Real Estate Investing in Key Largo, Florida

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 13,674 • Monroe County

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Should you buy in Key Largo, FL? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (36/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 46.1% of homes vacant — above national norms.

What’s happening in Key Largo, FL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $1,090,811
Avg Monthly Rent $3,233
ZIP Codes 1

Investing in Key Largo Real Estate

With a sizable population across 1 ZIPs, Key Largo shows the kind of thin fundamentals that keep most out-of-state capital on the sidelines.

Across Key Largo's 1 ZIPs, fundamentals run sluggish: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rents in Key Largo at $3,233/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

The 0% renter share in Key Largo masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Key Largo, FL. Anonymous, moderated, never written by AI.

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Avg Home Value
$1,090,811
Avg Monthly Rent
$3,233
1% Rule
✗ Below
Landlord Friendly (FL)

📉 Market Crash Risk Index

Based on Key West, FL metro

5/10
Elevated Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
3/3
89%
Days Pending
2/2
142 days

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❄️ Cool Market — Key West, FL metro
142
Days to pending
5.0%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Key Largo, FL

Screen every ZIP in Key Largo

Filter Key Largo’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Key Largo, FL

Should investors consider Key Largo, FL?

Key Largo, FL records an investability rating of 3.0/5, with median home values near $1.1M and average rents around $3,233/mo. That combination puts it in the durable tier for investor interest.

Are rents high in Key Largo, FL?

Rental rates in Key Largo, FL average $3,233/mo. Tenant demand and $1.1M home values make the yield look reasonable by investor standards.

Do rentals sit vacant long in Key Largo, FL?

Occupancy in Key Largo, FL runs reliable with elevated vacancy. Well-priced units at $3,233/mo lease on reasonable timelines.

Does house hacking make sense in Key Largo, FL?

The a tougher house-hack environment in Key Largo, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

Is Key Largo, FL good for landlords?

Key Largo, FL operates under FL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.

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