529 Truman Ave, 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 | |
|---|---|---|---|---|
| 926 Simonton St | Restaurant, cafeteria | 2,342 | B |
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| 920 Simonton St | Single Family | 1,380 | C |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 916 Simonton St | Multi-family - less than 10 units | 1,996 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 523 Truman Ave | Store, one story | 3,200 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 844 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 912 Simonton St | Multi-family - less than 10 units | 2,834 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 917 Center St | Single Family | 756 | C |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 601 Truman Ave | Repair service shop (excluding automotive) | 2,150 | B |
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| 921 Center St | Miscellaneous Residential (migrant camp or boarding home.) | 731 | B |
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| 915 Center St | Hotel or motel | 1,043 | B |
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| 919 Simonton St | Parking lot (commercial or patron) or mobile home park | 0 | L | |
| 530 Truman Ave | Community Shopping Center | 18,008 | B |
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| 910 Simonton St | Condominium | 645 | L |
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| 910 Simonton St | Condominium | 528 | L |
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| 910 Simonton St | Condominium | 332 | L |
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| 910 Simonton St | Condominium | 285 | L |
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| 910 Simonton St | Condominium | 289 | L |
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| 910 Simonton St | Condominium | 296 | L |
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| 917 Simonton St | Mixed use - store and office or store and residential or residential combination | 4,698 | B |
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| 1007 Simonton St | Mixed use - store and office or store and residential or residential combination | 6,238 | A |
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| 924 Center St | Mixed use - store and office or store and residential or residential combination | 4,460 | B |
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| 526 Olivia St | Single Family | 1,488 | B |
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| 911 Center St | Single Family | 1,133 | B |
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| 909 Center St | Multi-family - less than 10 units | 1,114 | B |
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| 513 Truman Ave | Mixed use - store and office or store and residential or residential combination | 2,604 | B |
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| 907 Center St | Single Family | 1,026 | B |
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| 920 Center St | Multi-family - less than 10 units | 1,821 | B |
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| 900-904 Simonton St & 528-532 Olivia St | Mixed use - store and office or store and residential or residential combination | 6,198 | B |
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| 1011 Simonton St | Condominium | 1,873 | L |
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| 604 Truman Ave | Condominium | 719 | L |
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| 1009 Simonton St | Professional service building | 258 | L |
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| 1009 Simonton St | Professional service building | 615 | L |
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| 604 Truman Ave | Professional service building | 754 | L |
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| 604 Truman Ave | Professional service building | 370 | L |
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| 1011 Simonton St | Condominium | 1,575 | L |
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| 604 Truman Ave | Professional service building | 417 | L |
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| 1009 Simonton St | Professional service building | 258 | L |
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| 1011 Simonton St | Condominium | 1,178 | L |
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| 1011 Simonton St | Condominium | 1,247 | L |
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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 81 of all properties in this area. This suggests it would appeal to someone earning around $120,099 per year who should qualify for a mortgage between $240,198 and $300,248.
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 81 of all properties in this area. This corresponds to a rent of $1,804 per month and a monthly household income of $4,976 ($59,712 per year)
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