Florida Keys (Monroe) median$970,000+4.3%Days on market79−18.0dSale to list92.8%Price cuts20.3%Closed sales167Florida median, all residential$430,386+3.2%As of2026-07Florida Keys (Monroe) median$970,000+4.3%Days on market79−18.0dSale to list92.8%Price cuts20.3%Closed sales167Florida median, all residential$430,386+3.2%As of2026-07
Florida Keys (Monroe) housing market data
Monroe County. Monthly medians of closed residential sales, computed from MLS records licensed by Momentum Realty. Latest complete month: 2026-07.
Median closed price
$970,000
▲ 4.3% vs 2025-07
Median days on market
79
▼ 18 days vs 2025-07
Sale to original list
92.8%
of first asking price
Closed sales
167
in 2026-07
The market in context
These come from outside sources, not from our MLS records. We keep them separate so you can see where an independent series agrees with ours and where it does not.
Median household income
$82,430
ACS 5-year, 2023
Price to income
11.8×
median home ÷ median income
Est. annual property tax
$8,111
8.82 mills, homesteaded
Fair market rent, 2BR
$2,504
HUD FY2026
Zillow ZHVI
$966,261
-0.4% vs our median
Active inventory
1,421
-37% vs 2019
Share of listings with a price cut
2018-03 to 2026-06 · latest 20.3%
Context sources. Median household income: U.S. Census American Community Survey 5-year estimates, 2023 vintage. Property tax: county millage, FY2025-26 adopted, applied to the median closed price less Florida's $50,000 homestead exemption, an estimate for a homesteaded primary residence, not a tax bill, and municipal and special-district millage varies within every county. Fair market rent: HUD, by bedroom count. Zillow Home Value Index: a different methodology from ours. ZHVI estimates the value of the typical home, while our figure is the median of homes that actually closed, so the two will not match and the gap is shown rather than hidden. Inventory and price-cut share: county series, June 2026 vintage. Multi-county markets weight each county by its closed-sale count.
Homes for sale and homes going under contract
Both lines are counted from Redfin's county file: active listings, and pending sales, contracts signed that month. Neither is an estimate of buyers. The chart's source line carries the latest month in the file. These figures are Redfin's, not computed from our MLS feeds.
In 2026-07, 1,390 homes were listed for sale across the Florida Keys and 176 went under contract. A year earlier the counts were 1,472 and 170, so homes for sale are down 5.6% and contracts are up 3.5% over twelve months. Fewer homes and more contracts is the shape of a market tightening toward sellers.
Florida Keys, homes for sale and going under contract, monthly since 2012
Homes for sale, active listingsGoing under contract, pending sales
What renters are asked to pay
Typical ASKED rent for units listed on Zillow (Zillow Observed Rent Index), by county, monthly. Asking rent is what new listings seek, not what sitting tenants pay; renewals are invisible to it. These figures are Zillow's, not computed from our MLS feeds.
Monroe asks $3,489, +2.8% in a year and 53% above 2019 levels. Asking rent describes new listings, not renewals, so a flat or falling line here reaches sitting tenants slowly and shows up first in concessions on new leases.
Florida Keys, typical asked rent (ZORI), monthly since 2015
Zillow's Observed Rent Index for July, county by county across the nineteen markets we cover. Typical asked rent runs from $1,593 in Marion County to $3,489 in the Keys, and the year-over-year column splits the state in two.
Method. Monthly medians of closed residential sales for Monroe County. The partial current month is excluded rather than plotted short. County-months with fewer than 25 closed sales are dropped. Multi-county figures are an n-weighted average of county medians, which approximates a pooled median but is not one. Data may be preliminary and subject to revision by its source. See our editorial standards and corrections policy.
