Market Intelligence · FL / Key West

Key West, FL 33040 Housing Market

The typical home value in Key West, FL 33040 is $966,279, down 3.0% over the past year. The median list price sits at $1,226,000, and homes are taking a median of 101 days on market.

Updated June 2026Median value$966K

The median home value in Key West, FL 33040 is $966K as of June 2026, down 3.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 33040 range

$889K to $1.04M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.0% over 12 months

Typical home value in 33040 over the last 12 months: $996K in Jun 2025 to $966K in Jun 2026 (-3.0%).

Jun 2025$996K

Jun 2026$966K

The numbers

What is the 33040 housing market like?

Typical home value

$966K

Down3.0%YoY

Median list price

$1.23M

Days on market

101

Down22.6%MoM

Homes for sale

318

Price cuts

12.5%

New listings

40

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 33040 home prices compare?

  • 33040$966,279
  • Key West$966,279
  • Florida$347,135
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Key West: 1 ZIPs; Florida: 923 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there were 318 homes for sale in Key West 33040, with 40 new listings added. The median list price was $1,226,000, while the typical home value was $966,279, down 3.0% over the past year. Homes are sitting for a median of 101 days on market, and 12.5% of listings had a price cut. If you are thinking about selling here, plan for a slower market and expect to price carefully.

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