Market Overview
Home Prices in Key Colony Beach, FL
The median home value in Key Colony Beach, FL is $875,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.5% compared to a year ago and down 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Key Colony Beach are priced114% above average. Key Colony Beach is part of the Key West, FL metro area.
Over the past five years, Key Colony Beach home values have risen by approximately22.3%, reflecting strong long-term appreciation in this market.
Price History
Key Colony Beach Home Price Trend
City Comparison
Key Colony Beach vs. National Median
At $875,463, homes in Key Colony Beach cost 114% above the national median of $410,000. Buyers in Key Colony Beach should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Key Colony Beach?
20% Down Payment
$175,093
on $875,463
Monthly P&I
$4,566/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,799/mo
incl. taxes & insurance
Income Needed
$231,960
gross annual (30% rule)
10% Down Option
$87,546
+ PMI applies
Loan Amount (20% dn)
$700,370
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Key Colony Beach, FL?
The median home value in Key Colony Beach is $875,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.5% year-over-year.
How much have home prices changed in Key Colony Beach?
Over the past year, home values in Key Colony Beach have decreased by 4.5%. Over five years, prices have risen approximately 22.3%.
How much do I need to earn to buy a home in Key Colony Beach?
To comfortably afford the median home price of $875,463 with a 20% down payment ($175,093) at today's rates (6.8%), you'd need a gross annual income of approximately $231,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Key Colony Beach compare to the national average home price?
The national median home value is approximately $410,000. At $875,463, homes in Key Colony Beach are 114% above the national average.
What metro area is Key Colony Beach part of?
Key Colony Beach is part of the Key West, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.