Airbnb market dataThrough 1,051 listingsHow we measure
A typical active Airbnb in Key West, FL earned $78,385 in the 12 months to Sep 2026, with the median listing booked 50% of nights and an average nightly rate of $496 in Sep 2026.
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A typical active Key West Airbnb earned $78,385 in the 12 months to Sep 2026. The top 25% of listings averaged $162,751, about 2.1× that. The bottom 25%, which includes rarely booked listings, averaged $4,770.
$4.8k
Bottom 25% average
$78.4k
Typical listing
$162.8k
Top 25% average
2-bedroom homes are the most common in Key West (41% of listings).
| Bedrooms | Share of listings | Nightly rate | Occupancy | Est. revenue/yr |
|---|---|---|---|---|
| Studio | 2% | $389 | 57% | $81,572 |
| 1 bedroom | 33% | $355 | 49% | $64,016 |
| 2 bedrooms | 41% | $490 | 41% | $73,050 |
| 3 bedrooms |
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The best three months, Mar, Jan and Feb, brought in 34% of a typical Key West listing's revenue over the 12 months to Sep 2026.
Apr–Jul beat a year earlier; Sep was 16% lower
Typical monthly revenue per listing, Oct 2025–Sep 2026, against the same month a year earlier
No year-earlier data for Oct–Mar yet.
Upper Duvall has the highest gross yield of the 7 Key West neighborhoods we rank, at 8.1%, with typical revenue of $98,368 a year.
| # | neighborhood | Gross yield | Revenue/yr | Occupancy | Home value |
|---|---|---|---|---|---|
| 1 | Upper Duvall | 8.1% | $98,368 | ||
| 2 | Bahama Village | 7.4% | $60,964 | ||
| 3 | Duvall Street | 7.3% | $112,158 | ||
| 4 | New Town | locked | locked | locked | locked |
| 5 | Old Town | locked | locked | locked | locked |
| 6 | Historic Seaport | locked | locked | locked | locked |
| 7 | Casa Marina | locked | locked | locked | locked |
Ranked by gross yield (typical yearly revenue ÷ median home value), last 12 months. 4 neighborhoods have fewer than 20 listings or incomplete data and aren't ranked.
Yield isn't everything: zoning and HOA rules decide which streets allow short-term rentals.
The median Key West home is worth $1,007,374 (Zillow, Aug 2026), down 0.7% in a year. At typical revenue that's a 7.8% gross yield, before the mortgage, taxes and running costs.
Key West ranks #54 of the 73 Florida markets we track by gross yield.
| # | Market | Gross yield | Revenue/yr | Home value |
|---|---|---|---|---|
| 1 | Deerfield Beach, FL | 18.5% | $50,521 | |
| 2 | Delray Beach, FL | 17.0% | $58,242 | |
| 3 | Hallandale Beach, FL | 16.7% | $46,311 | |
| 4 | Panama City, FL |
None listed in Key West right now, so here are others in Florida.
A typical active Airbnb in Key West, FL earned $78,385 in the 12 months to Sep 2026. The median listing was booked 50% of nights, and the average nightly rate was $496 in Sep 2026. Against a median home value of $1,007,374, that's a 7.8% gross yield before the mortgage, taxes and running costs.
A typical active listing earned $78,385 in the 12 months to Sep 2026. The top 25% of listings averaged $162,751 and the bottom 25% $4,770. Estimated by size: 1-bedroom about $64,016; 2-bedroom about $73,050; 3-bedroom about $76,624 and 4-bedroom about $194,883 a year.
The typical listing was booked 50% of nights in the 12 months to Sep 2026, from 73% in March to 26% in September.
Based on 1,051 Key West short-term rental listings tracked by Chalet, with data through Sep 2026. Home values come from the Zillow Home Value Index.
Airbnb data sites count different things. Some average every listing, including ones that are rarely booked; some use a whole metro area instead of the town; some use a calendar year. We show typical figures for active listings in Key West over the last 12 months, and label each number with what it counts. Compare like with like before comparing sites.
| 16% |
| $613 |
| 34% |
| $76,624 |
| 4 bedrooms | 7% | $1,088 | 49% | $194,883 |
|---|
| 5 bedrooms | 2% | $2,161 | 58% | $459,348 |
|---|
Estimated revenue = nightly rate × occupancy × 365, last 12 months.
| Month | Revenue | Occupancy | Nightly rate | Revenue a year earlier |
|---|---|---|---|---|
| Oct 2025 | $5,057 | 39% | $415 | |
| Nov 2025 | $6,586 | 50% | $475 | |
| Dec 2025 | $8,024 | 58% | $545 | |
| Jan 2026 | $8,565 | 67% | $588 | |
| Feb 2026 | $8,173 | 71% | $694 | |
| Mar 2026 | $9,794 | 73% | $681 | |
| Apr 2026 | $6,966 | 56% | $607 | |
| May 2026 | $5,296 | 42% | $541 | |
| Jun 2026 | $5,395 | 44% | $494 | |
| Jul 2026 | $6,595 | 50% | $496 | |
| Aug 2026 | $4,342 | 29% | $416 | |
| Sep 2026 | $3,593 | 26% | $376 |
Yes, Airbnbs are legal in Key West, but only in eligible zones and with both a city Business Tax Receipt and a Florida DBPR license.
Yes, you need a City of Key West Business Tax Receipt and a Florida DBPR vacation rental license to operate an Airbnb in Key West.
Yes, association rules may override city permissions, allowing HOAs or condos to prohibit STRs.
The total tax burden on short-term rentals in Key West is 12.5%, which includes 6% state sales tax, 1.5% county surtax, and 5% Monroe County Tourist Development Tax.
The 10 largest operators in Key West each ran 24 or more listings as of May 2025.
and 3 more
Of guests from the top 10 cities, 54% live within a day's drive. Guests book 82 days ahead on average.
and 3 more
| 16.0% |
| $45,401 |
| 5 | Largo, FL | 14.5% | $48,908 |
|---|
| 6 | Pensacola, FL | 14.5% | $38,588 |
|---|
| 7 | Fort Walton Beach, FL | 14.2% | $45,733 |
|---|
| 8 | Seminole, FL | 13.7% | $52,966 |
|---|
| 54 | Key West, FL (this market) | 7.8% | $78,385 |
|---|
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March; January and February earned the most, bringing in 34% of a typical listing's revenue in the 12 months to Sep 2026.
$1,007,374 as of August 2026 (Zillow Home Value Index), down 0.7% in a year.
2-bedroom homes make up 41% of listings, earning an estimated $73,050 a year.
The top origin cities are Miami, FL (3.3% of guests); New York, NY (1.9% of guests) and Tampa, FL (1.4% of guests). Of guests from the top 10 cities, 54% live within a day's drive.
Chalet tracks 1,051 short-term rental listings in Key West, FL, with data through Sep 2026.
For education only, not financial, legal or investment advice. Full methodology
