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Monroe County Housing Market

Florida · 67 counties · Ranked #3103 in home value

Above National Avg

Housing at a Glance

Median Home Value

$723,800

vs national+$723,800 vs $281,900 national

Median Gross Rent

$1,959/mo

vs national+$1,959 vs $1,163 national

Effective Tax Rate

0.54%

vs national0.54% vs 1.02% national

Median Household Income

$82,430

vs national+$82,430 vs $74,755 national

Affordability Ratio

8.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

35.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,943

Tax as % of Home Value

0.54%

Monthly Owner Cost

$1,645

Renter Income

$62,603

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Monroe County?

The median home value in Monroe County is $723,800. This is above the national median of $281,900.

How much is rent in Monroe County?

The median gross rent in Monroe County is $1,959 per month.

What is the property tax rate in Monroe County?

The effective property tax rate in Monroe County is 0.54%. The median annual property tax bill is $3,943.

Is Monroe County affordable?

With a home-value-to-income ratio of 8.8x, Monroe County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.