Cudjoe Key, FL housing market
Homes typically sell in 94 days, below asking.
Home values, sales, trends and how Cudjoe Key compares with the towns next door — updated as new data is published.
Cudjoe Key at a glance
A buyer's market
More homes are for sale than are selling — about 6 months of supply. Buyers have room to negotiate.
Home prices up 58% in 5 years
The federal house price index for the ZIP code around Cudjoe Key rose 58% over the past 5 years, about the same as across Florida. Last year prices rose 2.5%. Carrying the Census median home value forward with that index puts the typical Cudjoe Key home at roughly $1,417,000 today.
Show as a table
| Year | Change that year | Since 2000 | Florida since 2000 |
|---|---|---|---|
| 2025 | +2.5% | +264% | +264% |
| 2024 | −3.1% | +255% | +266% |
| 2023 | +8.3% | +267% | +254% |
| 2022 | +27% | +239% | +226% |
| 2021 | +16% | +167% | +163% |
| 2020 | −0.2% | +130% | +128% |
| 2019 | +4.8% | +131% | +117% |
| 2018 | +11% | +120% | +106% |
| 2017 | +2.9% | +98% | +90% |
| 2016 | +11% | +93% | +76% |
| 2015 | +9.5% | +74% | +61% |
| 2014 | +7.3% | +59% | +47% |
| 2013 | +3.9% | +48% | +34% |
| 2012 | −0.9% | +43% | +24% |
| 2011 | −5% | +44% | +26% |
| 2010 | −4.8% | +51% | +36% |
| 2009 | −18% | +59% | +50% |
| 2008 | −14% | +94% | +83% |
| 2007 | −10% | +127% | +117% |
| 2006 | +7.9% | +154% | +123% |
| 2005 | +38% | +135% | +92% |
| 2004 | +22% | +70% | +51% |
| 2003 | +15% | +39% | +30% |
| 2002 | +11% | +21% | +20% |
| 2001 | +9.5% | +9.5% | +9.7% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 33042, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
9.8 years of income
The typical Cudjoe Key home costs about 9.8 years of the town's median household income, more than across Florida (5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,910
HUD's Fair Market Rent for a two-bedroom in Cudjoe Key is $2,910 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cudjoe Key pay a median of $1,864, so moving in tends to cost more than staying put. A two-bedroom takes about 40% of the town's median household income, above the 30% guideline for affordable housing.
Studio $2,010 · 4 bedrooms $3,850
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (33042; Monroe County, FL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.