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Foreclosures in Key West, FL

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Key West, FL Foreclosures

How much do homes sell for in Key West, FL?
The average home price is currently $1,256,179.
In Key West, FL, how many homes are available?
There are currently 1 active home listings available in Key West.
What’s the average rental cost in Key West, FL?
The average rental price in Key West is $2,834.
What is the most expensive home in Key West?
The most expensive home sold in Key West had a price of $162,210,448.
What is currently the cheapest priced home in Key West, FL?
The cheapest home for sale in Key West is priced at $18,829.

Living in Key West, FL

Key West, Florida, is a picturesque island city known for its stunning sunsets, vibrant nightlife, and rich cultural history. With its tropical climate and beautiful beaches, it offers a perfect blend of relaxation and adventure. Residents can enjoy a variety of outdoor activities from diving in coral reefs to exploring historic sites.

Current Market Conditions in Key West, FL

Currently, Key West's real estate market is competitive, with prices steadily increasing due to the high demand for both vacation homes and permanent residences. The unique charm and amenities of the area continue to attract buyers, resulting in a limited inventory in popular neighborhoods.

Investors are particularly drawn to Key West due to its popularity as a tourist destination, making short-term rental properties a lucrative opportunity. However, potential buyers should be mindful of the regulations surrounding vacation rentals in the area.

Home Value Estimator For Key West, FL

There are currently 12,237 real estate properties in Key West, FL, with a median automated valuation model (AVM) price of $935,115.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Key West, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Key West, FL, is $1,256,179.00, with the most expensive house in Key West, FL, topping out at $162,210,448.00 and the cheapest home in Key West, FL, clocking in at $18,829.00. In other words, there’s something for every potential homebuyer or savvy investor in Key West, FL!

Rent Prices In Key West, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Key West, FL, is on a rollercoaster ride. The average rent price in Key West, FL, is $2,834.00. Indeed, when looking to rent in Key West, FL, you can expect to pay as little as $1,380.00 or as much as $4,620.00, with the average rent median estimated to be $2,780.00. The good news is that finding an affordable and desirable property to rent in Key West, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Key West, FL Foreclosures


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