Housing Profile
Monroe County, Florida

• Population, 2007: 78984. Monroe County ranks # 37 of Florida's 67 counties in population.

• Households, 2007: 35085

• In 2030, Monroe County is projected to have a population of 75497, ranking it # 41 of Florida's 67 counties.

Projected Total Population, Monroe County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Monroe County	78984	78706	77805	77001	76303	75497
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

Existing Home Values (Based on County Property Appraisers' Just Value)

• Single Family Home, average just value, 2008: $694450. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $270508.
• Condominium, average just value, 2008: $429931.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $905376 in 2007. The median sales price that year was $675000, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Monroe County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Monroe County	Condominiums	132000	145500	160500	175000	145500	180400	235000	311250	425000	540000	520000	440000
Monroe County	Single Family Homes	175000	195000	215400	229000	255000	282500	325000	416300	590000	738000	700000	675000
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Monroe County households in 2000 was $820 per month, compared to a statewide median rent of $641.

• In Monroe County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $861 for a studio apartment, $1048 for a one-bedroom, $1291 for a two-bedroom, $1878 for a three-bedroom, and $2011 for a four-bedroom unit.

Households by Monthly Rent Paid, Monroe County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Monroe County	1305	243	389	1266	2952	3250	2846	887

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 13088 Monroe County households (37%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 6241 households in Monroe County (18%) pay more than 50% of income for housing.

Households by Cost Burden, Monroe County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	21997	6847	6241
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Monroe County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	14690	4059	3758
Renter	7307	2788	2483
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

Household Income

• In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Monroe County and the surrounding metro area, the HUD-estimated median income for a family of four is $65200 in 2008.

Households by Income and Cost Burden, Monroe County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	1084	482	2302
30.01-50% AMI	1155	1098	1449
50.01-80% AMI	2807	1787	1224
80.01+% AMI	16951	3480	1266
Total	21997	6847	6241
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 8016 households in Monroe County (22.8%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 13220 of elderly households in Monroe County (82.5%) own their homes.

• 2611 elderly households (33%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Monroe County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	5405	1219	1392
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 25082 households in Monroe County (72%) are made up of 1-2 persons in 2007. 39% of these households pay more than 30% of income for rent or mortgage costs.

• 8039 households in Monroe County (23%%) are made up of 3-4 persons in 2007. 35% of these households pay more than 30% of income for rent or mortgage costs.

• 1952 households in Monroe County (6%%) are made up of 5 persons or more in 2007. 26% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Monroe County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	15328	4895	4859
3-4	5219	1637	1183
5+	1450	309	193
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 4091 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Monroe County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
1410	1033	1648

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Monroe County was 1608 square feet.

Year Structure Built, Monroe County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
3199	1649	4943	6660	12805	12362	9999	Monroe County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 1951 housing units (5.6% of all units) in Monroe County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 7586 units (21.6%) in Monroe County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 370 units (0.7%) in Monroe County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 279 units (0.5%) in Monroe County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.