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Homes For Sale In Key West, FL
Key West is a small island city located in the Florida Keys, an archipelago of islands in the Straits of Florida. Key West is the main island and is about four miles long and where most homes for sale in Key West can be found. If you’re looking to plant roots in a cozy place that values community and the ocean is around every corner, Key West is a great place to buy homes for sale in Florida.
Key West, FL, Homes For Sale
The median price for single-family homes for sale in Key West is around $1.4M. Key West is a small and isolated island, and the housing market is relatively small, with typically fewer than ten homes available for sale at any given time. This gives the market a sense of exclusivity and reflects in the real estate prices.
The Key West real estate market is currently considered a seller's market, and homes for sale in Key West tend to spend an average of 75 days on the market before selling. Homes in Key West are typically medium-sized, averaging around 1,500 square feet and tow-to-three bedrooms.
Most homes in Key West were built prior to 1990, with a large number built prior to 1950, and there is a wide variety of architectural styles represented in the city. Some common styles of homes for sale in Key West include:
- Bahamian - Two-story homes with wrap-around porches and colorful shutters.
- Shotgun homes - These are 19th-century homes with a long side hallway and three rooms.
- Queen Anne - Very ornate, late Victorian-era homes.
- Mediterranean-style - Homes with red tile roofs, brick or stucco exteriors, and relatively rare in the Keys.
- Spanish Colonial-style homes - Less common, with coquina rock construction and similar to Mediterranean homes.
Regardless of architectural style, many homes for sale in Key West feature bright and bold colors, elaborate fences, and large porches that are often fully wrapped.
Key West Neighborhoods
Bahama Village
Bahama Village is a neighborhood located on the southwest side of Old Town Key West. It is known for its small single-family homes for sale and high rental occupancy, making it a popular area for investment properties. The median price of Key West homes for sale in Bahama Village is around $1.1M. Bahama Village is one of the oldest neighborhoods in Key West, dating back to the 1800s. Many of the homes in this neighborhood are in the Bahamian and shotgun style, and the neighborhood is known for its colorful houses. Bahama Village is a close-knit community with a strong sense of history and pride.
Old Town
Old Town is the historic district of Key West and is located on the waterfront on the gulf side of the island. The area was developed in the 1800s and originally featured shipping docks and warehouses.
Today, Old Town is home to a number of Victorian and shotgun houses, as well as a large number of historic homes. Old Town is a popular destination for tourists, with a number of waterfront restaurants, bars, museums, and other attractions. The median price of homes for sale in Old Town is around $1.3M.
New Town
New Town is a neighborhood located in Key West, Florida. It is known for being one of the most affordable areas in the city, with homes for sale in New Town selling at a median price of around $603K. New Town was primarily developed in the 1900s and is home to 75% of the residents of Key West. Most people consider anything north of White Street to be part of New Town.
The Meadows
The Meadows homes for sale have a median price of around $1.3M, making it a relatively exclusive area in the Key West to settle. The Meadows is located in the Seaport Historic District and was developed in the early 1900s.
The Meadows is a very walkable neighborhood, with tree-lined streets and larger lots. The Meadows is located within walking distance of a number of attractions and amenities in Key West. It is a 10-minute walk to the historic seaport and a 20-minute walk to Duval Street, the main shopping and dining district in the city.
Key West, FL Schools
Key West public schools fall under the jurisdiction of the Monroe County School District. The district's schools offer a variety of academic programs, including traditional classroom instruction, advanced placement courses, career and technical education programs, and special education services. Some of the schools in Key West include:
- Key West High School
- Horace O'Bryant Middle School
- Poinciana Elementary School
In regards to higher education, the College of the Florida Keys is a community college located in the National Marine Sanctuary, near most homes for sale in Key West.
Frequently Asked Questions About Key West, FL Homes For Sale
What Zip Codes Make Up Key West, Florida?
The zip codes that cover Key West homes for sale are 33040 and 33041. Zip code 33040 covers the central and western parts of Key West, while zip code 33041 covers the eastern part of the island.
What County is Key West, FL In?
Key West is the county seat of Monroe County.
Where Is The Nearest Commercial Airport In Key West, Florida?
Key West is served by the Key West International Airport (EYW), which is located about two miles east of the city. The airport is a small regional facility that serves the Florida Keys and the surrounding area. Some routes are seasonal and may not be available year-round. Key West International Airport averages just under one million passengers per year, making it a relatively small airport compared to other major airports in the United States.
How Far Are Other Popular Cities from Key West, Florida?
