Foreclosures in Key West, FL

Current Market Conditions in Key West, FL

The real estate market in Key West has seen a steady increase in demand, fueled by the growing popularity of the area among both investors and vacationers. With limited land and a desirable location, property values have experienced significant appreciation, making it a lucrative market for real estate investments.

As a result of the strong demand for short-term rental properties, many investors are capitalizing on the potential for income via platforms like Airbnb. With increasing tourism rates and a limited supply of housing, the rental market remains robust, presenting great opportunities for real estate investors.

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 $2,770.00. 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.