Key West, FL has a median house value of $1,015,000, which is significantly higher than the US median house value of $338,100. This difference in average housing values reflects the high demand for living in Key West due to its beautiful beaches and tropical climate. In addition to the high cost of buying a house in Key West, the appreciation rate is also much higher than the national average. In just one year, houses in Key West appreciated by 17.45%, compared to only 8.27% nationally. These figures demonstrate that demand for housing in Key West continues to remain strong and make it an attractive option for potential buyers.
The median home cost in Key West is $1,015,000. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Key West is up 26.6%.
Average Age of Homes
- The median age of Key West real estate is 51 years old
The Rental Market in Key West
- Renters make up 36.4% of the Key West population
- 7.6% of houses and apartments in Key West, 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.