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Florida Housing Data · ZIP Scorecard

Key Largo, FL (33037) housing scorecard.

Home value, rent, cap rate, 5-year growth, price versus incomes and our 0 to 100 Momentum Market Score for ZIP 33037, free, from Zillow, Realtor.com and Census data.

Sources: Zillow, Realtor.com, U.S. Census, Freddie Mac/FRED. Score by Momentum Realty (methodology).
Updated 2026-08-22
14/ 100
Momentum Market Score
Frothy
Key Largo, FL (33037) is expensive against incomes and tight for buyers.

The typical home costs about 13.48 times the local median income, about 170.2% richer than the Florida norm, so value is stretched here. Gross rent yield is around 3.56%. Values are up roughly 6.1% a year over the last five years. Owning the typical home at today's 6.65% 30-year rate takes about 83.1% of a median income in principal and interest, the affordability squeeze in one number. About 21.5% of listings have cut their price.

$1,090,811
Home value
1yr +2.7%
6.1%
5yr growth/yr
ZHVI CAGR
$3,233
Median rent
monthly (ZORI)
3.56%
Cap rate
gross yield
13.48x
Price to income
value vs incomes
+170.2%
Over/undervalued
vs FL norm
83.1%
Affordability
income to own/yr
99
Days on market
median (Realtor)
21.5%
Price cuts
share of listings
$80,911
Median income
household (Census)
13,674
Population
Census ACS
28
New listings
last month

Typical home value, last 13 months

What drives the score

Cheapness vs income1
Price-cut leverage27
Inventory growth41
Affordability1
Rent yield2

Each bar ranks this ZIP against every other Florida ZIP (0 = lowest, 100 = highest) on that input, then weighted into the score. Full methodology.

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Common questions

Is Key Largo, FL (33037) a buyer's or seller's market?

By the Momentum Market Score, Key Largo, FL (33037) reads frothy (14 out of 100), meaning it is expensive against incomes and tight for buyers. The score blends value versus incomes, price cuts, inventory growth, affordability and rent yield.

What is the typical home value in Key Largo?

About $1,090,811 (Zillow Home Value Index, 2026-08-22), up roughly 6.1% a year over five years.

Where does this data come from?

Zillow Research (home value, rent), Realtor.com (days on market, listings), U.S. Census (income, population), Freddie Mac via FRED (rate). Score and derived metrics by Momentum Realty, methodology here.

Data: Zillow Research, Realtor.com, U.S. Census Bureau ACS, and Freddie Mac 30-Year Fixed Rate Mortgage Average [MORTGAGE30US] via FRED. Score by Momentum Realty.

Housing distress & ownership in ZIP 33037

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 237 listings
Months of supply
9.1
buyer’s market · active inventory ÷ sales pace (trailing 12 mo)
Actives with a price cut
45.3%
median cut 6.1% off original price · 107 of 236 active listings
Out-of-state owners
15.6%
mailing address outside FL
Non-homestead
79.4%
not owner-occupied (investor/2nd-home proxy)
Median just value
$525,052
16,698 parcels
Median closed sale price — $814,500 · ▼ 3.2% yr (12-mo rolling)
Distress share trend — 0.0% now (2026-08-10 → 2026-08-23)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.

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