Real Estate Investing in Key Colony Beach, Florida (33051)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33051 (Key Colony Beach, FL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 69.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 36.0 — 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 Key Colony Beach, FL (33051)?
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Market Analysis: 33051 Key Colony Beach
The 33051 ZIP in Key Colony Beach, FL is a local-operator market. Outside capital chasing a $866K entry has to pair deep knowledge with the discount.
Stepping back, the numbers look inviting — $866K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33051 is substantial and deserves full respect.
Regionally, 33051 sits on the difficult end of the FL spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The 33051 ZIP's population of 525 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 33051 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Key Colony Beach:
Property Strategy for 33051
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $723,908 | $2,230 | 2.2% | +7.1% | $361,954 |
| 3BR | $1,164,927 | $2,940 | 1.8% | +7.7% | $388,309 |
Market Trends
Home Value History (with trend line)
📊 How Does 33051 Compare?
| Metric | 33051 | Key Colony Beach | Key West, FL | Florida |
|---|---|---|---|---|
| Home Value | $866,385 | $866,385 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 7.4% |
| Avg Rent | $2,007 | $2,007 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
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 33051 (Key Colony Beach, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $866,385 |
| Monthly Rent | $2,007 |
| Price-to-Rent | 36.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (1.8%). 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 33051
Population: 525
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 33051
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
STANLEY SWITLIK ELEMENTARY SCHOOL
MARATHON SCHOOL
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 is the rental occupancy rate in Key Colony Beach, FL?
Occupancy in Key Colony Beach, FL runs consistent with elevated vacancy. Well-priced units at $2,007/mo lease on reasonable timelines.
How strong are rents in Key Colony Beach, FL?
The typical rental in Key Colony Beach, FL commands about $2,007/mo monthly. That rent profile reliable cash flow against the $866K purchase basis.
What is the typical home price in Key Colony Beach, FL?
In Key Colony Beach, FL the median home value sits at $866K. Against the broader FL market, that reads as reasonable for most investors.
Is FL a landlord-friendly state?
The landlord environment in Key Colony Beach, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is real estate in Key Colony Beach, FL a good investment right now?
Key Colony Beach, FL scores 2.0/5 for investability. Home values sit at $866K and rents near $2,007/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 33051 now. You don’t know where it ranks.
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