The Key West Mystique

Key West Island News


Key West Island News connects Key West residents and friends of the island, fosters our One Human Family culture and advances understanding of shared goals for our island community

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Five kinds of people can afford Key West | Are you one?

By Linda Grist Cunningham, editor and proprietor

Linda Grist Cunningham is editor and proprietor of Key West Island News and KeyWestWatch Media LLC. She and her husband, a park ranger at Fort Zach, live in Key West with their Cat 5s.


Key West knows it faces a catastrophic housing challenge: Working people can’t afford to live in Key West. We’ve become an island of cruise-ship visitors, day-trippers, second-home owners, vacation renters and nicely-heeled retirees.

How much time do we have before there are no workers and few permanent residents to sustain the bloated tourism and vacation rental-investor economy that we’ve created?

Five kinds of people can afford to live in Key West.
1. The 1 percenters who need not concern themselves with a price tag;
2. The been-here-for-generations and live-in-my-great-great-grandmother’s cottage;
3. The bought-my-house-before-2003 and have one of the handful of good paying jobs on the island;
4.  The sure-I-like-five-roommates–in-800-square-feet 20-somethings who sleep in shifts;
5. The wandering ones who sleep on the beach and under the pier, or live in a local storage unit.

Key West Island NewsEveryone else watches in stupefaction as housing costs on the six-square-mile island re-tread the heady days of 2006 when 200 percent price increases didn’t raise an eyebrow before they tumbled into the abyss in 2008 and didn’t recover for seven years. Today, we’ve got listing prices rivaling 2006.

Two things happen when home prices tickle heaven’s gate. Investors gobble up houses and toss them into the vacation rental pool. And, regular folks – the working middle class – can neither buy nor rent a place to live.

Here’s what we’ve got: Hundreds of former family homes rented to snowbirds for three or four months, which then sit vacant or rarely used for the rest of the year. What most certainly would have been long-term rentals for the island’s working families are no longer accessible.

Recently, there were fewer than 300 rental listings in the Key West-Stock Island area. A handful listed for under $1800 a month; most were $2,000-plus. About a third of the listings were clearly seasonal vacation rentals and carried price tags of $4,500 to $10,000 a month. Yes, you read that right.

Consider it this way. The per capita income in Key West is right around $31,000. Median household income (2.56 people in a household) is about $54,000. We are wealthier than most places in Florida and the United States. That’s good, right?

Sure, until we start doing some long division. Let’s generously assume a household can afford to spend 40 percent of its income on rent. They can’t, but we’ll assume they’re willing to eat canned green beans and forgo a cell phone.

Forty percent of $54,000 is $21,600. Divide that by 12 and we get $1,800 a month to spend on rent.

Remember what I said about not much listed for under $1,800? In Key West, the definition of affordable housing rents is about $2,450.

Whether we call it “affordable” housing or “workforce housing,” the island’s firefighters, teachers, cops, small business owners and retail and entertainment workers can’t afford to live here. There are no affordable places to rent and local salaries don’t support the buy-in for a home purchase.

Since Hurricane Irma in September 2017, it’s only gotten worse. Despite protestations and discussions to the contrary, there’s little political will to make the sweeping changes needed — and, if truth be known — even residents are inclined toward the NIMBY thing. Build it, they say, just not where I can see or hear it. One of these days, we’re going to be in a world of hurt. That day is today.

Linda Grist Cunningham is editor and proprietor of KeyWestWatch Media. She and her husband and four cats live in a single family home in Key West. Had they not bought it during the Great Recession, they would still be living in Rockford, IL, and shoveling snow.


  1. Gregory Pace

    Im #7 had to leave because couldnt raise two special needs kids on 14. A hour. I now live in central FL a full time dad renting a 4 bed with trees in the yard on 1500 a month

  2. Blue-haired Old Lady (@JackholeDiary)

    As Perry Court was a gift to the Navy instead of Bettis getting it basically free from the Navy well I think that 55million sounds like well criminal. A better option is the city /county declares the hand off of community owned property to a scam I mean a contractor as illegal and we take it back. A change to the footprint of Sigsbee so that we can take back the land left to rot by Bettis. Hundreds of affordable homes can be created where that company has mismanaged and basically destroyed housing that now is cheaper to demo and rebuild. Bettis needs to be kicked out of Monroe County and really needs to lose all the military housing contracts we see the effect of this company’s illegal practices.

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