1107 Thomas St, Key West
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:
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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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 309 Amelia St | Vacant Residential | 1,200 | L |
 |
| 1105 Thomas St | Single Family | 642 | B |
|
| 308 Virginia St | Vacant Residential | 0 | L | |
| 1103 Thomas St | Single Family | 1,064 | A |
|
| 308 Virginia St | Single Family | 1,916 | B |
|
| 311 Amelia St | Single Family | 2,105 | B |
|
| 302 Amelia St | Single Family | 2,080 | A |
|
| 304 Amelia St | Single Family | 936 | B |
|
| 312 Virginia St | Multi-family - less than 10 units | 1,435 | B |
|
| 306 Amelia St | Single Family | 1,172 | B |
|
| 313 Amelia St | Multi-family - less than 10 units | 1,540 | B |
|
| Thomas St | State Owned | 10,098 | B |
|
| 310 Amelia St | Single Family | 1,540 | B |
|
| 314 Virginia St | Single Family | 1,270 | B |
|
| 315 Amelia St | Single Family | 1,178 | B |
|
| 316 Virginia St | Single Family | 950 | C |
|
| 314 Amelia St | Single Family | 1,069 | C |
|
| 317 Amelia St | Single Family | 600 | B |
|
| 1025 Thomas St | Single Family | 475 | B |
|
| 5 Rear 313 Catherine St | Single Family | 306 | B |
|
| 1125-1127 Thomas St | Multi-family - less than 10 units | 3,017 | A |
|
| 305 Catherine St | Vacant Residential | 0 | L | |
| 307 Catherine St | Single Family | 1,020 | B |
|
| 319 Amelia St | Single Family | 828 | B |
|
| 316 Amelia St | Multi-family - less than 10 units | 1,158 | B |
|
| 250 Amelia St | Government Undefined | 0 | L | |
| 318 Virginia St | Vacant Residential | 0 | L | |
| 307 Virginia St | Multi-family - less than 10 units | 1,872 | C |
|
| 1023 Thomas St | Single Family | 416 | B |
|
| 1024-1026 Thomas St | Mixed use - store and office or store and residential or residential combination | 1,604 | B |
|
| 313 Catherine St | Condominium | 1,953 | L |
|
| 313 Catherine St | Condominium | 642 | L |
|
| 313 Catherine St | Condominium | 642 | L |
|
| 313 Catherine St | Condominium | 644 | L |
|
| 313 Virginia St | Single Family | 600 | C |
|
| 318 Amelia St | Single Family | 948 | B |
|
| 1021 Thomas St | Vacant Commercial | 0 | L | |
| 315 Catherine St | Vacant Residential | 0 | L | |
| 315 Virginia St | Single Family | 846 | B |
|
| 1022 Thomas St | Single Family | 1,040 | B |
|
| 324 Virginia St | Single Family | 1,122 | C |
|
| 317 Virginia St | Vacant Residential | 0 | L | |
| 227 Virginia St | Single Family | 852 | B |
|
| 1019 Thomas St | Single Family | 879 | B |
|
| 322 Amelia St | Vacant Residential | 0 | L | |
| 317 Catherine St | Single Family | 756 | A |
|
| 325 Amelia St | Single Family | 1,046 | B |
|
| 319 Virginia St | Single Family | 1,592 | B |
|
| 1031 Howe St | Single Family | 1,202 | 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 64 of all properties in this area. This suggests it would appeal to someone earning around $79,697 per year who should qualify for a mortgage between $159,394 and $199,243.
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 64 of all properties in this area. This corresponds to a rent of $1,418 per month and a monthly household income of $3,886 ($46,632 per year)
Nearby Companies
1103 Whitehead St
1103 Whitehead St
1101 Whitehead St
330 Julia St
314 Virginia St
315 Catherine St
315 Catherine St
419 Amelia St
1121 Whitehead
409 Amelia St
226 Julia St
1016 Howe St
1016 Howe St