Home Values

Monroe County 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

$478,100

  • 9.2% 1-year change
  • None 1-year forecast

The median home value in Monroe County is $478,100. Monroe County home values have gone up 9.2% over the past year. The median list price per square foot in Monroe County is None.

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 13.4%, which is higher than the national value of 6.0%. 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 10.0%.

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Relative ZHVI
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Monroe County Market Overview

Data through May 31, 2015
  • $478,100 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $469,175 Median sale price (Apr 30, 2015)
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Monroe County Market Health

Data through May 31, 2015
  • No recent data Healthy
  • 150 Average days on Zillow (Apr 30, 2015)
  • 10.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 13.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Cities in Monroe County

Name Median ZHVI
Islamorada $602,500
Summerland Key $472,100
Key Largo $434,900
Name Median ZHVI
Key Colony Beach $420,000
Ramrod Key $393,400
Big Coppitt Key $382,100
Name Median ZHVI
Tavernier $360,300
Marathon $344,800
Big Pine Key $324,900

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $351 Median sale price / sq ft
  • No data Listings with price cut
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Monroe County Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $3,342 Monroe County
    $3,342 Key West Metro
    $1,367 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
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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