1025 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 | |
|---|---|---|---|---|
| 1023 Thomas St | Single Family | 416 | B |
 |
| 1021 Thomas St | Vacant Commercial | 0 | L | |
| 307 Virginia St | Multi-family - less than 10 units | 1,872 | C |
|
| 1019 Thomas St | Single Family | 879 | B |
|
| 1103 Thomas St | Single Family | 1,064 | A |
|
| 313 Virginia St | Single Family | 600 | C |
|
| 304 Julia St | Single Family | 1,832 | B |
|
| 308 Virginia St | Single Family | 1,916 | B |
|
| 1022 Thomas St | Single Family | 1,040 | B |
|
| 1024-1026 Thomas St | Mixed use - store and office or store and residential or residential combination | 1,604 | B |
|
| 1017 Thomas St | Single Family | 832 | B |
|
| 304 1/2 Julia St | Vacant Residential | 0 | L | |
| 1020 Thomas St | Multi-family - less than 10 units | 560 | C |
|
| 1105 Thomas St | Single Family | 642 | B |
|
| 315 Virginia St | Single Family | 846 | B |
|
| 306 Julia St | Single Family | 888 | B |
|
| 312 Virginia St | Multi-family - less than 10 units | 1,435 | B |
|
| 308 Virginia St | Vacant Residential | 0 | L | |
| 317 Virginia St | Vacant Residential | 0 | L | |
| 1018 Thomas St | Single Family | 1,500 | B |
|
| 308 Julia St | Single Family | 555 | B |
|
| 1031 Howe St | Single Family | 1,202 | B |
|
| 314 Virginia St | Single Family | 1,270 | B |
|
| 227 Virginia St | Single Family | 852 | B |
|
| 1107 Thomas St | Single Family | 1,138 | B |
|
| 319 Virginia St | Single Family | 1,592 | B |
|
| 314 Julia St | Multi-family - less than 10 units | 1,302 | C |
|
| 1015 Thomas St | Municipal Owned | 2,030 | B |
|
| 1027 Howe St | Multi-family - less than 10 units | 1,374 | B |
|
| 316 Virginia St | Single Family | 950 | C |
|
| 309 Amelia St | Vacant Residential | 1,200 | L |
|
| Thomas St | State Owned | 10,098 | B |
|
| 316 Julia St | Vacant Residential | 0 | L | |
| 311 Amelia St | Single Family | 2,105 | B |
|
| 1014 Thomas St | Single Family | 1,350 | B |
|
| 303 Julia St | Municipal Owned | 3,066 | B |
|
| 318 Virginia St | Vacant Residential | 0 | L | |
| 1009 Thomas St | Single Family | 639 | C |
|
| 309 1/2 Julia St | Municipal Owned | 1,261 | B |
|
| 313 Amelia St | Multi-family - less than 10 units | 1,540 | B |
|
| 318 Julia St | Multi-family - less than 10 units | 1,143 | C |
|
| 227 Julia St | Single Family | 824 | B |
|
| 323 Virginia St | Single Family | 3,156 | B |
|
| 309 Julia St | Municipal Owned | 0 | L | |
| 315 Amelia St | Single Family | 1,178 | B |
|
| 1015 Howe St | Single Family | 750 | B |
|
| 1026 Howe St | Single Family | 660 | B |
|
| 1006 Thomas St | Church | 2,760 | B |
|
| 319 Julia St | Multi-family - less than 10 units | 1,181 | 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 36 of all properties in this area. This suggests it would appeal to someone earning around $43,045 per year who should qualify for a mortgage between $86,090 and $107,613.
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 36 of all properties in this area. This corresponds to a rent of $1,018 per month and a monthly household income of $2,818 ($33,816 per year)
Nearby Companies
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