Big Pine Key, FL


Highest Appreciating Big Pine Key Neighborhoods Since 2000

Big Pine Key, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Big Pine Key Housing Market Information

With 4,525 people, 1,922 houses or apartments, and a median cost of homes of $441,547, Big Pine Key house prices are not only among the most expensive in Florida, Big Pine Key real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Big Pine Key, accounting for 79.00% of the town's housing units. Other types of housing that are prevalent in Big Pine Key include mobile homes or trailers ( 11.88%), large apartment complexes or high rise apartments ( 3.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.46%).

Dwellings in Big Pine Key tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 64.03% of the homes in Big Pine Key have two or fewer bedrooms.

There is a lot of housing in Big Pine Key built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Big Pine Key built between 1940-1969 ( 24.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.99%).

Vacant housing appears to be an issue in Big Pine Key. Fully 36.04% of the housing stock is classified as vacant. Left unchecked, vacant Big Pine Key homes and apartments can be a drag on the real estate market, holding Big Pine Key real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Big Pine Key Home Appreciation Rates

Big Pine Key's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Big Pine Key during the period has been just -1.83%, which is lower than 80% of US communities.

Appreciation rates are so strong in Big Pine Key that despite a nationwide downturn in the housing market, Big Pine Key real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Big Pine Key appreciation rates continue to be some of the highest in America, at 9.67%, which is higher than appreciation rates in 92.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Big Pine Key. Big Pine Key appreciation rates in the latest quarter were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Big Pine Key's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

Average Home Values


Median Home Value:


Value Range
> $1,360,000 1.8
$1,020,001 - $1,360,000 2.8
$680,001 - $1,020,000 8.7
$544,001 - $680,000 11.9
$408,001 - $544,000 34.1
$272,001 - $408,000 23.7
$136,001 - $272,000 8.3
$68,001 - $136,000 5.7
$0 - $68,000 2.9

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.68194070080863 13.4615384615385

Number Of Homes And Apartments:

Big Pine Key Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
100.20% 4.11% 8 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,588 / per month

Homeownership Rate

Owners 73.59
Renters 26.41
Vacant 36.04

Housing Market Details


Age of Homes

2000 or Newer 9.0
1970 - 1999 66.5
1940 - 1969 24.6
1939 or Older 0.0

Types of Homes

Single-Family 79.0
Townhomes 1.8
Small Apt. Buildings 3.5
Apt. Complexes 3.5
Mobile Homes 11.9
Other 0.3

Home Size

No Bedroom 2.23
1 Bedroom 13.54
2 Bedrooms 48.25
3 Bedrooms 33.54
4 Bedrooms 2.10
5 or more bedrooms 0.33

Popular Neighborhoods in Big Pine Key

Popular Communities Near Big Pine Key, FL

Zip Codes in Big Pine Key, FL