Key Largo, FL housing market
The typical Key Largo home is worth about $1,097,000, up 3.5% in a year, 192% above the Florida typical home. Homes typically sell in 72 days, below asking.
Home values, sales, trends and how Key Largo compares with the towns next door — updated as new data is published.
Key Largo at a glance
A buyer's market
More homes are for sale than are selling — about 10 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Key Largo | Florida |
|---|---|---|
| 2017 | $556,000 | $209,000 |
| 2018 | $595,000 | $226,000 |
| 2019 | $623,000 | $242,000 |
| 2020 | $630,000 | $253,000 |
| 2021 | $702,000 | $276,000 |
| 2022 | $921,000 | $340,000 |
| 2023 | $1,062,000 | $392,000 |
| 2024 | $1,101,000 | $402,000 |
| 2025 | $1,091,000 | $397,000 |
| 2026 | $1,067,000 | $377,000 |
| August 2026 | $1,097,000 | $376,000 |
Key Largo and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Key Largo | $1.1M | +3.5% | $2,450 | $85,778 |
| Tavernier | $745K | +1.7% | $2,330 | $50,256 |
| North Key Largo | — | +1.1%† | $2,450 | $149,605 |
† FHFA price index change, where Zillow has no home value for the town.
12.8 years of income
The typical Key Largo home costs about 12.8 years of the town's median household income, more than across Florida (5 years).
How Key Largo ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,450
HUD's Fair Market Rent for a two-bedroom in Key Largo is $2,450 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Key Largo pay a median of $1,887, so moving in tends to cost more than staying put. A two-bedroom takes about 34% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,690 · 4 bedrooms $3,240
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (33037; 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.
Recent listings in Key Largo
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.