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ZIP Code · FL

ZIP 33037

Pop. 14,770·Monroe County·69th most expensive ZIP in Florida
Median rent (all units)
$2,935/mo
Year-over-Year
-7.7%
Month-over-Month
-0.3%
vs US Median
+$970
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 33037 · $2,935
More expensive than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,690
1 BR
$2,160
2 BR
$2,450
3 BR
$3,230
4 BR+
$3,240
Research median
$2,450/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$35,220/yr
At $2,935/mo median
Location
StateFL
CountyMonroe County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-7.7% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 33037 (Key Largo, FL) is majority owner-occupied, has a large retiree population, 41.7% of residents hold a bachelor's degree or higher.

Population
14,770
Median income
$86,533
Median age
53.2
Renters
20.8%
Age distribution
13.6%
15.3%
24.9%
15.2%
31.1%
Under 1813.6%
18–3415.3%
35–5424.9%
55–6415.2%
65+31.1%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
69.8%
29%
White69.8%
Black3.4%
Hispanic29%
Education (25+)
27.5%
24.9%
41.7%
No HS diploma5.9%
HS diploma27.5%
Some college24.9%
Bachelor's+41.7%
Housing tenure
79.2%
20.8%
Owner79.2%
Renter20.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 33037 in Key Largo, FL has changed in 5 years

Income
$67,236 → $86,533
up 28.7%
Population
12,090 → 14,770
up 22.2%
Renter share
22.7% → 20.8%
-1.9 pts
Bachelor's+
38.3% → 41.7%
+3.4 pts

On the earnings side, the typical household in ZIP 33037 in Key Largo, FL now reports about $86,533, up from $67,236 in 2021. The population has grown by 22.2% since 2021, moving from about 12,090 residents to roughly 14,770. Renters now make up 20.8% of households, compared with 22.7% five years ago. College-educated residents now make up 41.7% of adults here, versus 38.3% in 2021.

Community

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Local insights

Tips for renters in ZIP 33037

About renting in ZIP 33037

Last updated: July 20, 2026

ZIP code 33037 covers Key Largo, FL. The median rent here is $2,935/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,450/mo.

At 41% of local median household income ($86,533/yr), ZIP 33037 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 7.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33037?

As of July 20, 2026, the median monthly rent in ZIP 33037 (Key Largo, FL) is $2,935. This is based on aggregated data from public sources and community submissions.

How does ZIP 33037 rent compare to the US average?

ZIP 33037's median rent of $2,935/mo is $970 (49%) above the US national median of $1,965/mo.

How does ZIP 33037 compare to other ZIPs in Florida?

ZIP 33037 is one of the pricier ZIP codes in Florida, ranking #69 out of 662 ZIPs tracked at $2,935/mo.

How much income do you need to rent in ZIP 33037?

To keep rent at or below 30% of gross income, you would need to earn at least $117,000/year (~$56/hour full-time) to afford the median rent of $2,935/mo in ZIP 33037. The local median household income is $86,533/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33037?

Rent in ZIP 33037 has decreased 7.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 33037 an affordable place to rent?

ZIP 33037 is considered stretched for renters. At $2,935/mo, rent takes approximately 41% of the local median household income ($86,533/yr). The standard benchmark is 30%. ZIP 33037 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 33037 residents rent vs. own?

According to Census data, approximately 20.8% of ZIP 33037 households are renters, while 79.2% are owner-occupied. ZIP 33037 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 33037 compare to the rest of Key Largo?

ZIP 33037 sits right at the Key Largo citywide median of $2,935/mo.

When was rent data for ZIP 33037 last updated?

Rent data for ZIP 33037 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
41%
STRETCHED

At $2,935/mo, rent takes ~41% of ZIP 33037's median household income ($86,533/yr). The standard benchmark is 30%.

ZIP 33037 41%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33037 (Key Largo, FL)

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