708 Chapman 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 | |
|---|---|---|---|---|
| 706 Chapman Ln | Single Family | 600 | B |
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| 710 Chapman Ln | Single Family | 1,100 | B |
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| 704 Chapman Ln | Single Family | 1,180 | B |
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| 712 Chapman Ln | Single Family | 1,208 | B |
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| 709 Emma St | Single Family | 416 | B |
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| 714 Chapman Ln | Single Family | 940 | A |
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| 709 Emma St | Single Family | 416 | B |
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| 210 Angela St | Single Family | 760 | B |
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| 208 Angela St | Single Family | 924 | B |
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| 212 Angela St | Single Family | 1,160 | B |
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| 716 Chapman Ln | Single Family | 700 | B |
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| 713-3 Emma St | Condominium | 1,156 | L |
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| 713-1 Emma St | Condominium | 1,156 | L |
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| 713-2 Emma St | Condominium | 1,156 | L |
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| 709 Emma St | Single Family | 416 | B |
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| 709 Chapman Ln | Single Family | 1,112 | B |
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| 709 Emma St | Single Family | 416 | B |
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| 711 Chapman Ln | Single Family | 1,196 | C |
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| 202 Angela St | Multi-family - less than 10 units | 2,418 | B |
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| 705 Chapman Ln | Single Family | 1,231 | B |
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| 713 Chapman Ln | Single Family | 1,860 | B |
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| 718 Chapman Ln | Single Family | 804 | C |
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| 717 Emma St | Multi-family - less than 10 units | 3,264 | A |
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| 715 Chapman Ln | Single Family | 860 | B |
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| 220 Angela St | Multi-family - less than 10 units | 2,342 | B |
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| 717 Chapman Ln | Single Family | 840 | B |
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| 724 Chapman Ln | Multi-family - less than 10 units | 952 | B |
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| 719 Chapman Ln | Single Family | 2,108 | B |
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| 725 Emma St | Single Family | 645 | B |
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| 226 Angela St | Single Family | 936 | B |
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| 721 Chapman Ln | Single Family | 1,900 | B |
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| 727 Emma St | Single Family | 640 | B |
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| 228 Angela St | Single Family | 887 | B |
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| 725 Chapman Ln | Single Family | 1,046 | B |
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| 716 Thomas St | Single Family | 1,344 | B |
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| 708 Emma St | Multi-family - less than 10 units | 4,032 | B |
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| 213 Petronia St | Municipal Owned | 630 | B |
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| 211 Petronia St | Municipal Owned | 0 | L | |
| 714 Emma St | Multi-family - less than 10 units | 1,773 | B |
|
| 714 Thomas St | Hotel or motel | 3,028 | B |
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| 718 Thomas St | Multi-family - less than 10 units | 855 | B |
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| 120 Angela St | Condominium | 852 | L |
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| 120 Angela St | Condominium | 852 | L |
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| 120 Angela St | Condominium | 852 | L |
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| 120 Angela St | Condominium | 852 | L |
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| 207 Petronia St | Mixed use - store and office or store and residential or residential combination | 3,600 | B |
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| 720 Thomas St | Single Family | 1,923 | B |
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| 221 Petronia St | Single Family | 1,155 | C |
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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 77 of all properties in this area. This suggests it would appeal to someone earning around $106,793 per year who should qualify for a mortgage between $213,586 and $266,983.
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 77 of all properties in this area. This corresponds to a rent of $1,700 per month and a monthly household income of $4,694 ($56,328 per year)
Nearby Companies
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223 Petronia St
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729 Thomas St
729 Thomas St
729 Thomas St
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729 Thomas St
729 Thomas St
729 Thomas St
729 Thomas St
729 Thomas St
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714 Thomas St
714 Thomas St
302 Angela St
302 Angela St
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