Real Estate Investing in Long Key, Florida (33001)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33001 (Long Key, FL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 76.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.4 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Long Key, FL (33001)?
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Market Analysis: 33001 Long Key
Stepping back, ZIP 33001 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $888K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $888K asset, 33001 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within FL, ZIP 33001 trails on several market indicators that neighboring Monroe submarkets outperform. The gap is real and notable enough to shape underwriting.
Resident income in 33001 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 33001 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Long Key:
Property Strategy for 33001
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $786,314 | $2,390 | 2.2% | — | $393,157 |
| 3BR | $966,800 | $3,150 | 2.3% | — | $322,267 |
Market Trends
Home Value History (with trend line)
📊 How Does 33001 Compare?
| Metric | 33001 | Long Key | Florida |
|---|---|---|---|
| Home Value | $887,986 | $887,986 | $374,697 |
| 5-Year CAGR | 5.8% | 5.8% | 7.4% |
| Avg Rent | $2,151 | $2,151 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33001 (Long Key, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $887,986 |
| Monthly Rent | $2,151 |
| Price-to-Rent | 34.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33001
Population: 254
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What is the average home sale price in Long Key, FL?
Expect median prices around $888K in Long Key, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How much is rent in Long Key, FL?
Long Key, FL rentals go for roughly $2,151/mo a month. That puts gross yield in solid territory relative to $888K acquisition costs.
How strong is the working-renter base in Long Key, FL?
The renter base in Long Key, FL is reasonable for the $2,151/mo price point. Screening well and pricing to market typically yields steady tenants.
Should investors consider Long Key, FL?
With a 3.0/5 investability score, Long Key, FL ranks as a solid market for rental property investors. Median prices of $888K and rents of $2,151/mo drive the underlying numbers.
Are eviction rules reasonable in Long Key, FL?
For rental operators, Long Key, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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