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Islamorada, Village of Islands

Learn about the people, housing, costs and businesses in Islamorada, Village of Islands, Florida

Median Home$935,865
Median Rent$2,132/month
Population7,008
Leading IndustriesEducation · Information & Media · Healthcare6% education
Home Value Growth⬆⬆⬆+25.5% over 2 years
Retirees30% of residentswell above average
Homeowners84% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Islamorada, Village of Islands
FL

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Frequently Asked Questions

What are today's mortgage rates in Islamorada, Village of Islands?

As of today, the 30-year fixed mortgage rate for Islamorada, Village of Islands is approximately 6.805% (6.838% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Islamorada, Village of Islands
What is the median home price in Islamorada, Village of Islands?

The median home value in Islamorada, Village of Islands is $936k. The median monthly rent is $2,132. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Islamorada, Village of Islands?

Home values in Islamorada, Village of Islands have increased 25.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Islamorada, Village of Islands?

Based on a typical all-in ownership cost of $2,320/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $99k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Islamorada, Village of Islands is $90k/year.

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What industries drive the economy in Islamorada, Village of Islands?

The largest employment sectors in Islamorada, Village of Islands are healthcare (15%) and public administration (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.