Expensive
Affordable
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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 $1,073,560, higher than the Florida average of $396,783.
The average cost of rent is $2,116/mo in Islamorada, primarily driven by the current value of real estate in the Islamorada area. In Islamorada, 16.26% of households rent, and 42.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Islamorada is $7,989 per month. Households that rent pay about 26.48% of their income on rent here. Islamorada’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Plantation Key, FL: equally priced homes
- Tavernier, FL: less expensive homes
- Layton, FL: less expensive homes
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- Key Largo, FL: less expensive homes
- Key Colony Beach, FL: higher priced 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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