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

Key West, FL has a median modeled monthly cash flow of $-4,871 and a median cap rate of 1.4%, on a median sold price of $1,132,500. Prices changed -5.1% 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 1.4%, 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 $1,132,500 (about $862 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.

$1,132,500Median sold price

$862Median $/sqft

1.4%Median cap rate

$-4,871Modeled cash flow / mo

-5.1%Appreciation YoY

15.5Months of supply

513Active listings

396Sold (last 12 mo)

What the Key West numbers say

In Key West, FL, the median home sold for $1,132,500 (about $862 per square foot), and the typical deal models out to a 1.4% cap rate with a median $-4,871 of monthly cash flow. Sold prices moved -5.1% over the past year. Inventory sits at about 15.5 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.