Market Overview
Home Prices in Ramrod Key, FL
The median home value in Ramrod Key, FL is $861,642 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and down 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ramrod Key are priced110% above average. Ramrod Key is part of the Key West, FL metro area.
Over the past five years, Ramrod Key home values have risen by approximately27.7%, reflecting strong long-term appreciation in this market.
Price History
Ramrod Key Home Price Trend
City Comparison
Ramrod Key vs. National Median
At $861,642, homes in Ramrod Key cost 110% above the national median of $410,000. Buyers in Ramrod Key should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ramrod Key?
20% Down Payment
$172,328
on $861,642
Monthly P&I
$4,494/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,707/mo
incl. taxes & insurance
Income Needed
$228,280
gross annual (30% rule)
10% Down Option
$86,164
+ PMI applies
Loan Amount (20% dn)
$689,314
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 Ramrod Key, FL?
The median home value in Ramrod Key is $861,642 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Ramrod Key?
Over the past year, home values in Ramrod Key have decreased by 2%. Over five years, prices have risen approximately 27.7%.
How much do I need to earn to buy a home in Ramrod Key?
To comfortably afford the median home price of $861,642 with a 20% down payment ($172,328) at today's rates (6.8%), you'd need a gross annual income of approximately $228,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Ramrod Key compare to the national average home price?
The national median home value is approximately $410,000. At $861,642, homes in Ramrod Key are 110% above the national average.
What metro area is Ramrod Key part of?
Ramrod Key is part of the Key West, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.