Market Overview
Home Prices in Key Largo, FL
The median home value in Key Largo, FL is $1,095,644 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Key Largo are priced167% above average. Key Largo is part of the Key West, FL metro area.
Over the past five years, Key Largo home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Key Largo Home Price Trend
City Comparison
Key Largo vs. National Median
At $1,095,644, homes in Key Largo cost 167% above the national median of $410,000. Buyers in Key Largo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Key Largo?
20% Down Payment
$219,129
on $1,095,644
Monthly P&I
$5,714/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,257/mo
incl. taxes & insurance
Income Needed
$290,280
gross annual (30% rule)
10% Down Option
$109,564
+ PMI applies
Loan Amount (20% dn)
$876,515
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 Largo, FL?
The median home value in Key Largo is $1,095,644 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Key Largo?
Over the past year, home values in Key Largo have increased by 2%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Key Largo?
To comfortably afford the median home price of $1,095,644 with a 20% down payment ($219,129) at today's rates (6.8%), you'd need a gross annual income of approximately $290,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Key Largo compare to the national average home price?
The national median home value is approximately $410,000. At $1,095,644, homes in Key Largo are 167% above the national average.
What metro area is Key Largo part of?
Key Largo is part of the Key West, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.