Monroe County, Florida Housing Market
In Monroe County, Florida, the median home value is $780,600, with a median monthly rent of $1,999. This places Monroe County at #36 nationally out of 3134 counties by median home value, and #1 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,143
- Establishments: 4,860
- BLS QCEW, 2025
Housing Supply
- Single-family: 239
- Multi-family: 40
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 38,593 (avg $215,502)
- Outflow: 34,955 (avg $200,238)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Monroe County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 33050 | 430.8 | -1.55% | 2025 |
| 2 | 33040 | 364.5 | +7.60% | 2025 |
| 3 | 33043 | 404.1 | +1.09% | 2025 |
| 4 | 33037 | 461.9 | +1.14% | 2025 |
| 5 | 33042 | 364.3 | +2.53% | 2025 |
| 6 | 33070 | 467.2 | +0.04% | 2025 |
| 7 | 33036 | 418.0 | +34.33% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Monroe County Compares
| Metric | Monroe County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $780,600 | $284,325 | $227,706 |
| Median Gross Rent | $1,999 | $1,303 | $968 |
| Owner Occupancy Rate | 65.8% | 74.6% | 73.3% |
| Price/Rent Ratio | 32.5 | 17.6 | 18.7 |
Market Analysis
The median home value in Monroe County is 174.5% above the Florida state average and 242.8% above the U.S. national average. The median rent of $1,999/month is 53.4% above the state average.
With a price-to-rent ratio of 32.5, Monroe County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Monroe County has an owner-occupancy rate of 65.8%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Monterey County | California | $781,000 | $2,055 |
| Wasatch County | Utah | $787,300 | $2,000 |
| Santa Barbara County | California | $790,700 | $2,131 |
| San Benito County | California | $793,400 | $1,992 |
| San Juan County | Washington | $799,200 | $1,512 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Collier County | $540,700 | $1,862 | 76.6% |
| St. Johns County | $489,200 | $1,922 | 82.2% |
| Miami-Dade County | $463,000 | $1,829 | 52.2% |
| Palm Beach County | $447,300 | $1,916 | 70.1% |
| Martin County | $432,200 | $1,569 | 79.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).