Housing in Key Biscayne, FL is quite expensive compared to the US median value. The median value of a house in Key Biscayne is $1,520,300 while the US median value is just $338,100. Over the past year the appreciation rate of housing in Key Biscayne has been much higher than the national average with an increase of 22.93% versus 8.27% nationally. This indicates that housing in Key Biscayne will continue be a valuable asset for years to come.
The median home cost in Key Biscayne is $1,520,300. Home appreciation the last 10 years has been 179.0%. Home Appreciation in Key Biscayne is up 25.1%.
Average Age of Homes
- The median age of Key Biscayne real estate is 38 years old
The Rental Market in Key Biscayne
- Renters make up 14.8% of the Key Biscayne population
- 4.1% of houses and apartments in Key Biscayne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.