Key West, FL

Moderate RegulationsMarket Score: 9.1/10

Last updated: January 2026 - Source: AirDNA

Avg Nightly Rate

$425

Avg Occupancy

74%

Est. Annual Revenue

$114,712

Demand Trend

Stable

Market Overview

Key West, FL is a moderate short-term rental market with an average nightly rate of $425, 74% average occupancy, and an estimated $114,712 in annual revenue. InvestorVerdict rates it 9.1/10 for STR investment potential (demand trend: stable).

Regulation Status: moderate

License required. Cap on total STR units in residential zones.

Top Neighborhoods

Old TownTruman AnnexDuval Street

Key Demand Drivers

Fantasy FestHemingway DaysNew Year Eve

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Frequently Asked Questions

What is the average Airbnb nightly rate in Key West, FL?

The average short-term rental nightly rate in Key West is $425, based on AirDNA data.

Are short-term rentals legal in Key West?

Key West is a moderate STR market. License required. Cap on total STR units in residential zones.

Investment Risk Disclaimer

STR market data for Key West is sourced from AirDNA and is for educational purposes only. Market conditions and regulations change frequently. Always conduct thorough due diligence before investing.