Key Colony Beach, Florida.
Typical home $890,935 (+2.3% in a year). Key West, FL metro.
to buy the typical home at today's mortgage rate — +$2,510 (+116%) since Jan 2020.
- 1 year
- Up $19,710 +2%
- $871,225$890,935 since Sep 2025
- 5 years
- Up $143,423 +19%
- $747,512$890,935 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Key Colony Beach$4,676
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Key Colony Beach, FL rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Key Colony Beach, Monroe County, Florida
Key Colony Beach is a city of 790 people in Monroe County. Unemployment in Monroe County was 3.3% in August 2026, and the county had 0.5% more jobs in 2025 than the year before. The most people in Monroe County work in restaurants and hotels, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Key Colony Beach is a very small city in the Florida Keys, with far fewer people than most towns and a population that skews well older than the country as a whole. Homes here are worth a good deal more than the typical American home, and household incomes in the county run above the national picture. Winters are mild and summers hot, with January the coolest month and August the warmest, and a fair amount of rain through the year.
Work. Residents work mostly in restaurants, hotels and entertainment, with others in schools, hospitals and social care, professional and business services, and shops. Across Monroe County, some of the largest workplaces are Monroe Schools, Cheeca Lodge and Spa, and Lower Keys Medical Center. Commutes are short, and unemployment in the county is low and little changed from a year earlier.
Things to do. Curry Hammock State Park, a protected natural area, is in or beside town. A short drive away is the Dolphin Research Center, a zoo-style attraction focused on dolphins. Farther afield, a longer drive brings you to Long Key State Park and Anne's Beach, a beach on the water.
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- 8%below the poverty line
- 10 mintypical commute
- 5%work from home
What people in Monroe County work in
Employed residents by industry, from the Census survey. Monroe County had 47,299 jobs in 2025, 0.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 76° and lows near 64°; warmest in August, with highs near 92° and lows near 80°. About 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Marathon Airport weather station, 2 miles away (NOAA).
Largest employers in Monroe County
- US Armed Services14,570
- Monroe County School District1,701
- Ocean Reef Club1,241
- Publix Stores756
- Ocean Properties645
- Monroe County Government612
- Monroe County Sheriff's Office540
- Lower Keys Medical Center523
From Monroe County’s annual financial report for 2025, its schedule of principal employers (its source: “Key West Chamber of Commerce and the Florida Research and Economic Database”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- Coastal floodingVery high
- HurricanesVery high
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Key Colony Beach’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Monroe County and the Key West, FL metro.
Key Colony Beach home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Key Colony Beach$890,935
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 4 Key Colony Beach listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Key Colony Beach23.30%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Key Colony Beach59
New listings per month
Sellers arriving at the market.
- Key Colony Beach8
Zip codes with a Key Colony Beach address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Key Colony Beach — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.