House Prices

House Prices & Home Values Key West, FL 2026


Average Data

average house price$1,211,494
average size per house1635 ft²
average price per ft²742 $ / ft²

06/13/2026 - The value range (VR) for house prices in Key West, FL is $722/ sqft to $722/ sqft. An average home with 1635 sqft costs approximately $1,180,470 to $1,180,470. Key West, FL includes 1 ZIP codes and it is located in Monroe county. The lowest prices are found in ZIP 33040, while the highest are in ZIP 33040. The average price per sqare feet is $742. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Key West

33040769 $ / ft²




Historical development of home values in Key West

Year Estimated value (USD) Change vs. 2025
2010 $562,640 -53.6%
2011 $540,882 -55.4%
2012 $539,426 -55.5%
2013 $559,588 -53.8%
2014 $587,414 -51.5%
2015 $617,562 -49.0%
2016 $649,790 -46.4%
2017 $684,862 -43.5%
2018 $722,725 -40.3%
2019 $756,237 -37.6%
2020 $795,331 -34.4%
2021 $904,603 -25.3%
2022 $1,054,564 -13.0%
2023 $1,112,086 -8.2%
2024 $1,176,422 -2.9%
2025 $1,211,494 0.0%

Graph: estimated home values in Key West over time (USD)



Example: 100% financing house in Key West

Loan amount: $1,211,494

Interest rate: 6.00%

Fixed monthly payment: $7,263.52

Breakdown in the 1st month:
Interest portion: $6,057.47  –  Principal portion: $1,206.05

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $72,284.94 $14,877.29 $1,196,616.71
2 $71,367.34 $15,794.89 $1,180,821.82
3 $70,393.14 $16,769.08 $1,164,052.74
4 $69,358.86 $17,803.36 $1,146,249.38
5 $68,260.79 $18,901.43 $1,127,347.95
6 $67,094.99 $20,067.23 $1,107,280.72
7 $65,857.29 $21,304.94 $1,085,975.78
8 $64,543.25 $22,618.98 $1,063,356.80
9 $63,148.16 $24,014.07 $1,039,342.74
10 $61,667.02 $25,495.20 $1,013,847.54
11 $60,094.53 $27,067.69 $986,779.85
12 $58,425.06 $28,737.17 $958,042.68
13 $56,652.61 $30,509.61 $927,533.07
14 $54,770.85 $32,391.38 $895,141.69
15 $52,773.02 $34,389.21 $860,752.49
16 $50,651.97 $36,510.26 $824,242.23
17 $48,400.09 $38,762.13 $785,480.10
18 $46,009.33 $41,152.89 $744,327.21
19 $43,471.11 $43,691.11 $700,636.09
20 $40,776.34 $46,385.89 $654,250.21
21 $37,915.36 $49,246.87 $605,003.34
22 $34,877.92 $52,284.30 $552,719.04
23 $31,653.14 $55,509.09 $497,209.95
24 $28,229.46 $58,932.77 $438,277.18
25 $24,594.61 $62,567.61 $375,709.57
26 $20,735.58 $66,426.64 $309,282.93
27 $16,638.53 $70,523.69 $238,759.24
28 $12,288.78 $74,873.44 $163,885.80
29 $7,670.75 $79,491.47 $84,394.33
30 $2,767.89 $84,394.33 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Key West, FL


1500 sqft3900 sqft
Ø selling price$1,346,730$2,864,862
Ø fast selling$1,224,300$2,578,376
Ø high price sale$1,469,161$3,151,349

In 2026, houses in Key West, FL will be offered at an average price of $742 per square foot. A 1,500 sqft home priced at $1,346,730 is 24.49% more expensive per square foot than a 3,900 sqft home priced at $2,864,862. Home prices in Key West, FL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $1,983,367. Sellers who can wait longer may achieve a higher price of up to $2,424,114.


Key West, FL Travel Guide

Overview

Discover Key West, FL, a tropical island city at the end of the Florida Keys known for pastel conch houses and laid-back vibes.
This SEO-friendly travel guide highlights the best things to do, where to eat, and how to plan a perfect Key West vacation.

Top Attractions

Stroll Duval Street for galleries, bars, and historic sights, then tour the Ernest Hemingway Home and Museum to meet the famous six-toed cats.
Gather at Mallory Square for the nightly Sunset Celebration and snap a photo at the colorful Southernmost Point buoy.

Outdoor Adventures

Sunseekers love Fort Zachary Taylor State Park and Smathers Beach for swimming and picnics.
Book snorkeling or sailing trips to nearby coral reefs in the Florida Keys National Marine Sanctuary for clear water, tropical fish, and unforgettable views.

Food & Nightlife

Seafood shines at waterfront restaurants serving fresh grouper, pink shrimp, and conch fritters, followed by a slice of authentic Key lime pie.
After dark, live music venues and cocktail bars keep the island?s nightlife buzzing along Duval Street and in hidden courtyards.

Planning Tips

Choose from boutique hotels, B&Bs, and vacation rentals near Old Town to stay within walking distance of top attractions.
For smooth travels, arrive via Key West International Airport or the scenic Overseas Highway, and explore by bike, trolley, or on foot.



FAQ – Home Values in Key West

What is the median home value in Key West in 2026?

In 2026, the typical home value in Key West is about $1,211,494 for an average home size of 1635 square feet. This corresponds to an average price of roughly $742 per square foot.

What is the average cost per square foot in Key West?

In 2026, homes in Key West sell for an average of around $742 per square foot, with a typical range between $722 and $722 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Key West is about 1635 square feet, with an estimated 2026 value around $1,211,494.



Locations close to Key West, FL

Summerland Key, FL538 $ / ft²
Big Pine Key, FL596 $ / ft²
Marathon, FL471 $ / ft²
Key Largo, FL320 $ / ft²
Islamorada, FL830 $ / ft²
Homestead, FL203 $ / ft²
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