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Key West Facts

here were 12,221 housing units in Key West in 1990. This is an increase of 1,355 units since 1980. Of the total dwellings, 39 percent were single family detached residences, 54 percent were multi-family units, 4 percent were mobile homes, and 3 percent were boats, tents, etc. Not included in the 1990 Census figures are the 4,345 hotel, motel, guest boarding house rooms, and campground sites and cottages in the City.

About 85 percent of all dwellings were occupied year-around, 8 percent were vacant for sale or rent, and 7 percent (808) were seasonally or otherwise used. Of the 10,424 permanently occupied units, 42 percent were owner-occupied and 58 percent were renter-occupied. Between 1980 and 1990, the percent of owner-occupied homes declined significantly, from 50 percent to 42 percent, while the percentage of renter-occupied units increased from 50 to 58 percent over the same period.

There are two distinguishing characteristics of housing in the City. One is age. Only 17 percent of all housing units in Key West were built after 1970, in contrast to 57 percent of the dwellings in Monroe County. Of all housing stock in the city, 28 percent (3,428) were built before 1939, compared to 8 percent in Monroe County.

The second major characteristic of City housing is cost. The median value of owner-occupied housing in 1990 was $147,400 compared to the state average of $76,400. Median gross monthly rent was $559, in contrast to the state average of $402. In 1996 (when the average single family home sale price was $220,300) National Association of Realtors data showed that Key West was the fourth most expensive housing market in the United States.

Key West Planning Department, 2000

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