426 Elizabeth 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 | |
|---|---|---|---|---|
| 623 Fleming St | Single Family | 924 | B |
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| 420 Elizabeth St | Single Family | 1,514 | B |
|
| 628 Fleming St | Single Family | 1,100 | B |
|
| 617 Fleming St | Condominium | 887 | L |
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| 617 Fleming St | Condominium | 862 | L |
|
| 617 Fleming St | Condominium | 500 | L |
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| 617 Fleming St | Condominium | 802 | L |
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| 617 Fleming St | Condominium | 518 | L |
|
| 617 Fleming St | Condominium | 600 | L |
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| 617 Fleming St | Condominium | 657 | L |
|
| 617 Fleming St | Condominium | 601 | L |
|
| 617 Fleming St | Condominium | 855 | L |
|
| 701 Fleming St | Single Family | 2,541 | B |
|
| 626 Fleming St | Single Family | 840 | B |
|
| 626b Fleming St | Single Family | 848 | B |
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| 624 Fleming St | Single Family | 840 | B |
|
| 624 Fleming St | Single Family | 890 | B |
|
| 416 Elizabeth St | Single Family | 2,820 | B |
|
| 504 Elizabeth St | Multi-family - less than 10 units | 1,816 | B |
|
| 412 Elizabeth St | Single Family | 2,322 | B |
|
| 703 Fleming St | Single Family | 2,581 | B |
|
| 615 Fleming St | Hotel or motel | 3,159 | B |
|
| 506 Elizabeth St | Single Family | 1,292 | B |
|
| 622 Fleming St | Hotel or motel | 5,777 | A |
|
| 408 Elizabeth St | Single Family | 2,028 | B |
|
| 711 Fleming St | Multi-family - less than 10 units | 1,468 | B |
|
| 614 Fleming St | Single Family | 1,614 | B |
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| 411 Elizabeth St | Single Family | 2,628 | B |
|
| 510 Elizabeth St | Single Family | 3,638 | A |
|
| 613 Fleming St | Multi-family - less than 10 units | 4,572 | B |
|
| 616 Eaton St | Single Family | 2,427 | C |
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| 620 Eaton St | Single Family | 3,873 | B |
|
| 700 Fleming St | Municipal Owned | 15,502 | B |
|
| Walkway Eaton St | Vacant Residential | 0 | L | |
| 417 Elizabeth St | Single Family | 1,464 | B |
|
| 612 Fleming St | Mixed use - store and office or store and residential or residential combination | 2,318 | A |
|
| 715 Fleming St | Single Family | 1,137 | B |
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| 630 Eaton St | Multi-family - less than 10 units | 4,566 | B |
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| 514 Elizabeth St | Single Family | 1,002 | B |
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| 607 Fleming St | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 1,496 | C |
|
| 419 Simonton St | Multi-family - less than 10 units | 2,469 | B |
|
| 617 Free School Alley | Single Family | 0 | A | |
| 516 Elizabeth St | Single Family | 1,495 | B |
|
| 704 Eaton St | Single Family | 1,896 | B |
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| 517 Elizabeth St | Single Family | 2,173 | B |
|
| 421-423 Simonton St | Mixed use - store and office or store and residential or residential combination | 3,718 | C |
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| 708 Eaton St | Single Family | 3,306 | B |
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| 719 Fleming St | Single Family | 1,900 | B |
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| 600 Fleming St | Hotel or motel | 8,653 | 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 92 of all properties in this area. This suggests it would appeal to someone earning around $187,404 per year who should qualify for a mortgage between $374,808 and $468,510.
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 92 of all properties in this area. This corresponds to a rent of $2,217 per month and a monthly household income of $6,188 ($74,256 per year)
Nearby Companies
717 Love Ln
724 Love Ln
622 Fleming St
506 Elizabeth St
615 Fleming St
617 Fleming St
600 Eaton St
600 Eaton St
600 Eaton St
619 Eaton St
627 Eaton St
412 Elizabeth St
619 Eaton St
619 Eaton St
708 Eaton St
724 Eaton St
724 Eaton St
330 Elizabeth St
703 Eaton St
703 Eaton St
525 Simonton St
521 Simonton St
512 Simonton St
631 Southard St
631 Southard St
605 Freeschool Ln
603 Freeschool Ln
531 Elizabeth St
600 Fleming St
531 Fleming St
531 Fleming St
612 Fleming St
612 Fleming St
614 Fleming St
418 Simonton St
601 Fleming St
601 Fleming St
414 Simonton St
611 Eaton St
611 Eaton St
619 Eaton St