2026 Affordability Data
Most Affordable Neighborhoods in Key West - 2026 Data
The median home value in Key West is $725,000, 157% above nat'l avg. Median rent is $1,781/month. With an affordability index of 55, Key West is less affordable than the national baseline of 100. We ranked 0 neighborhoods by affordability to help you find the best value in the Key West, FL area.
Key Takeaways: Affordability in Key West
- 1Key West's median home value is $725,000, 157% above nat'l avg (national: $281,900).
- 2Key West's affordability index is 55 (baseline 100), making it less affordable than the national average.
- 3Median rent in Key West is $1,781/month, 53% above nat'l avg (national: $1,163/month).
Key West Affordability Overview
Median Home Value
$725,000
157% above nat'l avg
Median Rent
$1,781/mo
53% above nat'l avg
Median Income
$60,517
19% below nat'l avg
Affordability Index
55
45% below nat'l avg
Frequently Asked Questions About Affordability in Key West
What is the median home price in Key West, FL?▾
The median home price in Key West is $725,000, which is 157% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Key West affordable compared to the national average?▾
Key West has an affordability index of 55, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Key West, FL?▾
The median monthly rent in Key West is $1,781. This is 53% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Key West?▾
The median household income in Key West is $60,517 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).