County market report · FIPS 12087
Monroe County, FL
Key West, FL · Population 73,900 (Census V2020 est.)
Typical value
$962,885
Sep 2026
1M
+0.3%
3M
+0.9%
12M
+1.9%
5Y
+26.3%
10Y
+81.6%
From peak
-4.9%
Peak $1,012,559 · May 2024
Rank US / state
1900 / 12
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyC · Accelerating Uptrend
r3+0.89%p3+0.40%Acceleration+0.49ppMonths persisting1Evidence (Price-Only)55/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $942,327 | -4.5% |
| 2024 | $986,777 | -1.8% |
| 2023 | $1,005,365 | +2.9% |
| 2022 | $976,687 | +21.4% |
| 2021 | $804,691 | +24.2% |
| 2020 | $648,121 | +10.2% |
| 2019 | $588,248 | +1.4% |
| 2018 | $579,915 | +3.0% |
| 2017 | $563,183 | +5.8% |
| 2016 | $532,306 | — |