- Naval Air Station Key West is nine miles east via US-1
- Key Largo is 98 miles east via US-1
- Miami is 165 miles northeast via US-1
- West Palm Beach is 231 miles northeast via US-1
- Orlando is 393 miles north via the Florida Turnpike and US-1
- Jacksonville is 504 miles north via I-95
What Is Key West, FL Known For?
Key West is known for its tropical climate, beautiful beaches, high-value homes for sale, and laid-back atmosphere. But maybe most well known as being the Southernmost Point in the continental United States, marked by a large concrete buoy at the corner of South and Whitehead Streets.
Is Key West, FL, a Good Place To Live?
Key West has a lower crime rate compared to many other cities in the United States, which may make it a desirable place to live for those who value safety and security. Key West homes for sale are close to a number of beautiful beaches. The city is surrounded by crystal-clear waters, making it a peaceful and relaxing place to live.
Things to Do in Key West, FL
Key West is a popular tourist destination and is known for its vibrant nightlife, cultural attractions, and outdoor recreational opportunities. Some of the fun things to do in Key West include visiting the Hemingway House, the home where the famous American author used to live and that has been turned into a museum. You can also find many things to occupy your time, including spending the day and night on Duval Street, a popular tourist destination in Key West, known for its bars, restaurants, and shops.
Living in Key West, FL
Cost of Living in Key West, Florida
The cost of living in Key West is generally higher than the national average, due in part to its location as a tourist destination and the limited availability of land on the island. If you buy one of the homes for sale in Key West, know that the cost of living index for Key West is 151.2, which is significantly higher than the national average of 100.
The median household income in Key West is $75,638. The relatively high median household income and low poverty rate suggest that many residents are able to afford the higher cost of living.
Healthcare in Key West, Florida
The major hospital in Key West is the Lower Keys Medical Center, which is a full-service acute care facility that offers a range of medical services, including a 24-hour emergency department. The Lower Keys Medical Center is also designated as a Chest Pain Center and as a Primary Stroke Center.
Regarding specialized care, the nearest neonatal intensive care unit (NICU) is located at Homestead Hospital in Homestead, Florida, about 50 miles from Key West. Homestead Hospital is a full-service hospital that offers various medical services, including a NICU for critically ill newborns.
It's worth noting that Key West is a small island, and access to medical care may be limited in some cases. It's important for residents in Key West homes for sale as well as visitors to be prepared for emergencies and have a plan in place in case of medical need.
Weather in Key West, Florida
Key West has a tropical savanna climate characterized by hot and humid weather, with temperatures remaining relatively constant throughout the year. The average high temperature residents in Key West homes for sale experiment is around 87°F, and the average low temperature is around 74°F.
Key West is cooled by tradewinds and sea breezes, which help to keep temperatures comfortable throughout the year. However, the island can be affected by hurricanes, which can bring strong winds and heavy rain. Key West typically experiences a wet and dry season, with the wet season occurring from May to October and the dry season from November to April.
On average, Key West homes for sale receive more than 40 inches of precipitation per year, with the majority of that occurring during the wet season. Key West experiences an average of 12 hours of sunlight per day all year round.
Job Market in Key West, FL
The local economy is heavily reliant on tourism, and as a result, the hospitality industry is a major employer in Key West, with many jobs available in hotels, restaurants, and other tourism-related businesses.
Other major industries in Key West include retail, healthcare, and education. It's worth noting that Key West is a small and isolated island, and the job market may be more limited compared to larger cities. The unemployment rate in Key West is currently under 2%, which is lower than the national average.
Transportation in Key West, FL
U.S. Highway 1 is the main road that runs through Key West and the Florida Keys and is the main route for travel between the Keys and the mainland. Key West homes for sale are connected to the mainland by a series of bridges. The main bridges connecting Key West to the rest of the Florida Keys and the mainland include:
● Overseas Highway: This bridge is a series of 42 bridges that connect the Florida Keys to the mainland. It includes the Seven Mile Bridge.
● Cow Key Channel Bridge: This bridge connects Key West to Stock Island.
● Key West Bight Bridge: This bridge connects Key West to the mainland via US-1.
● Key West Harbor Bridge: This bridge connects Key West to the mainland via U.S. Route 1 and is also known as the Flagler Memorial Bridge.
● Key West Express Bridge: This bridge connects Key West to the mainland via US-1 and is used by the Key West Express ferry service.
These bridges are important transportation links for the city of Key West and the surrounding region and are used by both cars and pedestrian traffic.