Southeast1.3% avg cap rateLive · 41 active listings

Key West, FL

Southernmost point - premium year-round island STR

Key West is America's southernmost city and one of the most supply-constrained STR markets in the US. The island's physical size limits new construction, the Conch Republic culture drives intense brand loyalty, and the tropical climate supports year-round demand. STR regulations are among the most complex in Florida - licensing, registration, and inspection requirements apply.

1.3%
Avg Cap Rate
Net operating income / price
62%
Avg Occupancy
Annual average
$195
Avg Nightly Rate
All property types
$2.3M
Avg List Price
STR-viable properties

41 active listings in Key West are analyzed and ranked right now

Scored 1-10 against real Airbnb comps. See which properties rank highest and why.

See the ranked listings

Estimated Annual Performance

Gross rental revenue
62% occ × $195/night
$44,129
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $17,652
Est. net operating income
Before mortgage & depreciation
$26,477
At $2.3M avg price
Implied cap rate
1.1%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Key West

Supply-constrained island market - limited new inventory possible
Year-round tropical climate eliminates seasonal off-peak
Premium pricing relative to property size - walkable, dense market
Review FL STR licensing requirements - active regulation applies
Peak season: Year-round (peaks: Fantasy Fest Oct, spring break)
Top property types: Conch House, Cottage, Condo, Duplex
Primary zip: 33040, 33042

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 41 active listings · last updated Jul 1, 2026

Run a live analysis in Key West

Search active MLS listings in Key West and instantly see cap rates, cash flow projections, and STR comp-backed nightly rates - all in one underwriting report.