Islamorada Home Prices & Values

$637,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 13.8% 1-year change
  • No data 1-year forecast

The median home value in Islamorada is $637,700. Islamorada home values have gone up 13.8% over the past year. The median list price per square foot in Islamorada is $461, which is higher than the Key West Metro average of $387. The median price of homes currently listed in Islamorada is $835,000 while the median price of homes that sold is $550,000. The median rent price in Islamorada is $1,251.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Islamorada is 18.5%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Islamorada homeowners underwater on their mortgage is 9.0%.

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Relative ZHVI
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Islamorada Market Overview

Data through Jul 31, 2014
  • $637,700 ZHVI
  • No data 1-yr forecast
  • $835,000 Median listing price
  • No recent data Median sale price
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Islamorada Market Health

Data through Jul 31, 2014
  • 3.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 9.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 18.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Key West $504,200 Key Largo $458,300 Key Colony Beach $413,100
Tavernier $405,700 Marathon $372,000 Big Pine Key $345,700
Homestead $116,500    

Listings & Sales

Data through Jul 31, 2014
  • $461 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.1% Listings with price cut
35.8%
Sold below listing
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Islamorada Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,208 Islamorada
$2,842 Key West Metro
$1,318 United States
  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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