Key West, FL Metro Area - Investment Guide

Metro Area • 4 Cities • 4 ZIP Codes

Avg Home Value $936,329
Avg Monthly Rent $3,598
Avg Cap Rate 3.07%
Avg Investability 2.8 ★
Cities 4
ZIP Codes 4

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Market Trends

Metro Home Value History

$1.1M$934K$815K$695K$576K$456KFeb 2016Dec 2020Oct 2025

Metro Rent History

$3,733$3,399$3,066$2,732$2,399$2,065Oct 2017Oct 2021Oct 2025
🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
❄️
COOL MARKET
Key West, FL Metro Area
More inventory, negotiating room for buyers
142 days
Average time to sell
Slow
5.0%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions data as of August 29, 2026 — updated weekly

Cities in Key West, FL

Key Colony Beach Florida 1 ZIPs Key Largo Florida 1 ZIPs Key West Florida 1 ZIPs Marathon Florida 1 ZIPs

Top ZIP Codes by Investability

ZIP Code City State Home Value Rent Cap Rate Rating
33040 Key West FL $946,105 $3,703 3.05% 3.0 ★
33050 Marathon FL $823,525 $1,845 1.75% 3.0 ★
33051 Key Colony Beach FL $865,839 $2,007 1.81% 3.0 ★
33037 Key Largo FL $1,092,773 $2,988 2.13% 3.0 ★
33040 Key West FL $965,150 $3,541 2.86% 3.0 ★
33050 Marathon FL $827,857 $2,900 2.73% 3.0 ★
33051 Key Colony Beach FL $872,205 $2,007 1.79% 3.0 ★
33037 Key Largo FL $1,090,811 $3,233 2.31% 3.0 ★
33040 Key West FL $957,004 $3,385 2.76% 3.0 ★
33050 Marathon FL $831,118 $5,766 5.41% 3.0 ★
33037 Key Largo FL $1,058,142 $3,221 2.37% 3.0 ★
33040 Key West FL $945,625 $3,608 2.98% 3.0 ★
33050 Marathon FL $808,465 $1,845 1.78% 3.0 ★
33051 Key Colony Beach FL $847,460 $2,007 1.85% 3.0 ★
33037 Key Largo FL $1,101,465 $2,935 2.08% 3.0 ★
33040 Key West FL $966,279 $3,422 2.76% 3.0 ★
33050 Marathon FL $832,005 $2,900 2.72% 3.0 ★
33051 Key Colony Beach FL $871,522 $2,007 1.80% 3.0 ★
33037 Key Largo FL $1,057,993 $3,713 2.74% 3.0 ★
33040 Key West FL $946,105 $3,703 3.05% 3.0 ★
33050 Marathon FL $823,525 $1,845 1.75% 3.0 ★
33051 Key Colony Beach FL $865,839 $2,007 1.81% 3.0 ★
33037 Key Largo FL $1,096,981 $2,943 2.09% 3.0 ★
33040 Key West FL $968,410 $3,506 2.82% 3.0 ★
33050 Marathon FL $838,215 $2,900 2.70% 3.0 ★
33051 Key Colony Beach FL $873,742 $2,007 1.79% 3.0 ★
33037 Key Largo FL $1,057,993 $3,713 2.74% 3.0 ★
33051 Key Colony Beach FL $866,385 $2,007 1.81% 2.0 ★
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About Key West, FL Real Estate Market

The Key West, FL metropolitan statistical area (MSA) encompasses 4 cities and 4 ZIP codes. The average home value across the metro is $936,329, with an average monthly rent of $3,598. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.