Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Islamorada area can be challenging. Home prices in Islamorada are now at a median cost of $748,305, higher than the Florida average of $278,762.
The average cost of rent is $1,709/mo in Islamorada, primarily driven by the current value of real estate in the Islamorada area. While nearly 47.77% of residents own their homes outright in Islamorada, 23.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Islamorada is $6,873 per month. Households that rent pay about 24.86% of their income on rent here. Islamorada's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Plantation Key, FL: higher priced homes
- Tavernier, FL: less expensive homes
- Layton, FL: less expensive homes
- Long Key, FL: less expensive homes
- Key Largo, FL: less expensive homes
- Key Colony Beach, FL: less expensive homes
- Marathon, FL: less expensive homes
- Florida City, FL: less expensive homes
- Redland, FL: less expensive homes
- Homestead, FL: less expensive homes
Cities with Similar Populations
- Barnesville, MN: less expensive homes
- Hamilton, IL: less expensive homes
- Elim, PA: less expensive homes
- East Rockingham, NC: less expensive homes
- Davis, IL: less expensive homes
- Curtice, OH: less expensive homes
- Columbus, MT: less expensive homes
- Clyde Hill, WA: higher priced homes
- Climax, NC: less expensive homes
- Chatfield, MN: less expensive homes
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