Housing in Key West, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,250,000
Median List Price
$1,495,000
Price Per Sq Ft
$1,050
Days on Market
93
Active Inventory
330
Months of Supply
13.2
Buyer's market
Zillow Home Value
$1,000,283
ZHVI — January 2026
Zillow Rent Index
$3,743
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
4.0%
Off Market in 2 Weeks
31.9%
Sale-to-List Ratio
94.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
25
New Listings
85
Pending Sales
47
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$1,050
Median List $/SF
$1,098
Key West vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Key West 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
$816,300
Median Rent
$2,075
Total Housing Units
14,414
Vacancy Rate
22.4%
Owner Occupied
47.4%
Renter Occupied
52.6%
Median Property Tax
$4,312
per year
Monthly Cost (w/ Mortgage)
$1,793
Housing Types
The current median sale price in Key West, FL is $1,250,000 according to Redfin data. Homes spend a median of 93 days on the market. 4.0% of homes sold above asking price. The market has 13.2 months of supply. The median price per square foot is $1,050. Zillow's observed rent index is $3,743/month. About 47.4% of housing units are owner-occupied. The median year homes were built is 1967. There are 14,414 total housing units.