Airbnb Market Analytics & Investment Insights
Annual Revenue
$101,279
Based on 1178 full time Airbnb rentals
Average Daily Rate
$462
Gross Yield
9.52%
#64 in the USOccupancy Rate
56%
As of June 2025, Homes in Key West have depreciated by -0.12%, with the median home value standing at $1,076,205, according to Zillow.
There are currently 1,178 active short-term rentals in Key West. The average daily rate for these rentals is $462. This translates to an annual revenue of $101,279 for short-term rentals as of June 2025.
Key West is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$462
Occupancy Rate Trend
56%
Let our agents guide you to the best short-term rental investments in Key West, FL
Active Short-Term Rentals
1178
As of June 2025, the average gross yield for short-term rentals in Key West is 9.52%. However, potential investors should also consider the average property tax, which stands at 0.58% according to SmartAsset.
The median household income in Key West is $58,231.
As of June 2025, the occupancy rate for Airbnb rentals in Key West is 56%, which is higher than the average occupancy rate for the United States.
As of June 2025 The unemployment rate in Key West is 2.3%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in Key West include a Indoor fireplace, Pool table, and Kayak.
Key West is a popular destination for travelers, with Airbnb demand coming from cities like Miami, FL (2.84% of all guests), New York, NY (1.63% of all guests), and Fort Lauderdale, FL (1.18% of all guests).
The top short-term rental hosts in Key West include Brightwild, Vacasa Key West and Vacasa Florida. These hosts have an average rating of 4.70, 4.57 and 4.60 respectively.
The most popular property types in Key West are 2-bedroom units, with an average daily rate of $462 and an annual revenue of $82,256.
The average booking lead time for short-term rentals in Key West is 90 days.
| Bedrooms | Listings | Occupancy | Average Daily Rate | Annual Revenue |
|---|---|---|---|---|
| Studio | 94 | 77% | $266 | $74,274 |
| 1 Bedroom | 658 | 77% | $294 | $82,092 |
| 2 Bedroom | 932 | 72% | $313 | $82,256 |
| 3 Bedroom | 431 | 75% | $353 | $96,634 |
| 4 Bedroom | 161 | 67% | $435 | $106,379 |
| 5 Bedroom | 2 | 74% | $414 | $111,821 |
| Zipcode | Gross Yield | Annual Revenue | Full-time Listings | Median Home Value |
|---|---|---|---|---|
| 33040 | 7% | $71,671 | 1809 | $1016K |
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