Inc.
404 Virginia St
Jmb Painting Services Inc
314 Virginia St
315 Catherine Street, LLC
315 Catherine St
Douglas House, Inc.
419 Amelia St
Casebolt Construction LLC
1121 Whitehead
Dolce Events LLC
409 Amelia St
Kw Anchor Point LLC
422 Amelia Street Unit 2
Disclaimers and Disclosures

Public Records Data

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