Keystone, Florida Housing Market Prices
Keystone Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 56% below the Florida median$137,500
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Median rent 35% above the Florida median$2,258
Housing Market Overview
| Metric | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $311,338 | $248,835 |
| Price Trend (Annual %) | 6.7% | 11.2% | 7.5% |
| Median Gross Rent | $2,258 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Keystone is about 56% lower than in Florida. Rent is about 35% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Keystone, up about 6.7% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Keystone rose about 29.1% between 2015 and 2024, from $1,748 to $2,258. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Keystone.
Buying the median-priced home in Keystone costs roughly 5.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Keystone. The price-to-rent ratio in Florida is about 15.6.
| Metric | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $311,338 | $248,835 |
| Median Household Income | $158,718 | $74,580 | $80,455 |
| Price-to-Income Ratio | 0.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Keystone fell about 50.1%, while median household income rose about 46.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 87.5% | 57.7% | 58.5% |
| Rental Rate | 8.0% | 27.7% | 31.2% |
| Vacancy Rate | 4.5% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Keystone has a homeownership rate of 87.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 4.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1997 | 1988 | 1978 |
| Median Number of Rooms | 7.4 | 5.2 | 5.5 |
The typical housing unit in Keystone was built around 1997. On average, 2.8 people live in a home with about 7.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Keystone, Florida.
What is the median home price in Keystone, Florida?
The median home price in Keystone, Florida is $137,500, lower than the Florida average of $311,338.
What is the average home price in Keystone, Florida?
The typical home price in Keystone, Florida, reported as the median sale price, is $137,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Keystone, Florida?
The median gross rent in Keystone, Florida is $2,258 per month, higher than the Florida average of $1,668.
What was the median gross rent in Keystone in 2020?
In 2020, the median gross rent in Keystone, Florida was $1,844 per month.
What is the price-to-rent ratio in Keystone, Florida?
The price-to-rent ratio in Keystone, Florida is about 5.1, meaning it would take roughly 5.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Keystone.
Are home prices or rent rising faster in Keystone, Florida?
Both home prices and rent are rising in Keystone, up about 6.7% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Keystone, Florida?
87.5% of households in Keystone, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Keystone, Florida?
The housing vacancy rate in Keystone, Florida is 4.5%, lower than the Florida average of 14.6%.
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