Is Key West, FL a good place to invest in rental property?

Key West, FL has a median modeled monthly cash flow of $-5,717 and a median cap rate of 0.8%, on a median sold price of $1,150,000. Prices changed -2.8% year over year.

What is the average cap rate in Key West, FL?

The median cap rate across recently sold homes in Key West, FL is 0.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Key West, FL?

The median sold price in Key West, FL is $1,150,000 (about $878 per square foot).

Investing in Key West, FL Real Estate

A data-driven snapshot of the Key West, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,150,000Median sold price

$878Median $/sqft

0.8%Median cap rate

$-5,717Modeled cash flow / mo

-2.8%Appreciation YoY

12.0Months of supply

417Active listings

417Sold (last 12 mo)

What the Key West numbers say

In Key West, FL, the median home sold for $1,150,000 (about $878 per square foot), and the typical deal models out to a 0.8% cap rate with a median $-5,717 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 12.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Florida markets to compare

See Key West cash-flowing listings

CashFlowRE ranks every for-sale home in Key West, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Key West deals, or browse the national market data.