Real Estate Investing in Big Pine Key, Florida (33043)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33043 (Big Pine Key, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 32.7% of homes vacant — above national norms.
What’s happening in Big Pine Key, FL (33043)?
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Market Analysis: 33043 Big Pine Key
ZIP 33043 inside Monroe looks affordable on the surface — median value of $748K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33043 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within FL, ZIP 33043 trails on several market indicators that neighboring Monroe submarkets outperform. The gap is real and robust enough to shape underwriting.
The 33043 ZIP's population of 4,632 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 33043 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Big Pine Key:
Property Strategy for 33043
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $681,044 | $2,510 | 2.7% | +9.2% | $340,522 |
| 3BR | $818,000 | $3,310 | 2.9% | +9.6% | $272,667 |
| 4BR | $961,378 | $3,320 | 2.5% | +10.4% | $240,344 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33043 Compare?
| Metric | 33043 | Big Pine Key | Florida |
|---|---|---|---|
| Home Value | $748,174 | $748,174 | $374,697 |
| 5-Year CAGR | 6.3% | 6.3% | 7.4% |
| Avg Rent | $5,500 | $5,500 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33043 (Big Pine Key, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $748,174 |
| Monthly Rent | $5,500 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (5.7%). 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 33043
Population: 4,632
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
🎓 Schools in 33043
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What are vacancy rates like in Big Pine Key, FL?
Big Pine Key, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
How should investors approach Big Pine Key, FL?
In Big Pine Key, FL the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $748K prices and $5,500/mo rents suits that approach.
What kind of tenants rent in Big Pine Key, FL?
Tenant quality in Big Pine Key, FL ranks as solid. Landlords generally report predictable occupancy at market rents of $5,500/mo.
Can I house hack in Big Pine Key, FL?
Big Pine Key, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $5,500/mo rent level.
How does Big Pine Key, FL rate as a rental market?
Big Pine Key, FL rates 3.0/5 for investability. With median values at $748K and rents near $5,500/mo, the market offers reasonable fundamentals for rental investors.
You know 33043 now. You don’t know where it ranks.
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