Rental numbers for Monroe County, FL
The typical home here runs -$3,526 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.2%.
- Gross yield
- 4.5%
- typical home, Zillow
- Median ZIP yield
- 4.2%
- 4 ZIPs with full data
- Cash flow
- -$3,526/mo
- at 7.78%, 25% down
- Typical price
- $960,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $3,601/mo
- Zillow ZORI, Aug 2026
ZIP codes in Monroe County
9 with published figures
| 33042Summerland Key | $1,029,000 | $5,050 | 5.9% | 3.3% | -$2,721 | n/a |
| 33040Key West | $949,000 | $3,490 | 4.4% | 2.0% | -$3,544 | +2.8% |
| 33043Big Pine Key | $742,000 | $2,510* | 4.1% | 1.6% | -$3,030 | n/a |
| 33070Islamorada | $917,000 | $3,083 | 4.0% | 1.6% | -$3,702 | n/a |
| 33037Key Largo | $1,096,000 | $3,304 | 3.6% | 1.4% | -$4,665 | +4.2% |
| 33001Layton | $901,000 | $2,390* | 3.2% | 0.9% | -$4,160 | n/a |
| 33051Key Colony Beach | $881,000 | $2,230* | 3.0% | 0.7% | -$4,259 | n/a |
| 33050Marathon | $837,000 | $2,050* | 2.9% | 0.6% | -$4,102 | n/a |
| 33036Islamorada | $1,240,000 | $2,430* | 2.4% | 0.1% | -$6,538 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.1%
- Rent, 12 months
- +2.4%
- Rent minus price growth
- +1.3 pts
- Property tax
- 0.53%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $753,301 | $2,851 |
| Aug 2022 | $995,259 | $3,442 |
| Aug 2023 | $997,534 | $3,468 |
| Aug 2024 | $1,003,170 | $3,528 |
| Aug 2025 | $949,555 | $3,517 |
| Aug 2026 | $959,844 | $3,601 |
HUD Fair Market Rent
FY2027, Monroe County, FL
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,554 | $1,990 | $2,254 | $2,973 | $2,984 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 8.6
- 296 units, last 12 months
- National percentile
- 66th
- among US counties
Tools
Test a listing in Monroe County against today's rate.
Open the calculatorPart of the Key West, FL metro.
Questions
- Is Monroe County good for rental property?
- The typical home here runs -$3,526 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Monroe County?
- About 0.53% of value, from Census ACS median taxes paid over median home value. On a $960,000 home that is about $5,078 a year.
- What is Fair Market Rent in Monroe County?
- HUD's FY2027 Fair Market Rent here is $1,990 for a 1-bedroom, $2,254 for a 2-bedroom and $2,973 for a 3-bedroom. Typical cash flow at today's rate is -$3,526 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.