In Key West, the current, local real estate market is active, benefiting both from year-round sales and from seasonal renters. Make no mistake, Key West is one of the most popular places to buy or rent property. If you are looking and are new to the island, you might be in for a shock when you learn a search of asking prices for two-bedroom homes revealed average costs of $200,000 and above. The cost of living is very high, and salaries on the island do not keep up. In fact, salaries are much lower than they are in the rest of the United States.

Seasonal rentals go for approximately $2,000 to $4,500 a month. Several luxurious locations go for more. No matter what your budget, you