33040 — Key West, FL Home Values
Typical home value $966,279 as of June 2026 · 4th of 9 in Key West, FL
Blue: typical home value (Zillow ZHVI) in ZIP code 33040, June 2021 to June 2026. This page shows observed data only; no forecast.
How 33040 compares in the Key West, FL area
ZIP code 33040 (Key West, FL) has a typical home value of $966,279 as of June 2026, ranking 4th of 9 ZIP codes tracked in the Key West, FL area, more expensive than about 67% of ZIP codes in the metro. Prices here have moved -3.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.9%, from $749,428 in June 2021 to $966,279 in June 2026. Against observed rent, the typical home here sells for 23.5× the annual rent ($3,422/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Key West, FL forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Key West.
Population and demographics
ZIP code 33040 has a population of 36,091, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 55.7% White, 26.7% Hispanic or Latino, 11.7% Black or African American, 3.2% two or more races, 1.5% Asian, 0.8% another race, and 0.3% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| MONROE VIRTUAL INSTRUCTION PROGRAM | 241 TRUMBO RD, KEY WEST, FL | 7.9 mi |
| MONROE VIRTUAL INSTRUCTION PROGRAM (DISTRICT PROVIDED) | 241 TRUMBO RD, KEY WEST, FL | 7.9 mi |
| MONROE VIRTUAL FRANCHISE | 241 TRUMBO RD, KEY WEST, FL | 7.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 33040?
$966,279 as of June 2026, the latest month Zillow has published observed data for.
Is 33040 an expensive ZIP code in the Key West, FL area?
33040 ranks 4th of 9 ZIP codes in the Key West, FL area by typical home value, more expensive than about 67% of ZIP codes in the metro.
How much have home values in 33040 changed over the past year?
-3.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 33040?
The typical home price is 23.5× the observed annual rent in this ZIP code ($3,422/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 33040?
36,091, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 33040?
MONROE VIRTUAL INSTRUCTION PROGRAM (7.9 mi), MONROE VIRTUAL INSTRUCTION PROGRAM (DISTRICT PROVIDED) (7.9 mi), MONROE VIRTUAL FRANCHISE (7.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 33040?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Key West, FL forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.