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 
906 Terry Ln Single Family 1,032 B
312 - 314 Olivia St Church 2,228 B
308 Olivia St Single Family 672 B
908-1 Terry Ln Single Family 1,400 B
908-2 Terry Ln Single Family 1,400 B
907 Thomas St Church 1,249 C
913 Thomas St Vacant Residential 0 L
306 Olivia St Condominium 557 L
903 Thomas St Condominium 858 L
901 Thomas St Condominium 788 L
916 Terry Ln Single Family 1,130 B
911 Thomas St Multi-family - less than 10 units 3,532 B
913 Terry Ln Single Family 1,380 B
311 Olivia St Single Family 1,096 B
309 Olivia St Single Family 858 B
313 Olivia St Single Family 820 B
307 Olivia St Single Family 589 B
918 Terry Ln Vacant Residential 0 L
902-912 Whitehead St Hotel or motel 14,590 A
831 Thomas St Multi-family - less than 10 units 3,840 B
920 Terry Ln Single Family 1,807 B
823 Thomas St Single Family 1,244 B
919 Thomas St Condominium 1,125 L
921 Thomas St Condominium 398 L
921 Thomas St Condominium 938 L
921 Thomas St Condominium 551 L
818 Terry Ln Single Family 828 B
824 Terry Ln Single Family 747 B
826 Terry Ln Single Family 753 B
822 Terry Ln Single Family 765 B
820 Terry Ln Single Family 598 B
900 Thomas St Single Family 700 B
Whitehead St State Owned 10,098 B
821 Thomas St Single Family 1,188 C
828 Thomas St Single Family 1,254 B
228 Olivia St Single Family 612 B
938 Whitehead St County Owned 2,921 A
311 Truman Ave Single Family 988 B
313 Truman Ave Single Family 1,218 B
307 Truman Ave Single Family 980 B
904 Thomas St Single Family 1,196 B
906 Thomas St Multi-family - less than 10 units 1,000 C
908 Thomas St Single Family 1,360 B
823 Terry Ln Multi-family - less than 10 units 1,178 B
910 Thomas St Single Family 1,350 B
927 Thomas St Multi-family - less than 10 units 3,340 B
226 Olivia St Single Family 792 B
816 Terry Ln Multi-family - less than 10 units 1,906 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.

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%.

Nearby Companies

Anchor Towing, LLC
189 Us Highway 1
Whitehead & Company, LLC
907 Whitehead St
414 Olivia Street LLC
907 Whitehead St
907 Whitehead Street Corp.
907 Whitehead St
Kw2 LLC
300 Petronia St
Moondog Cafe, LLC
823 Whitehead St
Blue-Turtle Gallery LLC
218 Olivia St
Blue Petronia LLC
218 Olivia St
Blue Olivia, LLC
218 Olivia St
Kalypso Studios L.L.C.
217 Olivia St
Zerlina'S Place LLC
906 Thomas St
Lcm Thomas, LLC
903 Thomas St
Thomas St. Hoa, Inc.
916 Thomas St
307 Truman Avenue, LLC
307 Truman Ave
Disclaimers and Disclosures

Public Records Data

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