Key Biscayne, FL


Highest Appreciating Key Biscayne Neighborhoods Since 2000

Key Biscayne, 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

Key Biscayne Housing Market Information

With 12,990 people, 4,570 houses or apartments, and a median cost of homes of $1,408,023, Key Biscayne house prices are not only among the most expensive in Florida, Key Biscayne real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Key Biscayne, accounting for 78.11% of the village's housing units. Other types of housing that are prevalent in Key Biscayne include single-family detached homes ( 19.96%), row houses and other attached homes ( 1.35%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Dwellings in Key Biscayne tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.05% of the homes in Key Biscayne have two or fewer bedrooms.

There is a lot of housing in Key Biscayne 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 Key Biscayne built between 1940-1969 ( 20.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.37%).

A decent proportion of the Key Biscayne housing stock is seasonally occupied. That is, homes and condos in Key Biscayne are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Key Biscayne housing market speaks to its popularity as a vacation location of choice.

Key Biscayne Home Appreciation Rates

Appreciation rates for homes in Key Biscayne have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.56%, which ranks in the top 50% nationwide. This equates to an annual average Key Biscayne house appreciation rate of 0.25%.

Appreciation rates are so strong in Key Biscayne that despite a nationwide downturn in the housing market, Key Biscayne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Key Biscayne appreciation rates continue to be some of the highest in America, at 10.24%, which is higher than appreciation rates in 94.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Key Biscayne. Key Biscayne appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Key Biscayne one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values


Median Home Value:

Key Biscayne, FL HOME PRICES

Value Range
> $1,386,000 49.9
$1,040,001 - $1,386,000 13.7
$694,001 - $1,040,000 15.0
$555,001 - $694,000 6.1
$416,001 - $555,000 4.3
$277,001 - $416,000 3.2
$139,001 - $277,000 4.1
$69,001 - $139,000 0.0
$0 - $69,000 3.6

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
0.503925934606821 1.28205128205128

Number Of Homes And Apartments:

Key Biscayne 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
163.94% 5.79% 10 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$3,674 / per month

Homeownership Rate

Owners 74.42
Renters 25.58
Vacant 39.14

Housing Market Details


Age of Homes

AGE OF Key Biscayne HOMES
2000 or Newer 10.4
1970 - 1999 68.7
1940 - 1969 20.9
1939 or Older 0.0

Types of Homes

TYPE OF Key Biscayne HOMES
Single-Family 20.0
Townhomes 1.3
Small Apt. Buildings 0.1
Apt. Complexes 78.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Key Biscayne HOMES
No Bedroom 0.64
1 Bedroom 11.56
2 Bedrooms 46.85
3 Bedrooms 23.66
4 Bedrooms 9.43
5 or more bedrooms 7.86