Islamorada today
What this means
Values in Islamorada are still rising: +5.4% in the past year.
A specific house can rent above or below these figures, so pull rental comps for the address. Sources and method: how these figures are built.
Quick facts
| Islamorada | vs Monroe County | vs Florida | |
|---|---|---|---|
| Population | 6,955 (2025 estimate) | ||
| Growth since 2020 | -2.4% | +0.6 pts | -11.3 pts |
| Median home value | $919,600 | 18% higher | 156% higher |
| Median gross rent | $1,882 | 6% lower | 13% higher |
| Median household income | $87,222 | 1% lower | 17% higher |
| Owner occupied homes | 84.5% | +18.7 pts | +16.9 pts |
| Residents 65 and older | 29.3% | +4.6 pts | +8.0 pts |
| Average commute (minutes) | 24 | 26% higher | 12% lower |
| Homes built 2010 or later | 7.3% | -3.2 pts | -6.9 pts |
| Median property tax paid | $5,473 | 33% higher | 100% higher |
Census survey figures are 2020 to 2024 averages; methods.
Living in Islamorada
Village in the upper Keys spread across five islands between Miami and Key West, known as a sport fishing center.
Islamorada is a village with its own government, located in Monroe County.
Known for: History of Diving Museum; Robbie's Marina; 1935 Labor Day Hurricane memorial
Development and roads: Incorporated in 1997; US 1 runs through all five islands.
Against the Monroe County averages, more homes are seasonal or vacation homes (40.1% vs 26.9%); more homes are owner occupied (84.5% vs 65.8%); commutes are longer (24 vs 20 minutes) and the median value of $919,600 is above the county's $780,600.
Closest matches on price and rent: Marco Island ($896,300, $1,990), Indian Rocks Beach ($738,800, $1,863), Key West ($852,400, $2,220).
Growth and housing
Population went from 7,124 in 2020 to 6,955 in 2025 (-2.4%), versus -3% for Monroe County.
| 2025 building permits | Islamorada |
|---|---|
| Single family | 27 |
| 5 or more units | 0 |
| Total units | 27 |
| Per 1,000 residents | 3.9 |
Median year built: 1982. Detached houses dominate (73.6% of homes). Households average 2.20 people.
Out of state arrivals: 1.4% of residents a year, versus 3% countywide.
Risks to price in
| Risk item | Detail |
|---|---|
| County average homeowners insurance with wind | $7,863 a year |
| Hurricanes tied to Monroe County since 2000 | Irma (2017) |
| Coastal county | check flood zone and elevation per address |
With 44.9% of the stock built before 1980, budget for roof, electrical and plumbing updates. Inspections
Condo towers and big complexes (13.4% of homes) mean assessments and building approval matter. Condo financing
Flood, storms and jobs
Islamorada has its own flood program rating: CRS class 5, which takes 25% off federal flood premiums in high risk zones. 1,021 flood claims ($50,008,284) have come from Islamorada since 2000. For county flood claims, disaster history and jobs, see the Monroe County guide (89.4% of homes there are in high risk zones).
Buying a home in Islamorada
| 2026 loan limits (county) | Amount |
|---|---|
| FHA, one unit | $990,150 |
| Conforming, one unit | $990,150 |
| Median home value here | $919,600 |
Homes cost 10.5 times median household income here (Monroe County 8.9, Florida 4.8).
- Conventional: the default for buyers with solid credit and 5% or more down.
- FHA: the Islamorada median of $919,600 fits under the $990,150 limit.
- Jumbo: many homes here run near or past the $990,150 conforming limit.
Investing in Islamorada
Long term rentals
| Islamorada | vs Monroe County | |
|---|---|---|
| Renter occupied homes | 15.5% | -18.7 pts |
| Rental vacancy | 42.5% | +22.9 pts |
| Rent as share of renter income | 35.8% | -1.3 pts |
Short term rentals
Vacation demand is real here, with 40.1% of homes held for seasonal use, and so is the competition.
| Short term rental taxes | Rate |
|---|---|
| County tourist development tax | 5% |
| State sales tax | 6% plus any county surtax |
Check the address against local zoning and the HOA documents first. State rules
Property types
| Housing stock | Share |
|---|---|
| Single family detached | 73.6% |
| Buildings with 5+ units | 19.2% |
| Manufactured homes | 1.6% |
Nearby
Other Florida markets
Sources
- U.S. Census Bureau, American Community Survey 2020 to 2024 5 year estimates. 2020 to 2024.
- U.S. Census Bureau, Population Estimates, Vintage 2025. July 1, 2025.
- U.S. Census Bureau, Building Permits Survey, 2025 annual. 2025.
- FFIEC HMDA Data Browser, originated loans. 2025 and 2024.
- LendingTree: 2026 FHA loan limits in Florida by county (HUD figures). 2026.
- Florida Realtors: FHFA sets 2026 conforming loan limits. 2026.
- Florida Office of Economic and Demographic Research: 2026 local option tourist tax rates. 2026.
- Florida Office of Insurance Regulation, July 2026 Insurance Stability Unit report (average homeowners premium with wind, as of March 31, 2026). March 31, 2026.
- Freddie Mac Primary Mortgage Market Survey. week of October 22, 2026.
- Wikipedia: List of counties in Florida. checked October 2026.
- U.S. Census Bureau county adjacency file. 2024.
- Wikipedia county article and statewide lists (colleges, teams, airports); Florida Defense Support Task Force installation map. checked October 2026.
- Wikipedia article for this place (history, setting, roads). checked October 2026.
- Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted. September 2026.
- Federal Housing Finance Agency House Price Index (county annual, metro and state quarterly, all transactions). through Q2 2026.
- U.S. Census Bureau, Building Permits Survey, January to September 2026 and 2025. September 2026.
- FEMA OpenFEMA, NFIP Residential Penetration Rates. as of August 2026.
- FEMA OpenFEMA, FIMA NFIP Redacted Claims (2000 to 2026). as of September 2026.
- FEMA OpenFEMA, NFIP Community Status Book (Community Rating System class). August 2026.
- FEMA OpenFEMA, Disaster Declarations Summaries (2000 to 2026). October 2026.
- U.S. Census Bureau, County Business Patterns 2023. 2023.
- U.S. Census Bureau, ACS 2020 to 2024, median gross rent by bedrooms (B25031). 2020 to 2024.
- Hurricane landfalls: Wikipedia, List of Florida hurricanes (2000 to present). checked October 2026.
Estimates from public data; they change over time. General information, not investment, tax or legal advice, and not a loan offer. Methods and assumptions.