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 
320 Elizabeth St Single Family 726 B
324 Elizabeth St Single Family 2,023 B
316 Elizabeth St Multi-family - less than 10 units 3,728 B
3 Higgs Ln Single Family 1,696 B
328 Elizabeth St Single Family 1,856 B
7 Higgs Ln Single Family 2,134 B
1 Donkey Milk Alley Single Family 696 B
330 Elizabeth St Multi-family - less than 10 units 2,700 B
310 Elizabeth St Single Family 1,950 A
323 Elizabeth St Church 0 L
327 Elizabeth St Church 1,708 B
306 Elizabeth St Multi-family - less than 10 units 2,631 B
621 Eaton St Multi-family - less than 10 units 2,448 B
315 Elizabeth St Multi-family - less than 10 units 1,190 B
625 Eaton St Single Family 1,547 B
627-629 Eaton St Mixed use - store and office or store and residential or residential combination 3,568 C
329 Elizabeth St Hotel or motel 2,912 B
619 Eaton St Mixed use - store and office or store and residential or residential combination 1,860 B
5 Higgs Ln Single Family 1,325 B
311 Elizabeth St Multi-family - less than 10 units 3,132 B
613 Eaton St Multi-family - less than 10 units 2,832 B
703 Eaton St Condominium 1,003 L
703 Eaton St Condominium 403 L
703 Eaton St Condominium 1,206 L
703 Eaton St Condominium 1,600 L
618 Caroline St Single Family 2,966 B
622 Caroline St Single Family 2,432 B
Vacant Land Vacant Commercial 0 L
307 Elizabeth St Multi-family - less than 10 units 1,552 C
626 Caroline St Single Family 927 B
630 Caroline St Single Family 663 B
320 Peacon Ln Single Family 2,452 B
316 Peacon Ln Single Family 1,800 B
616 Caroline St Condominium 650 L
616 Caroline St Condominium 754 L
616 Caroline St Condominium 980 L
616 Caroline St Condominium 420 L
616 Caroline St Condominium 428 L
616 Caroline St Condominium 525 L
328 Peacon Ln Single Family 1,588 B
709 Eaton St Single Family 2,575 B
314 Peacon Ln Single Family 1,311 B
611 Eaton St Office building, non-professional service building, one story 1,392 A
312 Peacon Ln Multi-family - less than 10 units 1,614 B
702 Caroline St Multi-family - less than 10 units 2,517 C
310 Peacon Ln Single Family 887 B
607 Eaton St Multi-family - less than 10 units 1,080 B
301 Simonton St Federal Owned 24,180 B
630 Eaton St Multi-family - less than 10 units 4,566 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 94 of all properties in this area. This suggests it would appeal to someone earning around $226,900 per year who should qualify for a mortgage between $453,800 and $567,250.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$135,644
$271,288
$406,932
$542,576

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 94 of all properties in this area. This corresponds to a rent of $2,320 per month and a monthly household income of $6,703 ($80,436 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$141
$2,394
$4,646
$6,899
$9,151
$6,703
$2,320

Nearby Companies

Shark Amusements LLC
328 Peacon Ln
328 Peacon Lane, LLC
328 Peacon Ln
Ice Cold Pop Kw LLC
328 Peacon Ln
Mch Yachts, LLC
727 Eaton St
Mch, Florida, Inc.
727 Eaton St
William F Brennan Inc
315 Elizabeth St
Paradise Pilates, Inc.
328 William St
306 Elizabeth, LLC
306 Elizabeth St
626 Caroline, LLC
306 Elizabeth St
Hindu Charters LLC
321 Peacon Ln
Rowan Boatworks LLC
321 Peacon Ln
Rowan Enterprise LLC
321 Peacon Ln
Seaborn Charters LLC
320 William St
Artsmart Books, Inc.
320 William St
Sea Witch Ii, LLC
306 Peacon Ln
Byrdhouse, LLC
306 Peacon Ln
Oakland Park 13, LLC
306 Peacon Ln
The Captain'S Mermaid, Inc.
715 Caroline St
Flyebike Kw Inc
718 Caroline St
Lacrematipiazzo LLC
725 Caroline St
Queer Keys Inc.
600 Eaton St
Puptown Girl LLC
627 Eaton St
717 S. Orleans Ave. LLC
412 Elizabeth St
Kw Nc2jyc LLC
708 Eaton St
Magical Arts And Design LLC
330 Elizabeth St
Westbrook Trace, LLC
703 Eaton St
5 Higgs Lane, LLC
5 Higgs Ln
Bowline Hospitality Ii, LLC
329 Elizabeth St
Key West Room Escape LLC
314 Simonton St
The Angling Company, LLC
333 Simonton St
333 Clothing, LLC
333 Simonton St
607 Eaton Street, LLC
607 Eaton St
Jenco Consulting, LLC
626 Caroline St
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

BESbswy