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North Key Largo CDP, FL

ZIP 33037 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 33037

Median Home Value
$660,700
Median Rent
$1,807
Affordability Snapshot
$182,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,244/mo PITI).

27%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 33037 in North Key Largo CDP, FL, a household would need roughly $182,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,244. That is about 125% above the local median household income ($80,911), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 45% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.0%+21% vs US avg
x
Vacancy Rate
44.7%+334% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
16.3%-67% vs US avg
x
Mortgage-Free
61.5%+61% vs US avg
x
$660,700
Home Value
$1,807
Rent
1983
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached60.7%
  • 1-unit attached3.9%
  • 2-9 units13.2%
  • 10+ units8.0%
  • Mobile home & other14.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$660,700
Median rent$1,807
Owner-occupied79.0%
Vacant44.7%
Price-to-income8.2x
Est. income to buy$182,000