Housing in Key Biscayne, FL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$1,300,000

Median List Price

$2,925,000

Price Per Sq Ft

$933

Days on Market

210

Active Inventory

131

Months of Supply

6.9

Buyer's market

Zillow Home Value

$1,619,714

ZHVI — January 2026

Zillow Rent Index

$7,188

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price 6.7%List Price 70.2%Mar 24Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

7.7%

Sale-to-List Ratio

94.2%

Buyer's market

Sold Above Asking
0.0%
Under Contract in 2 Wks
7.7%
Listings with Price Drops
13.7%

Market Activity

Source: Redfin

Homes Sold

19

New Listings

26

Pending Sales

26

Homes Sold 26.9%New Listings 23.5%Pending 16.1%Mar 24Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$933

Median List $/SF

$1,221

Sale $/SF 7.5%List $/SF 9.0%Mar 24Jan 26

Key Biscayne vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Key Biscayne is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$1,238,700

Median Rent

$3,501

Total Housing Units

7,496

Vacancy Rate

33.5%

Owner Occupied

69.3%

Renter Occupied

30.7%

Median Property Tax

$10,001

per year

Monthly Cost (w/ Mortgage)

$3,498

Housing Types

Single Family
21.8%
Multi-Family
78.1%
Mobile Home
0.2%

The current median sale price in Key Biscayne, FL is $1,300,000 according to Redfin data. Homes spend a median of 210 days on the market. 0.0% of homes sold above asking price. The market has 6.9 months of supply. The median price per square foot is $933. Zillow's observed rent index is $7,188/month. About 69.3% of housing units are owner-occupied. The median year homes were built is 1978. There are 7,496 total housing units.