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Housing Profile
Monroe County, Florida
  • Population, 2016: 76052. Monroe County ranks # 38 of Florida's 67 counties in population.
  • Households, 2016: 34511
  • Homeownership Rate, 2016: 58.2%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Monroe County is projected to have a population of 77100, ranking it # 40 of Florida's 67 counties.

Projected Total Population, Monroe County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Monroe County 73090 76052 76200 76498 76902 77200 77100
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

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

  • Single Family Home, average just value, 2016: $618626. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $179782.
  • Condominium, average just value, 2016: $398729.

Home Sales Prices

  • The average sales price for a single family home was $841499 in 2016. The median sales price that year was $575000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Monroe County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Monroe County Condominiums 132000 145500 160500 175000 145500 180400 235000 311250 425000 540000 520000 440000 395000 303000 300000 295000 305000 355750 351000 389500 457000
Monroe County Single Family Homes 175000 195000 215400 229000 255000 282500 325000 416300 590000 738000 700000 675000 576500 400000 375000 380000 411000 465000 480000 535000 575000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Monroe County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Monroe County, Florida 1385 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Monroe County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $1067 for a studio apartment, $1266 for a one-bedroom, $1682 for a two-bedroom, $2110 for a three-bedroom, and $2370 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Monroe County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Monroe County 126 171 319 797 1068 3664 2403 1608 338 130 57 554 11235
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 25 licensed manufactured housing parks in Monroe with 1290 lots in 2012.
  • There are 344 licensed condominium developments in Monroe with 9769 units in 2012. Of these, 120 properties with 1456 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Monroe County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Monroe County Monroe One to four-family (other than manufactured housing) 2322 1465 1079 694 636 697 771 1200 1568 1701 2088
Monroe County Monroe Manufactured housing 81 46 25 19 14 10 17 24 35 49 38
Monroe County Monroe Multifamily 1 0 10 2 0 0 0 2 1 4 5
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

This table is not available outside of Metropolitan Statistical Areas (MSAs)

Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 17027 Monroe County households (49%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 8809 households in Monroe County (26%) pay more than 50% of income for housing.

Households by Cost Burden, Monroe County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 17484 8218 8809
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Monroe County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 11638 3988 4457
Renter 5846 4230 4352
Notes:  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 $68700 in 2017.

Households by Income and Cost Burden, Monroe County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 647 716 3768
30.01-50% AMI 1422 1048 2168
50.01-80% AMI 2513 2522 1864
80.01+% AMI 12902 3932 1009
Total 17484 8218 8809
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 10260 households in Monroe County (29.7%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 8070 of elderly households in Monroe (78.7%) own their homes.
  • 4114 elderly households (40%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Monroe County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 6146 1875 2239
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Monroe County was 1626 square feet.

Year Structure Built, Monroe County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Monroe County 487 5641 7111 12596 11490 6448 4160 1332 3648 52913 0.9 10.7 13.4 23.8 21.7 12.2 17.3
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Monroe County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Monroe County 742 2.6 3036 10.5 494 0.9 326 0.6
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File