Monroe County, Florida home prices
Typical home $962,885 · +1.9% in a year · property tax 0.53%
The typical home in Monroe County is worth $962,885, 157% more than the Florida typical home ($375,361). Values changed +1.9% in the past year and +26.3% over five years. Homeowners here pay a median 0.53% of their home's value in property tax each year ($5,093 on the typical home), versus 0.8% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $192,577 | $770,308 | $5,182 | $0 | $906 | $6,088 | $260,900 |
| 10% down | $96,289 | $866,597 | $5,830 | $361 | $906 | $7,097 | $304,100 |
| 5% down | $48,144 | $914,741 | $6,154 | $381 | $906 | $7,441 | $318,900 |
| 3.5% down (FHA) | $33,701 | $945,445 | $6,360 | $426 | $906 | $7,692 | $329,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.53% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Florida · part of the Key West metro area.
Florida counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Walton County | $660,738 | +0.9% | 0.45% |
| Collier County | $552,087 | -1.4% | 0.63% |
| Miami-Dade County | $523,240 | +0.6% | 0.81% |
| Saint Johns County | $492,987 | -0.8% | 0.76% |
| Nassau County | $484,963 | +0.7% | 0.71% |
| Palm Beach County | $475,754 | +2.3% | 0.86% |
| Martin County | $448,233 | +0.7% | 0.77% |
| Broward County | $422,344 | -1.6% | 0.94% |
| Franklin County | $422,234 | -2.5% | 0.63% |
| Manatee County | $408,269 | -2.5% | 0.78% |
Frequently asked questions
What is the average home price in Monroe County, FL?
The typical home value in Monroe County is $962,885 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $260,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 0.53% of home value a year (Census ACS 2024 5-year estimates).