Monroe County, FL Average Home Price (2026)
The average home price in Monroe County, Florida is about $904,000 (the 2026 median across 9 ZIP codes, at ~$826/sq ft) — 162% more expensive than the Florida median and 213% more expensive than the typical U.S. home.
How Monroe County compares
Monroe County is relatively expensive for housing nationally: its typical home costs $904,000 against $345,000 for Florida and $289,000 for the U.S. Within the county, ZIP-level values run from about $753,000 to $1,244,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Monroe County | $904,000 | $826 |
| Florida | $345,000 | $229 |
| United States | $289,000 | $193 |
Monroe County home prices by ZIP code
The 9 most valuable ZIP codes in Monroe County (of 9 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 33036 Islamorada | $1,244,000 | $1164 | +38% |
| 33037 Key Largo | $1,094,000 | $732 | +21% |
| 33042 Summerland Key | $1,034,000 | $865 | +14% |
| 33040 Key West | $957,000 | $911 | +6% |
| 33070 Islamorada | $904,000 | $826 | +0% |
| 33001 Layton | $903,000 | $1028 | +0% |
| 33051 Key Colony Beach | $886,000 | $790 | -2% |
| 33050 Marathon | $836,000 | $790 | -8% |
| 33043 Big Pine Key | $753,000 | $769 | -17% |
Home value appreciation in Monroe County
Home prices in Monroe County have risen about 118% over the last 10 years (≈8.1% a year) and +69.9% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +2.1% — still rising. A home worth $904,000 today was worth roughly $414,109 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Florida is +126.8% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Monroe County
Run the numbers for Monroe County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Monroe County
To buy the typical $904,000 home in Monroe County with 20% down, you need a household income of roughly $246,000 a year (about $5,740 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $292,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $45,200 | $7,130/mo | $306,000/yr |
| 10% (+PMI) | $90,400 | $6,820/mo | $292,000/yr |
| 20% | $180,800 | $5,740/mo | $246,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Monroe County
At about $826 per square foot, here is roughly how much home different budgets get you in Monroe County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $500k | 610 sq ft | below the local median — condos, smaller or older homes |
| $600k | 730 sq ft | below the local median — condos, smaller or older homes |
| $750k | 910 sq ft | around the typical home here |
| $1.00M | 1210 sq ft | around the typical home here |
| $1.50M | 1820 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Florida.
Estimate a specific home in Monroe County
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Monroe County home prices: frequently asked
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Browse all Florida cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.