Home Values

Key Largo Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$479,600

  • 12.6% 1-year change
  • None 1-year forecast

The median home value in Key Largo is $479,600. Key Largo home values have gone up 12.6% over the past year. The median list price per square foot in Key Largo is $441, which is higher than the Key West Metro average of $414. The median price of homes currently listed in Key Largo is $695,000 while the median price of homes that sold is $505,625.

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 Key Largo is 11.4%, which is higher than the national value of 6.4%. 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 Key Largo homeowners underwater on their mortgage is 11.9%.

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Relative ZHVI
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Key Largo Market Overview

Data through Jan 31, 2015
  • $479,600 ZHVI
  • No data 1-yr forecast
  • $695,000 Median listing price
  • $505,625 Median sale price (Dec 31, 2014)
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Key Largo Market Health

Data through Jan 31, 2015
  • 6.3/10 Healthy
    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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 11.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Islamorada $622,700
Tavernier $390,300
Cutler Bay $214,700
Name Median ZHVI
Goulds $157,800
Princeton $155,900
Naranja $139,900
Name Median ZHVI
Homestead $126,900
Leisure City $113,600
Florida City $94,700

Listings & Sales

Data through Jan 31, 2015
  • $441 Median list price / sq ft
  • $370 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
21.4%
Sold below listing
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Key Largo Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,887 Key Largo
    $2,915 Key West Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $2.02 Rent list price / sq ft
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