Key West, FL home prices
Typical home $962,916 · +1.9% in a year · income needed $260,900
The Key West, FL metro area ranks 15 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.9% in a year and +26.2% over five years. With 20% down at 7.11%, the typical home costs about $6,088 a month including 0.53% property tax (Monroe County rate).
Mortgage on the typical Key West home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $192,583 | $770,332 | $5,182 | $0 | $906 | $6,088 | $260,900 |
| 10% down | $96,292 | $866,624 | $5,830 | $361 | $906 | $7,097 | $304,100 |
| 5% down | $48,146 | $914,770 | $6,154 | $381 | $906 | $7,441 | $318,900 |
| 3.5% down (FHA) | $33,702 | $945,475 | $6,360 | $426 | $906 | $7,692 | $329,700 |
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.
Counties in the Key West area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Monroe County, FL | $962,885 | +1.9% | 0.53% |
What can you afford in Florida on your salary? · Florida home prices · Salaries in Florida
Frequently asked questions
How much is a house in Key West?
The typical home in the Key West, FL metro area is worth $962,916 (Zillow, September 2026).
What salary do you need to buy a house in Key West?
About $260,900 a year for the typical home with 20% down at 7.11%.