Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$962,885+1.9% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 12% have cut their price
Income needed to buy, per year$208,733About 2.2× the local median income ($94,752): hard to afford
Days on market107 daysAbout the same pace as a year ago
The typical home in Monroe County, FL is worth $962,885, up 1.9% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $1,001,364, so the area is 3.8% undervalued. It is a balanced market: homes take about 107 days to sell, listings are down 1% from a year ago, 12% of listings have had a price cut. A household needs about $208,733 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $94,752. Typical rent is $3,671 a month. In the latest IRS figures, 713 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$962,885
Change in 1 year
+1.9%
Overvalued %
−3.8%
Show 6 more
Fair home value
$1,001,364
Change in 5 years
+26.3%
Home value to income
10.2×
Monthly mortgage payment (20% down)
$5,218
Income needed to afford it
$208,733
Property tax rate
0.53%
Rent and investing
Typical rent
$3,671
Price-to-rent ratio
21.9×
HUD Fair Market Rent, 2 bedrooms
$2,254
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Gross rental yield
4.57%
Cap rate (estimate)
2.97%
Market activity
Listings vs a year ago
−1.3%
Days on market
107
Listings with a price cut
12.2%
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Homes for sale
1,160
Pending sales per 100 listings
14
Asking price per sq ft
$831
People and jobs
Median household income
$94,752
Population change (1 year)
−2.0%
Unemployment rate
2.9%
Show 4 more
Population
80,406
Income adjusted for cost of living
$100,800
Net moves in (IRS)
−713
Cost of living (US = 100)
94.0
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
91.6
Flood risk score
98.8
Show 3 more
Wildfire risk score
61.9
Walkability (1 to 20)
11.5
Road, rail and air noise
54 dB
Questions people ask
Is Monroe County, FL overvalued?
Home prices in Monroe County, FL are slightly below what local incomes have historically supported: fair value is about $1,001,364, so the area is 3.8% undervalued.
Is Monroe County, FL a buyer's or seller's market?
Monroe County, FL is a balanced market: homes take about 107 days to sell, listings are down 1% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Monroe County, FL?
Home values in Monroe County, FL are up 1.9% over the last year.
How much do you need to earn to buy a home in Monroe County, FL?
A household needs about $208,733 a year to afford the typical home in Monroe County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $94,752.