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These days, finding an affordable place to live in the Key Largo area can be challenging. Home prices in Key Largo are now at a median cost of $840,477, higher than the Florida average of $396,783.
The average cost of rent is $1,985/mo in Key Largo, primarily driven by the current value of real estate in the Key Largo area. In Key Largo, 21.28% of households rent, and 62.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Key Largo is $8,751 per month. Households that rent pay about 22.68% of their income on rent here. Key Largo’s most expensive areas are in the northern 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
- Tavernier, FL: less expensive homes
- Islamorada, FL: higher priced homes
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- Plantation Key, FL: higher priced homes
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Cities with Similar Populations
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- California, MD: less expensive homes
- California City, CA: less expensive homes
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