:|
:|
:|
:|
 
spacer
Housing Profile
Monroe County, Florida
  • Population, 2015: 74208. Monroe County ranks # 38 of Florida's 67 counties in population.
  • Households, 2015: 33658
  • Homeownership Rate, 2015: 58.0%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Monroe County is projected to have a population of 74503, ranking it # 41 of Florida's 67 counties.

Projected Total Population, Monroe County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Monroe County 73090 74208 74399 74499 74596 74600 74503
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, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Monroe County 1400 998
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, 2010-2014 American Community Survey 5-Year Summary File
  • In Monroe County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $999 for a studio apartment, $1100 for a one-bedroom, $1473 for a two-bedroom, $1828 for a three-bedroom, and $2039 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, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Monroe County 87 138 321 877 1149 3449 4671 521 11213
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, 2010-2014 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 345 licensed condominium developments in Monroe with 9817 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, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Monroe County Monroe One to four-family (other than manufactured housing) 2322 1465 1079 694 636 697 771 1200 1568 1701
Monroe County Monroe Manufactured housing 81 46 25 19 14 10 17 24 35 49
Monroe County Monroe Multifamily 1 0 10 2 0 0 0 2 1 4
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

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 2015, 16635 Monroe County households (49%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 8613 households in Monroe County (26%) pay more than 50% of income for housing.

Households by Cost Burden, Monroe County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 17023 8022 8613
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, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 11303 3872 4338
Renter 5720 4150 4275
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 $72500 in 2016.

Households by Income and Cost Burden, Monroe County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 622 693 3682
30.01-50% AMI 1369 1020 2119
50.01-80% AMI 2437 2465 1824
80.01+% AMI 12595 3844 988
Total 17023 8022 8613
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 9709 households in Monroe County (28.8%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 7632 of elderly households in Monroe (78.6%) own their homes.
  • 3897 elderly households (40%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Monroe County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 5812 1774 2123
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, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Monroe County 5946 7158 12899 11424 6326 4292 1411 3405 52861 11.2 13.5 24.4 21.6 12.0 17.2
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, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Monroe County, 2010-2014 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 941 3.3 3089 10.9 685 1.3 548 1.0
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, 2010-2014 American Community Survey 5-Year Summary File