Market Overview
Home Prices in Summerland Key, FL
The median home value in Summerland Key, FL is $1,085,024 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and down 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Summerland Key are priced165% above average. Summerland Key is part of the Key West, FL metro area.
Over the past five years, Summerland Key home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Summerland Key Home Price Trend
City Comparison
Summerland Key vs. National Median
At $1,085,024, homes in Summerland Key cost 165% above the national median of $410,000. Buyers in Summerland Key should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Summerland Key?
20% Down Payment
$217,005
on $1,085,024
Monthly P&I
$5,659/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,187/mo
incl. taxes & insurance
Income Needed
$287,480
gross annual (30% rule)
10% Down Option
$108,502
+ PMI applies
Loan Amount (20% dn)
$868,019
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 Summerland Key, FL?
The median home value in Summerland Key is $1,085,024 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Summerland Key?
Over the past year, home values in Summerland Key have increased by 0.1%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Summerland Key?
To comfortably afford the median home price of $1,085,024 with a 20% down payment ($217,005) at today's rates (6.8%), you'd need a gross annual income of approximately $287,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Summerland Key compare to the national average home price?
The national median home value is approximately $410,000. At $1,085,024, homes in Summerland Key are 165% above the national average.
What metro area is Summerland Key part of?
Summerland Key is part of the Key West, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.