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 
1420 6th St Single Family 1,699 B
2324 Seidenberg Ave Single Family 750 B
2323 Staples Ave Single Family 1,414 B
2330 Seidenberg Ave Single Family 1,176 B
2322 Seidenberg Ave Single Family 750 B
2324 Seidenberg Ave Single Family 750 B
2401 Staples Ave Single Family 2,296 B
2322 Seidenberg Ave Single Family 750 B
2315 Staples Ave Single Family 1,644 B
2310 Seidenberg Ave Single Family 640 C
2400 Seidenberg Ave Single Family 1,338 B
2403 Staples Ave Single Family 1,508 B
2313 Staples Ave Single Family 1,736 C
2308 Seidenberg Ave Single Family 640 B
2330 Staples Ave Single Family 693 C
2402 Seidenberg Ave Single Family 1,398 B
2328 Staples Ave Single Family 1,273 B
2306 Seidenberg Ave Single Family 792 B
2405 Staples Ave Multi-family - less than 10 units 882 B
2400 Staples Ave Multi-family - less than 10 units 1,561 B
2318 Staples Ave Multi-family - less than 10 units 1,481 B
2305 Staples Ave Single Family 888 B
2325 Seidenberg Ave Single Family 1,131 B
2306 Seidenberg Ave Single Family 720 B
2331 Seidenberg Ave Multi-family - less than 10 units 5,052 B
1407 6th St Single Family 1,219 B
2311 Seidenberg Ave Single Family 860 B
2404 Seidenberg Ave Single Family 540 B
2314 Staples Ave Multi-family - less than 10 units 1,817 B
2309 Seidenberg Ave Single Family 1,015 B
2304 Seidenberg Ave Single Family 640 B
2407 Staples Ave Multi-family - less than 10 units 1,871 B
2401 Seidenberg Ave Single Family 2,976 B
2303 Staples Ave Multi-family - less than 10 units 1,076 B
2307 Seidenberg Ave Multi-family - less than 10 units 2,602 B
2412 Seidenberg Ave Single Family 730 B
2312 Staples Ave Single Family 1,440 B
1426 6th St Single Family 1,272 B
2405 Seidenberg Ave Mixed use - store and office or store and residential or residential combination 2,006 B
2321 Flagler Ave Single Family 1,144 A
2302 Seidenberg Ave Single Family 640 B
1415 6th St Multi-family - less than 10 units 1,296 B
1405 5th St Single Family 1,074 B
2305 Seidenberg Ave Multi-family - less than 10 units 1,894 B
2317 Flagler Ave Multi-family - less than 10 units 1,246 B
1409 5th St Multi-family - less than 10 units 1,560 B
2406 Staples Ave Single Family 1,957 B
2416 Seidenberg Ave Single Family 1,183 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 44 of all properties in this area. This suggests it would appeal to someone earning around $51,673 per year who should qualify for a mortgage between $103,346 and $129,183.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$29,147
$58,295
$87,442
$116,589
$51,673

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 44 of all properties in this area. This corresponds to a rent of $1,098 per month and a monthly household income of $3,077 ($36,924 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$141
$2,394
$4,646
$6,899
$9,151
$3,077
$1,098

Nearby Companies

Leamard Warren Inc.
2300 Harris Ave
Amp 2320, LLC
2320 Harris Ave
2302 Seidenberg Ave LLC
2302 Seidenberg Ave
Serge Gerass, LLC
2310 Seidenberg Ave
2331 Seidenberg, LLC
2331 Seidenberg Ave
A Tax Defense And Accounting LLC
5415 Fox Valley Trl
Eternal Grace LLC
2310 Staples Ave
Conch Pilots, Inc.
2310 Staples Ave
Hams Lock & Key, Inc.
2315 Staples Ave
Southernmost Contracting LLC
2418 Seidenberg Ave
Southernmost Digital LLC
2418 Seidenberg Ave
Inspect Key West Inc
2404 Staples Ave
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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