Key West, FL Housing Market

Understanding the Key West, FL housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this FL metro is set to perform relative to the rest of its state.

The South Atlantic region continues to attract domestic migration with its combination of job growth, favorable tax environments, and year-round climate. Markets range from rapidly appreciating tech corridors to established retirement destinations with strong rental demand.

Florida's zero state income tax, warm climate, and retirement appeal maintain strong population inflows. The state's insurance market dynamics and hurricane risk are important context for reading how individual Florida metros are positioned relative to the state.

Each month, PropertyIQ updates its score for Key West, FL using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.

Use PropertyIQ's interactive analytics to compare Key West, FL against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.