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 
2508 Seidenberg Ave Single Family 1,092 B
2504 Seidenberg Ave Single Family 1,519 B
2518 Seidenberg Ave Single Family 1,916 B
2500 Seidenberg Ave Single Family 1,080 B
1313 7th St Single Family 672 B
2509 Staples Ave Single Family 838 B
2513 Staples Ave Multi-family - less than 10 units 1,224 B
2501 Staples Ave Multi-family - less than 10 units 2,614 B
2515 Staples Ave Multi-family - less than 10 units 1,751 B
2509 Seidenberg Ave Single Family 896 B
2520 Seidenberg Ave Single Family 838 B
2515 Seidenberg Ave Single Family 908 B
2505 Seidenberg Ave Single Family 962 B
2501 Seidenberg Ave Single Family 1,652 B
2519 Seidenberg Ave Single Family 984 B
2524 Seidenberg Ave Multi-family - less than 10 units 2,728 B
1400 7th St Single Family 1,025 B
1311 7th St Single Family 600 B
2519 Staples Ave Single Family 2,071 B
2523 Seidenberg Ave Multi-family - less than 10 units 2,095 B
2417 Staples Ave Multi-family - less than 10 units 1,620 B
2527 Seidenberg Ave Single Family 1,574 B
2424 Seidenberg Ave Single Family 1,484 B
2510 Harris Ave Single Family 868 B
2510 Staples Ave Single Family 862 B
2512 Harris Ave Multi-family - less than 10 units 975 B
2504 Staples Ave Single Family 2,452 B
2502 Harris Ave Multi-family - less than 10 units 1,428 B
2514 Staples Ave Multi-family - less than 10 units 2,174 B
2431 Seidenberg Ave Multi-family - less than 10 units 2,841 B
2413 And 2415 Staples Ave Multi-family - less than 10 units 1,620 B
2516 Harris Ave Multi-family - less than 10 units 2,160 B
2500 Staples Ave Single Family 2,414 B
2500 Harris Ave Single Family 712 B
2518 Staples Ave Single Family 2,342 B
2418 Seidenberg Ave Single Family 1,640 B
2518 Harris Ave Single Family 1,456 B
2522 Staples Ave Single Family 1,370 B
2603 Staples Ave Single Family 1,680 B
2604 Seidenberg Ave Single Family 2,032 B
1420 7th St Single Family 1,683 B
2520 Harris Ave Multi-family - less than 10 units 2,808 B
2530 Staples Ave Single Family 2,016 B
2417 Seidenberg Ave Single Family 810 B
2430 Harris Ave Single Family 1,749 B
2409 Staples Ave Multi-family - less than 10 units 3,084 B
2416 Seidenberg Ave Single Family 1,183 B
1313 8th St Single Family 1,168 B
2422 Staples Ave Single Family 924 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 74 of all properties in this area. This suggests it would appeal to someone earning around $100,754 per year who should qualify for a mortgage between $201,508 and $251,885.

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 74 of all properties in this area. This corresponds to a rent of $1,633 per month and a monthly household income of $4,467 ($53,604 per year)

Nearby Companies

Keela-Wee LLC
2518 Harris Ave
Exor Services LLC
2502 Harris Ave
Monroe Graham & Associates, LLC
2515 Seidenberg Ave
Cocotte O'Clock LLC
2505 Seidenberg Ave
Tangotech Intnl LLC
2505 Seidenberg Ave
Icehopp LLC
2505 Seidenberg Ave
Keys Steammaster Inc
2518 Seidenberg Ave
Lobo'S, Inc.
2527 Seidenberg Ave
Livewire Productions LLC
2609 Staples Ave
The Gathering Tree Inc
2609 Staples Ave
Mike Petro LLC
2614 Seidenberg Ave
Floradora Properties LLC
2501 Harris Ave
Marsh Development, Inc.
2501 Staples Ave
Pirate Aire Aviation LLC
2501 Staples Ave
Bi-State Realty, LLC
2501 Staples Ave
Cajun Key West Realty LLC
2501 Staples Ave
Piper Key West Realty LLC
2501 Staples Ave
C&D Boats09 LLC
1512 7th Ter
Joseph E. O'Lear, M.D., Pllc
2505 Flagler Ave
Bloodlnk LLC
2505 Flagler Ave
Physicians Imaging, LLC
2505 Flagler Ave
Paradise Cleaning LLC
2525 Flagler Ave
Disclaimers and Disclosures

Public Records Data

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