Monroe County Home Prices & Values

$454,000 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

  • 14.8% 1-year change
  • No data 1-year forecast

The median home value in Monroe County is $454,000. Monroe County home values have gone up 14.8% over the past year. The median list price per square foot in Monroe County is $387, which is the same as the Key West Metro average of $387. The median price of homes currently listed in Monroe County is $525,000 while the median price of homes that sold is $405,000.

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 Monroe County is 18.8%, 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 Monroe County homeowners underwater on their mortgage is 15.2%.

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Relative ZHVI
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Monroe County Market Overview

Data through Jul 31, 2014
  • $454,000 ZHVI
  • No data 1-yr forecast
  • $525,000 Median listing price
  • $405,000 Median sale price
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Monroe County Market Health

Data through Jul 31, 2014
  • 4.8/10 Stable 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.

  • 153 Average days on Zillow (Jun 30, 2014)
  • 15.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 18.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Monroe County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Islamorada $637,700 Summerland Key $494,500 Key Largo $458,300
Big Coppitt Key $415,100 Key Colony Beach $413,100 Ramrod Key $412,600
Tavernier $405,700 Marathon $372,000 Big Pine Key $345,700

Listings & Sales

Data through Jul 31, 2014
  • $387 Median list price / sq ft
  • $316 Median sale price / sq ft
  • 22.7% Listings with price cut
24.0%
Sold below listing
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Monroe County 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
$2,842 Monroe County
$2,842 Key West Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • $1.98 Rent list price / sq ft
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