Housing market/Florida/ZIP 33040
ZIP 33040 Key West, Monroe County, Florida
Monroe County, FL · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 33040 · FL — sent to you.
ZIP 33040 · FL
ACS rent vs 2BR SAFMR
ZIP 33040 — Key West, FL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 33040
- 1-unit detached8,38644.4%
- 1-unit attached1,90910.1%
- 2–4 units2,80214.8%
- 5–49 units2,64314.0%
- 50+ units1,99610.6%
- Mobile1,1476.1%
2–4 unit share 14.7% · 5–49 unit share 13.9% · combined 2–49 28.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $2,079 (all bedrooms, occupied rentals).
- Median contract rent $1,908.
- Renters paying ≥30% of income 61.4%; ≥50% 33.9%.
- FY2027 2BR SAFMR $2,520 (1.212× ACS median gross rent).
Population
36,091 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +3.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 11 projects, 821 units.
- HUD project-based assisted MF: 4 properties, 140 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 8 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 33040 51.6% of occupied households are renters; vacancy is 20.8%; ACS median gross rent is $2,079; population increased +3.8% between the 2018 and 2023 ACS vintages; the housing stock includes 2,802 units in 2–4-unit structures and 2,643 units in 5–49-unit structures; 11 LIHTC projects totaling 821 units; FY2027 2BR SAFMR is $2,520 versus ACS median gross rent of $2,079. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Florida research
ZIP 33040 is a Census / HUD profile for Monroe County, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 33040 — Key West, FL HUD Section 8 Payment Standards / SAFMR·Florida ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 33040?
ZIP 33040 (Monroe County, FL) has 36,091 residents, 15,049 households, a renter share of 51.6%, median household income of $79,038, and ACS 2023 median gross rent of $2,079. Vacancy is 20.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 33040?
ACS counts 1,377 units in 2-unit buildings, 1,425 in 3–4 unit buildings, 1,326 in 5–9, 496 in 10–19, and 821 in 20–49. Combined 2–49 unit stock is 5,445 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 33040?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,520. See the full schedule and 90–110% payment-standard band on the ZIP 33040 — Key West, FL HUD Section 8 Payment Standards / SAFMR.
Does this Florida ZIP profile include Georgia listings?
No. ZIP 33040 is Census / HUD research for Monroe County, FL. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.