605 Love Ln, 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 | |
|---|---|---|---|---|
| 716 Southard St | Single Family | 752 | B |
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| 718 Southard St | Single Family | 860 | B |
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| 714 Southard St | Multi-family - less than 10 units | 1,577 | B |
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| 720 Southard St | Church | 3,625 | B |
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| 715 Bakers Ln | Single Family | 1,076 | B |
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| 712 Southard St | Single Family | 1,026 | B |
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| 711 Bakers Ln | Single Family | 1,181 | B |
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| 726 Southard St | Single Family | 960 | B |
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| 708 Southard St | Single Family | 936 | B |
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| 708 Southard St | Single Family | 1,671 | B |
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| 709 Bakers Ln | Single Family | 2,460 | B |
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| 612 William St | Single Family | 2,531 | B |
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| 730 Southard St | Single Family | 3,828 | B |
|
| 718 Bakers Ln | Single Family | 1,294 | B |
|
| 717 Southard St | Single Family | 1,860 | B |
|
| 607 Elizabeth St | Single Family | 1,400 | B |
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| 714 Bakers Ln | Single Family | 868 | B |
|
| 603 Elizabeth St | Multi-family - less than 10 units | 966 | C |
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| 710 Bakers Ln | Single Family | 1,056 | C |
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| 618 William St | Single Family | 1,268 | B |
|
| 609 Elizabeth St | Single Family | 1,616 | B |
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| 721 Southard St | Multi-family - less than 10 units | 1,821 | B |
|
| 615 Elizabeth St | Single Family | 2,362 | B |
|
| 719 Bakers Ln | Single Family | 900 | C |
|
| Vacant Elizabeth St | Vacant Residential | 0 | L | |
| 713 Southard St | Single Family | 1,735 | C |
|
| 723 Southard St | Single Family | 1,100 | B |
|
| 700 Bakers Ln | Single Family | 684 | B |
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| 530 William St | Multi-family - less than 10 units | 2,696 | B |
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| 737 Love Ln | Single Family | 893 | B |
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| 620 William St | Single Family | 628 | B |
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| 711 Southard St | Single Family | 1,514 | B |
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| 707 Southard St | Single Family | 606 | B |
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| 608 William St | Single Family | 753 | B |
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| 619 Elizabeth St | Single Family | 1,912 | B |
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| 622 William St | Single Family | 1,072 | B |
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| 528 William St | Single Family | 2,618 | B |
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| 701 Southard St | Multi-family - less than 10 units | 2,036 | B |
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| 733 Love Ln | Single Family | 1,991 | B |
|
| 626 William St | Single Family | 3,536 | B |
|
| 621 Elizabeth St | Multi-family - less than 10 units | 1,254 | B |
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| 607 William St | Single Family | 960 | B |
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| 725 Windsor Ln | Single Family | 1,036 | B |
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| 802 Southard St | Multi-family - less than 10 units | 2,251 | B |
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| 732 Love Ln | Multi-family - less than 10 units | 1,869 | B |
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| 611 William St | Multi-family - less than 10 units | 2,632 | B |
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| 709 Windsor Ln | Single Family | 2,075 | B |
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| 613 William St | Single Family | 933 | B |
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| 623 Elizabeth St | Single Family | 756 | 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
811 Southard St
628 Elizabeth St
727 Windsor Ln
620 Elizabeth St
630 Elizabeth St
615 Elizabeth St
647 William
643 William St
718 Bakers Ln
618 William St
611 William St
717 Southard St
722 Elizabeth St
722 Elizabeth St
4010 Estepona Ave
619 Angela St
719-721 Windsor Ln
717 Love Ln
724 Love Ln
733 Love Ln
516 William St
516 William St
516 William St
516 William St
516 William St
508 William St
526 William St
528 William St
527 William St
527 William St
620 Southard St
620 Southard St
631 Southard St
631 Southard St
531 Elizabeth St